NewEdge Advisors LLC Has $52,000 Position in Abercrombie & Fitch Co. (NYSE:ANF)

NewEdge Advisors LLC cut its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 66.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 351 shares of the apparel retailer’s stock after selling 687 shares during the quarter. NewEdge Advisors LLC’s holdings in Abercrombie & Fitch were worth $52,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ANF. SBI Securities Co. Ltd. acquired a new stake in Abercrombie & Fitch in the 4th quarter valued at about $27,000. UMB Bank n.a. grew its stake in shares of Abercrombie & Fitch by 92.2% during the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 107 shares during the last quarter. Fifth Third Bancorp raised its position in Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock worth $55,000 after purchasing an additional 132 shares during the last quarter. Private Trust Co. NA lifted its holdings in Abercrombie & Fitch by 30.9% during the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer’s stock worth $62,000 after buying an additional 98 shares in the last quarter. Finally, Parkside Financial Bank & Trust acquired a new position in Abercrombie & Fitch during the 4th quarter worth $69,000.

Analyst Ratings Changes

ANF has been the subject of a number of recent research reports. Jefferies Financial Group dropped their target price on Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Morgan Stanley cut their target price on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 15th. Barclays assumed coverage on shares of Abercrombie & Fitch in a research note on Monday, April 21st. They set an “equal weight” rating and a $71.00 price target for the company. Raymond James set a $110.00 price objective on shares of Abercrombie & Fitch in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Abercrombie & Fitch from $168.00 to $155.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.25.

Abercrombie & Fitch Trading Up 2.6 %

Shares of Abercrombie & Fitch stock opened at $70.79 on Friday. The stock’s fifty day simple moving average is $78.08 and its 200 day simple moving average is $116.64. The company has a market capitalization of $3.46 billion, a PE ratio of 7.00 and a beta of 1.41. Abercrombie & Fitch Co. has a 12 month low of $65.40 and a 12 month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results 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 return on equity of 46.50% and a net margin of 11.16%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the firm posted $2.97 earnings per share. Abercrombie & Fitch’s revenue was up 9.1% compared to the same quarter last year. Analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch declared that its Board of Directors has authorized a share buyback program 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 programs are often an indication that the company’s management 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.