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

Signaturefd LLC lifted its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 309.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 823 shares of the apparel retailer’s stock after acquiring an additional 622 shares during the period. Signaturefd LLC’s holdings in Abercrombie & Fitch were worth $123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ANF. SBI Securities Co. Ltd. purchased a new stake in Abercrombie & Fitch during the 4th quarter valued at $27,000. UMB Bank n.a. raised 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 during the last quarter. Private Trust Co. NA lifted its holdings in shares of Abercrombie & Fitch by 604.4% during the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 272 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Abercrombie & Fitch by 56.2% during the fourth 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 last quarter. Finally, Parkside Financial Bank & Trust bought a new stake in Abercrombie & Fitch in the 4th quarter worth about $69,000.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Morgan Stanley lowered 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 note on Wednesday, January 15th. UBS Group cut their target price on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Raymond James set a $110.00 price target on Abercrombie & Fitch in a report on Thursday, March 6th. Telsey Advisory Group cut 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. Finally, Jefferies Financial Group lowered their target price on Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.88.

Abercrombie & Fitch Stock Performance

NYSE ANF opened at $79.35 on Monday. The business’s fifty day moving average is $106.14 and its 200 day moving average is $131.42. Abercrombie & Fitch Co. has a fifty-two week low of $74.31 and a fifty-two week high of $196.99. The company has a market capitalization of $4.00 billion, a PE ratio of 7.85 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.48 by $0.09. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.97 EPS. On average, sell-side analysts forecast that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch announced that its Board of Directors has initiated 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors 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.