Caisse DE Depot ET Placement DU Quebec Raises Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Caisse DE Depot ET Placement DU Quebec raised its position in Abercrombie & Fitch Co. (NYSE:ANF) by 51.2% during the fourth quarter, HoldingsChannel reports. The firm owned 44,033 shares of the apparel retailer’s stock after buying an additional 14,913 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Abercrombie & Fitch were worth $6,582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Abercrombie & Fitch in the fourth quarter valued at $27,000. UMB Bank n.a. raised its position in shares of Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 107 shares in the last quarter. Fifth Third Bancorp lifted its stake in Abercrombie & Fitch by 56.2% during the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock worth $55,000 after purchasing an additional 132 shares during the last quarter. Private Trust Co. NA boosted its holdings in Abercrombie & Fitch by 30.9% in 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 in the last quarter. Finally, Parkside Financial Bank & Trust purchased a new position in Abercrombie & Fitch in the fourth quarter valued at approximately $69,000.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Telsey Advisory Group reduced their price objective on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Citigroup decreased their price objective on shares of Abercrombie & Fitch from $135.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Raymond James set a $110.00 target price on Abercrombie & Fitch in a report on Thursday, March 6th. UBS Group dropped their price target on Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Abercrombie & Fitch from $168.00 to $155.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.25.

Abercrombie & Fitch Trading Up 2.6 %

Abercrombie & Fitch stock opened at $70.79 on Friday. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 7.00 and a beta of 1.41. The stock has a 50 day moving average of $78.08 and a two-hundred day moving average of $116.64. Abercrombie & Fitch Co. has a twelve month low of $65.40 and a twelve month high of $196.99.

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 firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the firm earned $2.97 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities analysts predict that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch declared that its Board of Directors has authorized a share buyback program on Wednesday, March 5th that allows the company to buyback $1.30 billion in outstanding shares. This buyback authorization allows the apparel retailer to buy up to 29.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is 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.