1,674 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,674 shares of the apparel retailer’s stock, valued at approximately $129,000.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth approximately $27,000. Private Trust Co. NA boosted its position in shares of Abercrombie & Fitch by 30.9% during the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer’s stock worth $62,000 after purchasing an additional 98 shares during the period. Parkside Financial Bank & Trust purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth approximately $69,000. GeoWealth Management LLC purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth approximately $70,000. Finally, UMB Bank n.a. boosted its position in shares of Abercrombie & Fitch by 161.4% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer’s stock worth $45,000 after purchasing an additional 360 shares during the period.

Analyst Ratings Changes

ANF has been the subject of a number of research analyst reports. Barclays set a $84.00 price objective on shares of Abercrombie & Fitch and gave the stock an “equal weight” rating in a research report on Thursday, May 29th. Wall Street Zen cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, March 9th. Citigroup reissued a “buy” rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Morgan Stanley raised their price target on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, May 29th. Finally, UBS Group reissued a “buy” rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $111.38.

Abercrombie & Fitch Stock Down 5.4%

Shares of ANF stock opened at $74.52 on Friday. Abercrombie & Fitch Co. has a 52 week low of $65.40 and a 52 week high of $189.82. The firm has a 50 day moving average of $75.27 and a two-hundred day moving average of $103.12. The stock has a market capitalization of $3.55 billion, a PE ratio of 7.37 and a beta of 1.47.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.24. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the business earned $2.14 EPS. The company’s revenue was up 7.5% on a year-over-year basis. Analysts expect that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 5th that permits the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization permits the apparel retailer to repurchase up to 29.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management 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.