Fox Run Management L.L.C. Sells 6,642 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Fox Run Management L.L.C. cut its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 82.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,448 shares of the apparel retailer’s stock after selling 6,642 shares during the quarter. Fox Run Management L.L.C.’s holdings in Abercrombie & Fitch were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. KLP Kapitalforvaltning AS purchased a new stake in Abercrombie & Fitch during the fourth quarter worth about $1,868,000. AXQ Capital LP purchased a new stake in shares of Abercrombie & Fitch during the 4th quarter worth approximately $228,000. Hillsdale Investment Management Inc. raised its holdings in shares of Abercrombie & Fitch by 0.7% in the 4th quarter. Hillsdale Investment Management Inc. now owns 35,350 shares of the apparel retailer’s stock worth $5,284,000 after purchasing an additional 250 shares during the period. American Century Companies Inc. lifted its stake in Abercrombie & Fitch by 0.8% in the fourth quarter. American Century Companies Inc. now owns 680,930 shares of the apparel retailer’s stock valued at $101,779,000 after purchasing an additional 5,493 shares during the last quarter. Finally, Summit Global Investments purchased a new position in Abercrombie & Fitch in the fourth quarter valued at approximately $534,000.

Analysts Set New Price Targets

ANF has been the topic of several research reports. Morgan Stanley lowered 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. Citigroup lowered their price objective on Abercrombie & Fitch from $160.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Raymond James set a $110.00 target price on shares of Abercrombie & Fitch in a research report on Thursday, March 6th. JPMorgan Chase & Co. lowered their price target on shares of Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Finally, StockNews.com downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 9th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Abercrombie & Fitch has an average rating of “Moderate Buy” and an average target price of $140.88.

Abercrombie & Fitch Trading Down 1.1 %

Shares of NYSE:ANF opened at $76.65 on Friday. The company has a 50 day moving average of $100.75 and a 200 day moving average of $129.48. The stock has a market cap of $3.86 billion, a P/E ratio of 7.58 and a beta of 1.45. Abercrombie & Fitch Co. has a 12 month low of $74.31 and a 12 month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.48 by $0.09. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the business earned $2.97 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current fiscal year.

Abercrombie & Fitch announced that its board has authorized a stock 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 shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership 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.