Abercrombie & Fitch Co. (NYSE:ANF) Stake Lifted by Moran Wealth Management LLC

Moran Wealth Management LLC lifted its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 24.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,407 shares of the apparel retailer’s stock after purchasing an additional 9,686 shares during the quarter. Moran Wealth Management LLC’s holdings in Abercrombie & Fitch were worth $7,385,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of ANF. SBI Securities Co. Ltd. bought a new position in shares of Abercrombie & Fitch in the fourth quarter worth $27,000. UMB Bank n.a. grew its stake in shares of Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 107 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 123 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 272 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Abercrombie & Fitch by 56.2% in the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock worth $55,000 after purchasing an additional 132 shares in the last quarter.

Analyst Ratings Changes

ANF has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. UBS Group dropped their price target on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Jefferies Financial Group cut their price target on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Morgan Stanley lowered their price objective on shares of 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. Finally, Raymond James set a $110.00 target price on shares of Abercrombie & Fitch in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and an average target price of $140.88.

Abercrombie & Fitch Stock Down 9.1 %

ANF opened at $78.16 on Tuesday. The business has a fifty day simple moving average of $119.47 and a 200-day simple moving average of $135.94. The firm has a market cap of $3.94 billion, a PE ratio of 7.73 and a beta of 1.45. Abercrombie & Fitch Co. has a fifty-two week low of $77.19 and a fifty-two week high of $196.99.

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

Abercrombie & Fitch announced that its Board of Directors has initiated a stock repurchase program on Wednesday, March 5th that allows the company to repurchase $1.30 billion in shares. This repurchase authorization allows the apparel retailer to purchase up to 29.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management 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.