OMERS ADMINISTRATION Corp Trims Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

OMERS ADMINISTRATION Corp reduced its stake in Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 39.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,000 shares of the apparel retailer's stock after selling 5,800 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Abercrombie & Fitch were worth $1,345,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Abercrombie & Fitch during the fourth quarter worth $27,000. UMB Bank n.a. lifted its stake in Abercrombie & Fitch by 92.2% during the 4th 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 boosted its holdings in Abercrombie & Fitch by 56.2% during the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock valued at $55,000 after acquiring an additional 132 shares during the period. Private Trust Co. NA grew its position in Abercrombie & Fitch by 30.9% in the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock valued at $62,000 after acquiring an additional 98 shares in the last quarter. Finally, Parkside Financial Bank & Trust acquired a new position in Abercrombie & Fitch in the 4th quarter valued at about $69,000.

Analyst Ratings Changes

A number of research analysts recently weighed in on ANF shares. Raymond James set a $110.00 price objective on shares of Abercrombie & Fitch in a report on Thursday, March 6th. Citigroup cut their price target on Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. UBS Group boosted their price objective on Abercrombie & Fitch from $115.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday. Barclays assumed coverage on shares of Abercrombie & Fitch in a report on Monday, April 21st. They issued an "equal weight" rating and a $71.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of Abercrombie & Fitch from $155.00 to $142.00 and set an "overweight" rating for the company in a report on Monday. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $111.13.

Abercrombie & Fitch Stock Up 7.0%

Abercrombie & Fitch stock traded up $5.08 during mid-day trading on Thursday, hitting $77.69. The company had a trading volume of 927,711 shares, compared to its average volume of 2,041,414. Abercrombie & Fitch Co. has a 1 year low of $65.40 and a 1 year high of $196.99. The business has a fifty day moving average of $74.76 and a 200 day moving average of $110.61. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 7.68 and a beta of 1.47.

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

Abercrombie & Fitch announced that its board has authorized a stock buyback plan on Wednesday, March 5th that permits the company to repurchase $1.30 billion in shares. This repurchase authorization permits the apparel retailer to repurchase up to 29.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

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.