Rockefeller Capital Management L.P. Has $3.87 Million Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Rockefeller Capital Management L.P. lifted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 107.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,887 shares of the apparel retailer’s stock after acquiring an additional 13,418 shares during the period. Rockefeller Capital Management L.P.’s holdings in Abercrombie & Fitch were worth $3,869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Invesco Ltd. raised its stake in Abercrombie & Fitch by 150.7% during the fourth quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer’s stock worth $221,910,000 after acquiring an additional 892,492 shares in the last quarter. Norges Bank bought a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at approximately $88,478,000. Wellington Management Group LLP increased its position in Abercrombie & Fitch by 20.8% during the 4th quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer’s stock worth $183,829,000 after purchasing an additional 212,155 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Abercrombie & Fitch during the 4th quarter worth approximately $31,371,000. Finally, Boston Partners bought a new position in Abercrombie & Fitch in the 4th quarter valued at approximately $28,327,000.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $73.28 on Friday. The firm has a market cap of $3.58 billion, a PE ratio of 7.25 and a beta of 1.41. Abercrombie & Fitch Co. has a 52-week low of $65.40 and a 52-week high of $196.99. The business’s 50 day moving average price is $85.02 and its two-hundred day moving average price is $121.99.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.09. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the firm earned $2.97 earnings per share. Abercrombie & Fitch’s revenue was up 9.1% on a year-over-year basis. Research analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch declared that its Board of Directors has authorized a share repurchase program on Wednesday, March 5th that permits the company to buyback $1.30 billion in outstanding shares. This buyback authorization permits the apparel retailer to purchase up to 29.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group lowered their price target 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. StockNews.com lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 9th. Morgan Stanley lowered their price objective on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 15th. Jefferies Financial Group cut their target price on Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Finally, Raymond James set a $110.00 price target on Abercrombie & Fitch in a research note on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and an average target price of $135.29.

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.