denkapparat Operations GmbH Makes New Investment in Abercrombie & Fitch Co. (NYSE:ANF)

denkapparat Operations GmbH purchased a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,404 shares of the apparel retailer’s stock, valued at approximately $210,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Abercrombie & Fitch by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,755,692 shares of the apparel retailer’s stock valued at $860,303,000 after acquiring an additional 53,999 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Abercrombie & Fitch by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer’s stock worth $171,815,000 after purchasing an additional 63,157 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Abercrombie & Fitch by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock valued at $142,379,000 after purchasing an additional 204,901 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Abercrombie & Fitch by 23.2% in the 4th quarter. Fisher Asset Management LLC now owns 701,798 shares of the apparel retailer’s stock valued at $104,898,000 after purchasing an additional 131,970 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings 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 worth $101,779,000 after purchasing an additional 5,493 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have weighed in on ANF shares. Telsey Advisory Group reduced their price target on Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Jefferies Financial Group decreased their target price on Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. StockNews.com lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, March 9th. Citigroup decreased their price objective on shares of Abercrombie & Fitch from $160.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Finally, Raymond James set a $110.00 target price on shares of Abercrombie & Fitch in a report on Thursday, March 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch has an average rating of “Moderate Buy” and an average price target of $140.88.

Abercrombie & Fitch Price Performance

NYSE:ANF opened at $76.65 on Friday. Abercrombie & Fitch Co. has a one year low of $74.31 and a one year high of $196.99. The company has a fifty day moving average price of $100.75 and a 200 day moving average price 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 (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. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business earned $2.97 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch announced that its Board of Directors has authorized a stock buyback 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 buy up to 29.5% of its shares through open market purchases. Shares buyback programs are often 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.