Abercrombie & Fitch Co. (NYSE:ANF) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 127,760.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,393 shares of the apparel retailer’s stock after acquiring an additional 6,388 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Abercrombie & Fitch were worth $954,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANF. Atria Investments Inc increased its stake in Abercrombie & Fitch by 5.4% during the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock worth $219,000 after acquiring an additional 80 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Abercrombie & Fitch during the third quarter worth about $238,000. Victory Capital Management Inc. increased its stake in Abercrombie & Fitch by 24.6% during the third quarter. Victory Capital Management Inc. now owns 36,838 shares of the apparel retailer’s stock worth $5,154,000 after acquiring an additional 7,267 shares during the last quarter. Royce & Associates LP grew its stake in shares of Abercrombie & Fitch by 14.0% in the third quarter. Royce & Associates LP now owns 7,457 shares of the apparel retailer’s stock valued at $1,043,000 after buying an additional 916 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in shares of Abercrombie & Fitch by 228.9% in the third quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer’s stock valued at $3,864,000 after buying an additional 19,222 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ANF shares. JPMorgan Chase & Co. lowered their target price on Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Morgan Stanley lowered their target price 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. Telsey Advisory Group lowered their target price on Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a research note 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. Finally, Citigroup lowered their target price on Abercrombie & Fitch from $160.00 to $135.00 and set a “buy” rating for the company 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $140.88.

Abercrombie & Fitch Stock Down 0.2 %

Shares of NYSE ANF opened at $82.44 on Friday. Abercrombie & Fitch Co. has a fifty-two week low of $74.31 and a fifty-two week high of $196.99. The business has a 50 day moving average price of $107.79 and a two-hundred day moving average price of $132.03. The firm has a market cap of $4.15 billion, a PE ratio of 8.15 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last released its 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 return on equity of 46.50% and a net margin of 11.16%. The company 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. Abercrombie & Fitch’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts anticipate that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch declared that its board has approved 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 buy up to 29.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.