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% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,350 shares of the apparel retailer’s stock after buying an additional 250 shares during the period. Hillsdale Investment Management Inc.’s holdings in Abercrombie & Fitch were worth $5,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in ANF. Everence Capital Management Inc. purchased a new stake in shares of Abercrombie & Fitch in the 4th quarter worth approximately $212,000. Empirical Finance LLC lifted its position in shares of Abercrombie & Fitch by 87.2% in the 4th quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer’s stock worth $1,318,000 after purchasing an additional 4,108 shares during the period. Lmcg Investments LLC lifted its position in shares of Abercrombie & Fitch by 11.2% in the 4th quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer’s stock worth $3,687,000 after purchasing an additional 2,479 shares during the period. Mutual of America Capital Management LLC lifted its position in shares of 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 worth $3,864,000 after purchasing an additional 19,222 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Abercrombie & Fitch by 3.1% in the 4th quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer’s stock worth $23,699,000 after purchasing an additional 4,837 shares during the period.

Wall Street Analyst Weigh In

ANF has been the subject of several research reports. StockNews.com cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, March 9th. JPMorgan Chase & Co. reduced their price objective on shares of Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. UBS Group reduced their price objective on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Citigroup reduced their price objective 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. Finally, Jefferies Financial Group reduced their price objective on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.88.

Abercrombie & Fitch Trading Down 3.6 %

Shares of Abercrombie & Fitch 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 firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 7.85 and a beta of 1.45. The firm’s 50 day simple moving average is $106.14 and its two-hundred day simple moving average is $131.56.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business posted $2.97 EPS. Abercrombie & Fitch’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, sell-side analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch announced that its board has authorized a share buyback program on Wednesday, March 5th that allows the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization allows the apparel retailer to reacquire up to 29.5% of its stock through open market purchases. Stock repurchase programs are typically a sign 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.