Dynamic Technology Lab Private Ltd Decreases Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Dynamic Technology Lab Private Ltd trimmed its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 20.4% in the fourth quarter, HoldingsChannel reports. The firm owned 29,994 shares of the apparel retailer’s stock after selling 7,682 shares during the period. Abercrombie & Fitch makes up 0.7% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 3rd biggest position. Dynamic Technology Lab Private Ltd’s holdings in Abercrombie & Fitch were worth $4,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ANF. SBI Securities Co. Ltd. acquired a new position in shares of Abercrombie & Fitch during the fourth quarter worth approximately $27,000. UMB Bank n.a. lifted its holdings 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 buying an additional 107 shares in the last quarter. Fifth Third Bancorp boosted its position in Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock valued at $55,000 after buying an additional 132 shares during the last quarter. Private Trust Co. NA increased its stake in shares of 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 buying an additional 98 shares during the period. Finally, Parkside Financial Bank & Trust bought a new stake in shares of Abercrombie & Fitch during the fourth quarter worth $69,000.

Abercrombie & Fitch Stock Performance

ANF opened at $73.37 on Friday. The firm’s fifty day moving average is $95.74 and its two-hundred day moving average is $127.45. The firm has a market cap of $3.59 billion, a PE ratio of 7.26 and a beta of 1.41. Abercrombie & Fitch Co. has a twelve month low of $66.51 and a twelve month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, topping 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 business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the business posted $2.97 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities analysts forecast that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Citigroup lowered their price target on shares of Abercrombie & Fitch from $160.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Telsey Advisory Group cut their price objective on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. StockNews.com lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 9th. Finally, UBS Group cut their price target on Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and a consensus target price 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.