Abercrombie & Fitch Co. (NYSE:ANF) Shares Purchased by Trek Financial LLC

Trek Financial LLC raised its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 40.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,637 shares of the apparel retailer’s stock after acquiring an additional 763 shares during the period. Trek Financial LLC’s holdings in Abercrombie & Fitch were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Everence Capital Management Inc. acquired a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $212,000. Empirical Finance LLC grew its holdings in Abercrombie & Fitch by 87.2% in the 4th quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer’s stock valued at $1,318,000 after buying an additional 4,108 shares in the last quarter. Lmcg Investments LLC increased its stake in shares of Abercrombie & Fitch by 11.2% in the 4th quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer’s stock worth $3,687,000 after acquiring an additional 2,479 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Abercrombie & Fitch by 3.1% during the 4th quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer’s stock worth $23,699,000 after acquiring an additional 4,837 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Abercrombie & Fitch during the 4th quarter valued at about $12,406,000.

Abercrombie & Fitch Stock Down 1.0 %

ANF opened at $72.58 on Tuesday. The firm has a market cap of $3.55 billion, a P/E ratio of 7.18 and a beta of 1.41. Abercrombie & Fitch Co. has a 52 week low of $65.57 and a 52 week high of $196.99. The business has a fifty day simple moving average of $94.80 and a 200-day simple moving average of $126.87.

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

Abercrombie & Fitch announced that its board has initiated a share buyback program on Wednesday, March 5th that allows the company to buyback $1.30 billion in outstanding shares. This buyback authorization allows the apparel retailer to purchase up to 29.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group cut their price objective on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price target on shares of Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. StockNews.com lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, March 9th. UBS Group reduced their target price on Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Finally, Raymond James set a $110.00 price target on Abercrombie & Fitch in a report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Abercrombie & Fitch has an average rating of “Moderate Buy” and an average price target of $140.88.

About Abercrombie & Fitch

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.