Hillsdale Investment Management Inc. Grows Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Hillsdale Investment Management Inc. raised its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,350 shares of the apparel retailer’s stock after acquiring an additional 250 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.07% of Abercrombie & Fitch worth $5,284,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ANF. Atria Investments Inc increased its holdings in Abercrombie & Fitch by 5.4% in the 3rd quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock valued at $219,000 after acquiring an additional 80 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Abercrombie & Fitch by 24.6% in the 3rd quarter. Victory Capital Management Inc. now owns 36,838 shares of the apparel retailer’s stock valued at $5,154,000 after acquiring an additional 7,267 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in Abercrombie & Fitch by 228.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer’s stock valued at $3,864,000 after acquiring an additional 19,222 shares during the last quarter. Quest Partners LLC increased its holdings in Abercrombie & Fitch by 960.9% in the 3rd quarter. Quest Partners LLC now owns 2,493 shares of the apparel retailer’s stock valued at $349,000 after acquiring an additional 2,258 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in Abercrombie & Fitch in the 3rd quarter valued at $263,000.

Wall Street Analysts Forecast Growth

ANF has been the topic of a number of research reports. 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 report on Wednesday, March 5th. Raymond James set a $110.00 target price on shares of Abercrombie & Fitch in a report on Thursday, March 6th. Jefferies Financial Group reduced their target price on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Citigroup reduced their target price on shares of Abercrombie & Fitch from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Finally, UBS Group reduced their target price on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and an average target price of $140.88.

Abercrombie & Fitch Trading Down 3.6 %

ANF stock opened at $79.35 on Friday. Abercrombie & Fitch Co. has a 12 month low of $74.31 and a 12 month high of $196.99. The company has a 50-day moving average price of $106.14 and a 200 day moving average price of $131.56. The stock has a market cap of $4.00 billion, a PE ratio of 7.85 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the company earned $2.97 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts forecast that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch announced that its board has initiated a stock repurchase plan on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in shares. This repurchase authorization authorizes the apparel retailer to repurchase up to 29.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors 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.