Lingohr Asset Management GmbH Invests $362,000 in Abercrombie & Fitch Co. (NYSE:ANF)

Lingohr Asset Management GmbH purchased a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,338 shares of the apparel retailer’s stock, valued at approximately $362,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atria Investments Inc grew its position in shares of Abercrombie & Fitch by 5.4% in the 3rd quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock worth $219,000 after buying an additional 80 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Abercrombie & Fitch during the 3rd quarter valued at about $238,000. Victory Capital Management Inc. boosted its holdings in shares of Abercrombie & Fitch by 24.6% during the 3rd quarter. Victory Capital Management Inc. now owns 36,838 shares of the apparel retailer’s stock valued at $5,154,000 after acquiring an additional 7,267 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Abercrombie & Fitch by 14.0% during the 3rd quarter. Royce & Associates LP now owns 7,457 shares of the apparel retailer’s stock valued at $1,043,000 after acquiring an additional 916 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Abercrombie & Fitch by 228.9% during the 3rd quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer’s stock valued at $3,864,000 after acquiring an additional 19,222 shares during the last quarter.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $82.31 on Thursday. Abercrombie & Fitch Co. has a 1 year low of $74.31 and a 1 year high of $196.99. The company has a 50 day simple moving average of $109.17 and a two-hundred day simple moving average of $132.38. The firm has a market cap of $4.15 billion, a P/E ratio of 8.14 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the firm posted $2.97 EPS. The company’s revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch announced that its Board of Directors has initiated a share repurchase plan on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in shares. This buyback authorization authorizes the apparel retailer to repurchase up to 29.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Raymond James set a $110.00 price objective on shares of Abercrombie & Fitch in a research note on Thursday, March 6th. Jefferies Financial Group lowered their price objective on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Telsey Advisory Group decreased their target price on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Morgan Stanley decreased 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Three 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.com, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and an average price target of $140.88.

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.