Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lowered its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,450 shares of the apparel retailer’s stock after selling 4,498 shares during the quarter. Corebridge Financial Inc. owned approximately 0.16% of Abercrombie & Fitch worth $12,324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ANF. SBI Securities Co. Ltd. acquired a new position in Abercrombie & Fitch in the 4th quarter valued at $27,000. UMB Bank n.a. lifted its position in Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 107 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 272 shares during the period. Fifth Third Bancorp boosted its position in shares of Abercrombie & Fitch by 56.2% during the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock worth $55,000 after buying an additional 132 shares during the period. Finally, Parkside Financial Bank & Trust purchased a new position in Abercrombie & Fitch during the 4th quarter valued at about $69,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ANF. StockNews.com downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 9th. 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 decreased 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. UBS Group cut their target price on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, Citigroup decreased 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 note on Thursday, March 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $140.88.

Abercrombie & Fitch Trading Down 3.4 %

ANF stock opened at $76.67 on Wednesday. The stock has a market cap of $3.86 billion, a P/E ratio of 7.58 and a beta of 1.45. Abercrombie & Fitch Co. has a twelve month low of $74.31 and a twelve month high of $196.99. The company’s 50 day moving average is $103.92 and its two-hundred day moving average is $130.62.

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

Abercrombie & Fitch declared that its board has initiated 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 stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.