Signaturefd LLC Buys 622 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Signaturefd LLC boosted its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 309.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 823 shares of the apparel retailer’s stock after acquiring an additional 622 shares during the quarter. Signaturefd LLC’s holdings in Abercrombie & Fitch were worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ANF. JPMorgan Chase & Co. dropped their target price on shares of Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Telsey Advisory Group dropped their price objective on Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Raymond James set a $110.00 target price on Abercrombie & Fitch in a research note on Thursday, March 6th. Jefferies Financial Group dropped their price target on Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Finally, UBS Group cut their price target 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus price target of $140.88.

Abercrombie & Fitch Trading Down 3.6 %

Shares of Abercrombie & Fitch stock opened at $79.35 on Monday. 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 P/E ratio of 7.85 and a beta of 1.45. The business has a fifty day simple moving average of $106.14 and a two-hundred day simple moving average of $131.42.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 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 quarter in the previous year, the firm posted $2.97 earnings per share. Abercrombie & Fitch’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts predict that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch declared that its board has authorized a share buyback plan on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in shares. This buyback authorization authorizes the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are 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.