Abercrombie & Fitch Co. (NYSE:ANF) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its position in Abercrombie & Fitch Co. (NYSE:ANF) by 16.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,036 shares of the apparel retailer’s stock after selling 5,928 shares during the quarter. Sei Investments Co. owned 0.06% of Abercrombie & Fitch worth $4,640,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Abercrombie & Fitch during the fourth quarter worth about $27,000. UMB Bank n.a. grew its holdings in Abercrombie & Fitch by 92.2% in the 4th 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. Fifth Third Bancorp increased its position in Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock valued at $55,000 after acquiring an additional 132 shares during the period. Private Trust Co. NA increased its holdings in shares of Abercrombie & Fitch by 30.9% during the fourth quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer’s stock valued at $62,000 after purchasing an additional 98 shares during the period. Finally, Parkside Financial Bank & Trust acquired a new stake in Abercrombie & Fitch in the fourth quarter worth about $69,000.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $83.19 on Thursday. Abercrombie & Fitch Co. has a fifty-two week low of $73.39 and a fifty-two week high of $196.99. The stock has a market capitalization of $4.19 billion, a PE ratio of 8.23 and a beta of 1.45. The business has a fifty day moving average price of $97.81 and a two-hundred day moving average price of $128.28.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, beating the consensus estimate of $3.48 by $0.09. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.97 EPS. On average, equities analysts expect that Abercrombie & Fitch Co. will post 10.62 EPS for the current year.

Abercrombie & Fitch declared that its Board of Directors has initiated a share repurchase program on Wednesday, March 5th that permits the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization permits the apparel retailer to purchase up to 29.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

ANF has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Telsey Advisory Group cut their price objective on Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Citigroup lowered their target price on Abercrombie & Fitch from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. JPMorgan Chase & Co. reduced their target price on shares of Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Finally, Raymond James set a $110.00 price target on Abercrombie & Fitch in a report on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.88.

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.