Pinebridge Investments L.P. Purchases 4,337 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Pinebridge Investments L.P. lifted its position in Abercrombie & Fitch Co. (NYSE:ANF) by 50.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,965 shares of the apparel retailer’s stock after buying an additional 4,337 shares during the period. Pinebridge Investments L.P.’s holdings in Abercrombie & Fitch were worth $1,938,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ANF. Price T Rowe Associates Inc. MD grew its stake in Abercrombie & Fitch by 7.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 520,702 shares of the apparel retailer’s stock valued at $77,830,000 after acquiring an additional 37,752 shares during the period. Hsbc Holdings PLC grew its position in shares of Abercrombie & Fitch by 112.4% in the 4th quarter. Hsbc Holdings PLC now owns 23,991 shares of the apparel retailer’s stock valued at $3,562,000 after purchasing an additional 12,696 shares during the period. Stifel Financial Corp increased its stake in Abercrombie & Fitch by 200.1% during the 4th quarter. Stifel Financial Corp now owns 11,753 shares of the apparel retailer’s stock worth $1,757,000 after purchasing an additional 7,837 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Abercrombie & Fitch by 62.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,693 shares of the apparel retailer’s stock worth $851,000 after buying an additional 2,190 shares during the period. Finally, MML Investors Services LLC raised its holdings in Abercrombie & Fitch by 45.0% during the 4th quarter. MML Investors Services LLC now owns 18,803 shares of the apparel retailer’s stock worth $2,810,000 after buying an additional 5,832 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ANF shares. Barclays started coverage on shares of Abercrombie & Fitch in a research report on Monday, April 21st. They set an “equal weight” rating and a $71.00 price objective for the company. Jefferies Financial Group lowered their target price on Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their target price on Abercrombie & Fitch from $168.00 to $155.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. UBS Group reduced their price target 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, Raymond James set a $110.00 price objective on shares of Abercrombie & Fitch in a report on Thursday, March 6th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.25.

Abercrombie & Fitch Trading Down 2.0 %

NYSE ANF opened at $71.62 on Monday. Abercrombie & Fitch Co. has a 12 month low of $65.40 and a 12 month high of $196.99. The stock has a 50 day moving average of $81.32 and a 200-day moving average of $119.41. The company has a market cap of $3.50 billion, a PE ratio of 7.08 and a beta of 1.41.

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 during 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% on a year-over-year basis. During the same quarter last year, the firm posted $2.97 EPS. As a group, sell-side analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

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

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.