denkapparat Operations GmbH Takes $210,000 Position in Abercrombie & Fitch Co. (NYSE:ANF)

denkapparat Operations GmbH purchased a new position in Abercrombie & Fitch Co. (NYSE:ANF) in the 4th quarter, Holdings Channel.com reports. The firm purchased 1,404 shares of the apparel retailer’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Abercrombie & Fitch in the 4th quarter worth approximately $88,478,000. Raymond James Financial Inc. bought a new stake in Abercrombie & Fitch in the fourth quarter valued at $31,371,000. Wellington Management Group LLP raised its stake in Abercrombie & Fitch by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock worth $142,379,000 after acquiring an additional 204,901 shares in the last quarter. Boston Partners bought a new position in shares of Abercrombie & Fitch during the fourth quarter valued at $28,327,000. Finally, Fisher Asset Management LLC boosted its stake in shares of Abercrombie & Fitch by 23.2% in the 4th 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 in the last quarter.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $76.65 on Friday. Abercrombie & Fitch Co. has a fifty-two week low of $74.31 and a fifty-two week high of $196.99. The firm has a market capitalization of $3.86 billion, a P/E ratio of 7.58 and a beta of 1.45. The company’s 50 day simple moving average is $100.75 and its 200 day simple moving average is $129.48.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the business posted $2.97 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts expect that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

ANF has been the subject of several analyst reports. Telsey Advisory Group cut their price target on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. UBS Group reduced their target price on Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Morgan Stanley dropped 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. Raymond James set a $110.00 price objective on Abercrombie & Fitch in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their target price on Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus 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.