Hood River Capital Management LLC Lowers Position in Abercrombie & Fitch Co. (NYSE:ANF)

Hood River Capital Management LLC lessened its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 33.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,158 shares of the apparel retailer's stock after selling 15,457 shares during the quarter. Hood River Capital Management LLC owned approximately 0.06% of Abercrombie & Fitch worth $4,508,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Abercrombie & Fitch by 8.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 341,640 shares of the apparel retailer's stock worth $51,065,000 after acquiring an additional 26,803 shares during the period. Pinebridge Investments L.P. boosted its holdings in shares of Abercrombie & Fitch by 50.3% during the fourth quarter. Pinebridge Investments L.P. now owns 12,965 shares of the apparel retailer's stock worth $1,938,000 after acquiring an additional 4,337 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Abercrombie & Fitch by 7.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 520,702 shares of the apparel retailer's stock valued at $77,830,000 after buying an additional 37,752 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Abercrombie & Fitch by 112.4% in the fourth quarter. Hsbc Holdings PLC now owns 23,991 shares of the apparel retailer's stock valued at $3,562,000 after buying an additional 12,696 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of Abercrombie & Fitch by 200.1% in the fourth quarter. Stifel Financial Corp now owns 11,753 shares of the apparel retailer's stock valued at $1,757,000 after buying an additional 7,837 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ANF. StockNews.com cut Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Telsey Advisory Group cut their price target on Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut their price target on Abercrombie & Fitch from $168.00 to $155.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Citigroup lowered their price objective on shares of Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Barclays initiated coverage on shares of Abercrombie & Fitch in a research report on Monday, April 21st. They set an "equal weight" rating and a $71.00 price objective for the company. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $127.25.

Abercrombie & Fitch Price Performance

Shares of Abercrombie & Fitch stock traded down $1.34 on Tuesday, hitting $69.33. 617,780 shares of the company's stock traded hands, compared to its average volume of 1,990,972. Abercrombie & Fitch Co. has a one year low of $65.40 and a one year high of $196.99. The company has a fifty day moving average of $80.63 and a two-hundred day moving average of $118.86. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 6.85 and a beta of 1.41.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, beating the consensus estimate of $3.48 by $0.09. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the company earned $2.97 EPS. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch declared that its board has authorized a share repurchase program on Wednesday, March 5th that permits the company to buyback $1.30 billion in outstanding shares. This buyback authorization permits the apparel retailer to repurchase up to 29.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its shares are undervalued.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.