Victory Capital Management Inc. Sells 11,471 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Victory Capital Management Inc. lowered its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 31.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,367 shares of the apparel retailer’s stock after selling 11,471 shares during the quarter. Victory Capital Management Inc. owned about 0.05% of Abercrombie & Fitch worth $3,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of Abercrombie & Fitch by 5.5% in the third quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer’s stock worth $171,815,000 after buying an additional 63,157 shares during the period. Wellington Management Group LLP raised its stake in shares of Abercrombie & Fitch by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock worth $142,379,000 after buying an additional 204,901 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Abercrombie & Fitch by 7.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer’s stock worth $121,733,000 after buying an additional 60,022 shares during the period. Fisher Asset Management LLC raised its stake in Abercrombie & Fitch by 23.2% during 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 period. Finally, Allianz Asset Management GmbH lifted its holdings in Abercrombie & Fitch by 0.8% in the 4th quarter. Allianz Asset Management GmbH now owns 533,853 shares of the apparel retailer’s stock worth $79,795,000 after purchasing an additional 4,019 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Raymond James set a $110.00 price target on Abercrombie & Fitch in a research note on Thursday, March 6th. Jefferies Financial Group cut their target price on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Telsey Advisory Group cut 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. Morgan Stanley cut their target price on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 15th. Finally, Citigroup cut their target price on shares of Abercrombie & Fitch from $160.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $140.88.

Abercrombie & Fitch Stock Up 5.0 %

ANF stock opened at $79.71 on Friday. Abercrombie & Fitch Co. has a 52 week low of $74.31 and a 52 week high of $196.99. The company has a fifty day simple moving average of $113.46 and a two-hundred day simple moving average of $133.66. The firm has a market capitalization of $4.02 billion, a P/E ratio of 7.88 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, beating the consensus estimate 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 last year, the business earned $2.97 earnings per share. Abercrombie & Fitch’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts anticipate that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch announced that its board has initiated a stock buyback program on Wednesday, March 5th that permits the company to repurchase $1.30 billion in shares. This repurchase authorization permits the apparel retailer to buy up to 29.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

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.