Oberweis Asset Management Inc. Has $22.02 Million Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Oberweis Asset Management Inc. boosted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,300 shares of the apparel retailer's stock after acquiring an additional 18,800 shares during the period. Abercrombie & Fitch makes up approximately 1.0% of Oberweis Asset Management Inc.'s investment portfolio, making the stock its 18th largest holding. Oberweis Asset Management Inc. owned 0.29% of Abercrombie & Fitch worth $22,017,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Abercrombie & Fitch by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,755,692 shares of the apparel retailer's stock valued at $860,303,000 after purchasing an additional 53,999 shares during the period. Invesco Ltd. boosted its holdings in shares of Abercrombie & Fitch by 150.7% in the fourth quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer's stock valued at $221,910,000 after buying an additional 892,492 shares during the period. Wellington Management Group LLP increased its position in shares of Abercrombie & Fitch by 20.8% during the fourth quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer's stock worth $183,829,000 after acquiring an additional 212,155 shares in the last quarter. Marshall Wace LLP increased its holdings in Abercrombie & Fitch by 12.6% during the 4th quarter. Marshall Wace LLP now owns 1,037,773 shares of the apparel retailer's stock worth $155,116,000 after purchasing an additional 115,758 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in Abercrombie & Fitch by 23.2% in the 4th quarter. Fisher Asset Management LLC now owns 701,798 shares of the apparel retailer's stock valued at $104,898,000 after buying an additional 131,970 shares during the last quarter.

Wall Street Analyst Weigh In

ANF has been the topic of several recent research reports. Morgan Stanley lowered their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 15th. Raymond James set a $110.00 target price on Abercrombie & Fitch in a research note on Thursday, March 6th. UBS Group reduced their target price on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Telsey Advisory Group decreased their price target on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Barclays started coverage on Abercrombie & Fitch in a report on Monday, April 21st. They set an "equal weight" rating and a $71.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $127.25.

Abercrombie & Fitch Stock Down 2.4 %

Shares of ANF traded down $1.71 during mid-day trading on Tuesday, hitting $68.96. 782,772 shares of the company's stock were exchanged, compared to its average volume of 2,481,252. The stock's 50-day simple moving average is $80.63 and its 200-day simple moving average is $118.86. Abercrombie & Fitch Co. has a 52 week low of $65.40 and a 52 week high of $196.99. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 6.82 and a beta of 1.41.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.09. The business had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.97 earnings per share. Analysts forecast that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current fiscal year.

Abercrombie & Fitch declared that its Board of Directors has approved a stock buyback program on Wednesday, March 5th that allows the company to buyback $1.30 billion in shares. This buyback authorization allows the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management 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.