Xponance Inc. Grows Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Xponance Inc. boosted its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,283 shares of the apparel retailer’s stock after acquiring an additional 402 shares during the period. Xponance Inc.’s holdings in Abercrombie & Fitch were worth $1,089,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Atria Investments Inc raised its position in Abercrombie & Fitch by 5.4% in the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock valued at $219,000 after purchasing an additional 80 shares during the period. Private Trust Co. NA raised its holdings in Abercrombie & Fitch by 30.9% in the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer’s stock valued at $62,000 after buying an additional 98 shares during the period. UMB Bank n.a. lifted its position in Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 107 shares during the last quarter. Arizona State Retirement System boosted its stake in Abercrombie & Fitch by 0.8% during the fourth quarter. Arizona State Retirement System now owns 14,831 shares of the apparel retailer’s stock worth $2,217,000 after buying an additional 115 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of Abercrombie & Fitch by 1.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 9,047 shares of the apparel retailer’s stock valued at $1,392,000 after acquiring an additional 118 shares during the last quarter.

Abercrombie & Fitch Stock Performance

ANF stock opened at $79.35 on Monday. The company’s 50 day moving average price is $106.14 and its 200 day moving average price is $131.42. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 7.85 and a beta of 1.45. Abercrombie & Fitch Co. has a fifty-two week low of $74.31 and a fifty-two week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 11.16% and a return on equity of 46.50%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.97 EPS. Equities analysts forecast that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

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

Analyst Ratings Changes

Several brokerages have recently commented on ANF. Raymond James set a $110.00 price objective on shares of Abercrombie & Fitch in a report on Thursday, March 6th. StockNews.com cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 9th. Morgan Stanley decreased their target price on 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. UBS Group dropped their target price on Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Finally, Telsey Advisory Group cut their price target 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. Three 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 presently has an average rating of “Moderate Buy” and an average target price 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.