Wealth Enhancement Advisory Services LLC Has $944,000 Stock Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Wealth Enhancement Advisory Services LLC decreased its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 41.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,315 shares of the apparel retailer’s stock after selling 4,401 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Abercrombie & Fitch were worth $944,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Private Trust Co. NA grew its stake in shares of Abercrombie & Fitch by 30.9% in the fourth quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer’s stock worth $62,000 after acquiring an additional 98 shares during the last quarter. Virtue Capital Management LLC boosted its stake in Abercrombie & Fitch by 1.3% during the fourth quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer’s stock worth $1,229,000 after buying an additional 102 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in Abercrombie & Fitch by 2.0% during the fourth quarter. Evergreen Capital Management LLC now owns 5,460 shares of the apparel retailer’s stock worth $816,000 after buying an additional 108 shares in the last quarter. Arizona State Retirement System boosted its stake in Abercrombie & Fitch by 0.8% during the fourth quarter. Arizona State Retirement System now owns 14,831 shares of the apparel retailer’s stock worth $2,217,000 after buying an additional 115 shares in the last quarter. Finally, Atria Investments Inc boosted its stake in Abercrombie & Fitch by 7.4% during the fourth quarter. Atria Investments Inc now owns 1,679 shares of the apparel retailer’s stock worth $251,000 after buying an additional 115 shares in the last quarter.

Abercrombie & Fitch Stock Down 1.2%

Abercrombie & Fitch stock opened at $81.98 on Tuesday. The stock has a 50-day simple moving average of $74.66 and a 200 day simple moving average of $104.48. Abercrombie & Fitch Co. has a 12-month low of $65.40 and a 12-month high of $194.38. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 8.11 and a beta of 1.47.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.24. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the business posted $2.14 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch announced that its Board of Directors has approved a share buyback program on Wednesday, March 5th that permits the company to repurchase $1.30 billion in shares. This repurchase authorization permits the apparel retailer to repurchase up to 29.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have weighed in on ANF. Morgan Stanley lifted their price target on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 29th. Wall Street Zen downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 9th. Citigroup reissued a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. UBS Group reissued a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus price target of $111.38.

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.