Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC trimmed its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 27.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,570 shares of the apparel retailer’s stock after selling 5,430 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Abercrombie & Fitch were worth $2,178,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ANF. Empirical Finance LLC grew its holdings in shares of Abercrombie & Fitch by 87.2% during the fourth quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer’s stock valued at $1,318,000 after buying an additional 4,108 shares in the last quarter. Lmcg Investments LLC grew its holdings in shares of Abercrombie & Fitch by 11.2% during the fourth quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer’s stock valued at $3,687,000 after buying an additional 2,479 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Abercrombie & Fitch by 3.1% during the fourth quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer’s stock valued at $23,699,000 after buying an additional 4,837 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Abercrombie & Fitch during the fourth quarter valued at $12,406,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Abercrombie & Fitch by 96.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,827 shares of the apparel retailer’s stock valued at $3,412,000 after buying an additional 11,208 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Raymond James set a $110.00 price target on Abercrombie & Fitch in a report on Thursday, March 6th. Barclays started coverage on Abercrombie & Fitch in a research note on Monday, April 21st. They issued an “equal weight” rating and a $71.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Abercrombie & Fitch from $168.00 to $155.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. UBS Group lowered their target price on Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, StockNews.com downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 9th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $119.63.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF opened at $81.41 on Wednesday. Abercrombie & Fitch Co. has a fifty-two week low of $65.40 and a fifty-two week high of $196.99. The business has a 50-day moving average of $74.93 and a two-hundred day moving average of $112.83. The stock has a market capitalization of $3.88 billion, a P/E ratio of 8.05 and a beta of 1.47.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.48 by $0.09. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the firm earned $2.97 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, research 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 repurchase program on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in shares. This repurchase authorization authorizes the apparel retailer to buy up to 29.5% of its shares through open market purchases. Shares repurchase programs are typically 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.