Fox Run Management L.L.C. Sells 6,642 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Fox Run Management L.L.C. decreased its position in Abercrombie & Fitch Co. (NYSE:ANF) by 82.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,448 shares of the apparel retailer’s stock after selling 6,642 shares during the period. Fox Run Management L.L.C.’s holdings in Abercrombie & Fitch were worth $216,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Everence Capital Management Inc. acquired a new position in shares of Abercrombie & Fitch in the 4th quarter valued at about $212,000. Empirical Finance LLC increased its holdings in Abercrombie & Fitch by 87.2% in the fourth quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer’s stock worth $1,318,000 after purchasing an additional 4,108 shares in the last quarter. Lmcg Investments LLC lifted its stake in Abercrombie & Fitch by 11.2% in the fourth quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer’s stock valued at $3,687,000 after buying an additional 2,479 shares during the period. Rhumbline Advisers boosted its holdings in shares of Abercrombie & Fitch by 3.1% during the 4th quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer’s stock worth $23,699,000 after buying an additional 4,837 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Abercrombie & Fitch during the 4th quarter worth approximately $12,406,000.

Abercrombie & Fitch Stock Down 1.1 %

Shares of Abercrombie & Fitch stock opened at $76.65 on Friday. Abercrombie & Fitch Co. has a 52 week low of $74.31 and a 52 week high of $196.99. The business has a 50 day moving average price of $100.75 and a 200-day moving average price of $129.48. The company has a market cap of $3.86 billion, a PE ratio of 7.58 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.48 by $0.09. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the business earned $2.97 EPS. The business’s revenue was up 9.1% on a year-over-year basis. As a group, research analysts anticipate that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

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

Wall Street Analyst Weigh In

ANF has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 15th. JPMorgan Chase & Co. dropped their price objective on shares of Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Jefferies Financial Group reduced 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. Citigroup decreased their target price on Abercrombie & Fitch from $160.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Finally, Raymond James set a $110.00 price target on Abercrombie & Fitch in a report on Thursday, March 6th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.88.

About Abercrombie & Fitch

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.