Intech Investment Management LLC Has $4.70 Million Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Intech Investment Management LLC grew its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,439 shares of the apparel retailer’s stock after buying an additional 2,828 shares during the quarter. Intech Investment Management LLC owned 0.06% of Abercrombie & Fitch worth $4,699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $27,000. UMB Bank n.a. boosted its holdings 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 valued at $33,000 after buying an additional 107 shares during the period. Private Trust Co. NA boosted its holdings 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 valued at $44,000 after buying an additional 272 shares during the period. Fifth Third Bancorp boosted its holdings 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 valued at $55,000 after buying an additional 132 shares during the period. Finally, Parkside Financial Bank & Trust acquired a new position in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $69,000.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. Raymond James set a $110.00 target price on shares of Abercrombie & Fitch in a report on Thursday, March 6th. Jefferies Financial Group reduced their target price 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. Citigroup reduced their target price on shares of Abercrombie & Fitch from $160.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Finally, UBS Group reduced their target price on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $140.88.

Abercrombie & Fitch Price Performance

Shares of ANF stock opened at $79.69 on Wednesday. The stock has a market cap of $4.01 billion, a P/E ratio of 7.88 and a beta of 1.45. The company has a fifty day moving average price of $110.56 and a two-hundred day moving average price of $132.73. Abercrombie & Fitch Co. has a one year low of $74.31 and a one year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.48 by $0.09. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.97 earnings per share. As a group, equities 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 authorized a stock buyback plan on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in outstanding 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 board of directors 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.