Cetera Investment Advisers Has $9.12 Million Stake in Abercrombie & Fitch Co. (NYSE:ANF)

Cetera Investment Advisers grew its holdings in Abercrombie & Fitch Co. (NYSE:ANF) by 78.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,005 shares of the apparel retailer’s stock after buying an additional 26,774 shares during the period. Cetera Investment Advisers owned 0.12% of Abercrombie & Fitch worth $9,118,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ANF. Franklin Resources Inc. lifted its position in shares of Abercrombie & Fitch by 2.1% in the third quarter. Franklin Resources Inc. now owns 48,338 shares of the apparel retailer’s stock valued at $6,762,000 after buying an additional 976 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Abercrombie & Fitch by 10.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 5,482 shares of the apparel retailer’s stock worth $819,000 after purchasing an additional 519 shares during the period. Gateway Investment Advisers LLC bought a new position in shares of Abercrombie & Fitch during the fourth quarter worth approximately $2,539,000. Wedge Capital Management L L P NC increased its stake in shares of Abercrombie & Fitch by 3.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 374,061 shares of the apparel retailer’s stock worth $55,911,000 after purchasing an additional 11,582 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Abercrombie & Fitch by 92.2% during the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 107 shares during the period.

Abercrombie & Fitch Trading Down 0.1%

ANF stock opened at $73.20 on Monday. The firm has a 50-day moving average price of $75.16 and a 200-day moving average price of $113.49. Abercrombie & Fitch Co. has a 12 month low of $65.40 and a 12 month high of $196.99. The stock has a market capitalization of $3.49 billion, a P/E ratio of 7.24 and a beta of 1.47.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.48 by $0.09. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $2.97 earnings per share. As a group, equities analysts predict that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal 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 shares. This repurchase authorization permits the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

ANF has been the topic of a number of recent research reports. StockNews.com lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 9th. Citigroup dropped their price objective on Abercrombie & Fitch from $135.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Raymond James set a $110.00 target price on Abercrombie & Fitch in a report on Thursday, March 6th. Morgan Stanley dropped their price target on Abercrombie & Fitch from $114.00 to $78.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Abercrombie & Fitch from $168.00 to $155.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $119.63.

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.