31,358 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Acquired by Easterly Investment Partners LLC

Easterly Investment Partners LLC bought a new position in Abercrombie & Fitch Co. (NYSE:ANF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,358 shares of the apparel retailer’s stock, valued at approximately $4,687,000. Easterly Investment Partners LLC owned about 0.06% of Abercrombie & Fitch as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in ANF. Raymond James Financial Inc. purchased a new stake in shares of Abercrombie & Fitch in the 4th quarter worth $31,371,000. Wellington Management Group LLP lifted its holdings in Abercrombie & Fitch by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock worth $142,379,000 after purchasing an additional 204,901 shares in the last quarter. Boston Partners bought a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $28,327,000. Fisher Asset Management LLC boosted its position in shares of Abercrombie & Fitch by 23.2% during the fourth quarter. Fisher Asset Management LLC now owns 701,798 shares of the apparel retailer’s stock worth $104,898,000 after acquiring an additional 131,970 shares during the last quarter. Finally, Bridgewater Associates LP increased its holdings in Abercrombie & Fitch by 561.7% in the 3rd quarter. Bridgewater Associates LP now owns 125,550 shares of the apparel retailer’s stock valued at $17,564,000 after acquiring an additional 106,577 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup lowered 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 report on Thursday, March 6th. Morgan Stanley cut their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 15th. JPMorgan Chase & Co. dropped their price objective on Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. StockNews.com lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 9th. Finally, Telsey Advisory Group decreased their price objective on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.88.

Abercrombie & Fitch Stock Down 0.9 %

ANF opened at $75.87 on Thursday. The company has a market cap of $3.82 billion, a P/E ratio of 7.50 and a beta of 1.45. Abercrombie & Fitch Co. has a 52-week low of $74.31 and a 52-week high of $196.99. The firm’s 50-day moving average price is $102.83 and its 200-day moving average price is $130.24.

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 analysts’ consensus estimates of $3.48 by $0.09. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $2.97 EPS. On average, research analysts anticipate that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch declared that its Board of Directors has initiated a share buyback plan on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in shares. This repurchase authorization authorizes the apparel retailer to purchase up to 29.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is 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.