Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Inceptionr LLC

Inceptionr LLC decreased its position in Abercrombie & Fitch Co. (NYSE:ANF) by 23.5% in the 4th quarter, Holdings Channel reports. The fund owned 3,509 shares of the apparel retailer’s stock after selling 1,080 shares during the period. Inceptionr LLC’s holdings in Abercrombie & Fitch were worth $524,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Westfield Capital Management Co. LP purchased a new position in shares of Abercrombie & Fitch during the 3rd quarter valued at approximately $73,048,000. Raymond James Financial Inc. bought a new stake in Abercrombie & Fitch in the fourth quarter valued at $31,371,000. Wellington Management Group LLP lifted its stake in Abercrombie & Fitch by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock valued at $142,379,000 after buying an additional 204,901 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Abercrombie & Fitch by 23.2% during the fourth quarter. Fisher Asset Management LLC now owns 701,798 shares of the apparel retailer’s stock valued at $104,898,000 after purchasing an additional 131,970 shares during the period. Finally, Bridgewater Associates LP increased its holdings in shares of Abercrombie & Fitch by 561.7% during the third quarter. Bridgewater Associates LP now owns 125,550 shares of the apparel retailer’s stock valued at $17,564,000 after purchasing an additional 106,577 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price target on Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating on the stock in a report on Wednesday. UBS Group decreased their price target on Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday. Citigroup decreased their price objective on Abercrombie & Fitch from $160.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday. StockNews.com lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Morgan Stanley reduced their price target on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and an average target price of $147.75.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $86.16 on Friday. The stock’s 50 day simple moving average is $121.00 and its 200 day simple moving average is $136.79. Abercrombie & Fitch Co. has a twelve month low of $79.77 and a twelve month high of $196.99. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 8.52 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results 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 company 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 revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.97 EPS. On average, analysts forecast that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

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

About Abercrombie & Fitch

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.