Northern Trust Corp Has $111.46 Million Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Northern Trust Corp grew its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 24.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 745,723 shares of the apparel retailer's stock after acquiring an additional 147,779 shares during the period. Northern Trust Corp owned 1.48% of Abercrombie & Fitch worth $111,463,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in Abercrombie & Fitch in the fourth quarter valued at about $27,000. UMB Bank n.a. grew its position in Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock worth $33,000 after acquiring an additional 107 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Abercrombie & Fitch by 56.2% during the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock worth $55,000 after purchasing an additional 132 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Abercrombie & Fitch by 30.9% during the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock valued at $62,000 after purchasing an additional 98 shares in the last quarter. Finally, Parkside Financial Bank & Trust acquired a new position in Abercrombie & Fitch during the fourth quarter worth $69,000.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF traded up $0.08 during mid-day trading on Wednesday, hitting $69.67. The company had a trading volume of 1,244,685 shares, compared to its average volume of 2,002,115. Abercrombie & Fitch Co. has a 12 month low of $65.40 and a 12 month high of $196.99. The firm has a market cap of $3.32 billion, a P/E ratio of 6.89 and a beta of 1.47. The business's 50-day simple moving average is $76.75 and its 200-day simple moving average is $115.40.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.57 billion. During the same period in the previous year, the business earned $2.97 earnings per share. The company's quarterly revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch declared that its Board of Directors has initiated a stock buyback program on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to reacquire up to 29.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently issued reports on ANF. UBS Group decreased their price target on Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Barclays initiated coverage on shares of Abercrombie & Fitch in a research report on Monday, April 21st. They issued an "equal weight" rating and a $71.00 price target on the stock. StockNews.com lowered shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. JPMorgan Chase & Co. cut their target price on shares of Abercrombie & Fitch from $168.00 to $155.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Citigroup lowered their price target on Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $119.63.

Abercrombie & Fitch 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.