Fund 1 Investments LLC Makes New $224,000 Investment in Abercrombie & Fitch Co. (NYSE:ANF)

Fund 1 Investments LLC acquired a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,500 shares of the apparel retailer’s stock, valued at approximately $224,000.

A number of other institutional investors have also modified their holdings of ANF. Eisler Capital Management Ltd. bought a new position in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $3,128,000. Deutsche Bank AG grew its stake in Abercrombie & Fitch by 27.1% during the 4th quarter. Deutsche Bank AG now owns 50,221 shares of the apparel retailer’s stock worth $7,507,000 after buying an additional 10,698 shares during the last quarter. Cetera Investment Advisers lifted its stake in Abercrombie & Fitch by 78.2% in the fourth quarter. Cetera Investment Advisers now owns 61,005 shares of the apparel retailer’s stock valued at $9,118,000 after buying an additional 26,774 shares during the last quarter. Bosun Asset Management LLC boosted its holdings in shares of Abercrombie & Fitch by 13.2% during the fourth quarter. Bosun Asset Management LLC now owns 4,887 shares of the apparel retailer’s stock valued at $730,000 after acquiring an additional 570 shares during the period. Finally, Bridgeway Capital Management LLC grew its position in shares of Abercrombie & Fitch by 2.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 50,857 shares of the apparel retailer’s stock worth $7,602,000 after acquiring an additional 1,223 shares during the last quarter.

Abercrombie & Fitch Trading Down 0.1 %

Shares of Abercrombie & Fitch stock opened at $73.20 on Friday. Abercrombie & Fitch Co. has a 52 week low of $65.40 and a 52 week high of $196.99. The company’s 50-day moving average price is $75.16 and its two-hundred day moving average price is $113.93. The stock has a market cap of $3.49 billion, a PE ratio of 7.24 and a beta of 1.47.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, beating the consensus estimate of $3.48 by $0.09. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates 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 in the prior year, the business earned $2.97 earnings per share. On average, equities analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch announced that its Board of Directors has approved a stock repurchase plan on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in shares. This buyback authorization authorizes the apparel retailer to repurchase up to 29.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ANF. Telsey Advisory Group reduced their target price on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. StockNews.com cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, March 9th. Morgan Stanley reduced their price target on Abercrombie & Fitch from $114.00 to $78.00 and set an “equal weight” rating for the company in a research report on Tuesday. Jefferies Financial Group lowered their price target on Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Finally, UBS Group decreased their target price on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $119.63.

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.