Abercrombie & Fitch Co. (NYSE:ANF) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. raised its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 48.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,107 shares of the apparel retailer’s stock after acquiring an additional 2,952 shares during the quarter. Meeder Asset Management Inc.’s holdings in Abercrombie & Fitch were worth $1,361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ANF. SBI Securities Co. Ltd. acquired a new position in Abercrombie & Fitch in the 4th quarter valued at $27,000. UMB Bank n.a. grew its holdings in shares of Abercrombie & Fitch by 92.2% during the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after buying an additional 107 shares in the last quarter. Private Trust Co. NA raised its position in shares of Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after buying an additional 272 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Abercrombie & Fitch by 56.2% in the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock worth $55,000 after buying an additional 132 shares in the last quarter. Finally, Parkside Financial Bank & Trust acquired a new position in Abercrombie & Fitch during the fourth quarter worth about $69,000.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Morgan Stanley cut their price objective on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. Telsey Advisory Group cut their price target on Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. lowered their price objective on Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Jefferies Financial Group cut their target price on Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Finally, StockNews.com lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 9th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.88.

Abercrombie & Fitch Stock Down 1.1 %

Shares of Abercrombie & Fitch stock opened at $76.65 on Monday. The business’s fifty day simple moving average is $100.75 and its 200-day simple moving average is $129.47. The firm has a market cap of $3.86 billion, a PE ratio of 7.58 and a beta of 1.45. Abercrombie & Fitch Co. has a 52 week low of $74.31 and a 52 week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its 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 analyst estimates of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.97 earnings per share. As a group, equities analysts expect that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch declared that its board has approved a share repurchase program on Wednesday, March 5th that permits the company to buyback $1.30 billion in outstanding shares. This buyback authorization permits the apparel retailer to purchase up to 29.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership 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.