5,032 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Acquired by Taika Capital LP

Taika Capital LP bought a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,032 shares of the apparel retailer’s stock, valued at approximately $752,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ANF. US Bancorp DE boosted its holdings in shares of Abercrombie & Fitch by 62.2% during the 3rd quarter. US Bancorp DE now owns 1,476 shares of the apparel retailer’s stock worth $206,000 after buying an additional 566 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after buying an additional 123 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Abercrombie & Fitch by 18.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,619 shares of the apparel retailer’s stock worth $1,625,000 after buying an additional 1,831 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Abercrombie & Fitch by 1,718.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 8,929 shares of the apparel retailer’s stock worth $1,249,000 after buying an additional 8,438 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of Abercrombie & Fitch by 50.5% during the 3rd quarter. Amalgamated Bank now owns 23,404 shares of the apparel retailer’s stock worth $3,274,000 after buying an additional 7,856 shares during the period.

Abercrombie & Fitch Stock Up 3.1 %

Shares of ANF stock opened at $86.16 on Monday. The firm has a fifty day moving average of $121.00 and a 200-day moving average of $136.55. Abercrombie & Fitch Co. has a 12-month low of $79.77 and a 12-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 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.09. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $2.97 EPS. On average, equities analysts expect that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch declared that its Board of Directors has authorized a stock repurchase program on Wednesday, March 5th that allows the company to buyback $1.30 billion in shares. This buyback authorization allows the apparel retailer to purchase up to 29.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ANF shares. Raymond James reduced their price objective on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. StockNews.com cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday. JPMorgan Chase & Co. reduced their price objective on Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Morgan Stanley reduced their price objective on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 15th. Finally, Citigroup reduced 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.75.

Abercrombie & Fitch Company 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.