Ameriprise Financial Inc. Acquires 30,091 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Ameriprise Financial Inc. boosted its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 284,099 shares of the apparel retailer’s stock after buying an additional 30,091 shares during the period. Ameriprise Financial Inc.’s holdings in Abercrombie & Fitch were worth $42,151,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Algert Global LLC boosted its stake in Abercrombie & Fitch by 27.4% during the fourth quarter. Algert Global LLC now owns 51,538 shares of the apparel retailer’s stock valued at $7,703,000 after buying an additional 11,100 shares during the period. AXA S.A. boosted its stake in Abercrombie & Fitch by 9.9% during the fourth quarter. AXA S.A. now owns 79,350 shares of the apparel retailer’s stock valued at $11,860,000 after buying an additional 7,146 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in Abercrombie & Fitch by 51.2% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 44,033 shares of the apparel retailer’s stock valued at $6,582,000 after buying an additional 14,913 shares during the period. Freestone Grove Partners LP bought a new stake in Abercrombie & Fitch during the fourth quarter valued at $17,666,000. Finally, Triumph Capital Management lifted its stake in Abercrombie & Fitch by 21.0% during the fourth quarter. Triumph Capital Management now owns 2,790 shares of the apparel retailer’s stock worth $417,000 after purchasing an additional 484 shares during the last quarter.

Wall Street Analyst Weigh In

ANF has been the subject of several research analyst reports. UBS Group dropped their price target on Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Telsey Advisory Group dropped their price target on Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. StockNews.com lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 9th. JPMorgan Chase & Co. dropped their price target on Abercrombie & Fitch from $168.00 to $155.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Finally, Barclays initiated coverage on 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average price target of $119.63.

Abercrombie & Fitch Trading Down 0.1%

ANF opened at $73.20 on Monday. The company has a market cap of $3.49 billion, a P/E ratio of 7.24 and a beta of 1.47. The business’s 50-day moving average price is $75.16 and its 200-day moving average price is $113.49. 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 data on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, topping the consensus estimate of $3.48 by $0.09. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.97 earnings per share. Equities research analysts forecast that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current fiscal year.

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

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.