Brevan Howard Capital Management LP purchased a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,941 shares of the apparel retailer's stock, valued at approximately $1,187,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Everence Capital Management Inc. acquired a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at about $212,000. Empirical Finance LLC grew 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 valued at $1,318,000 after purchasing an additional 4,108 shares during the period. Lmcg Investments LLC increased its position in shares of 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 in the last quarter. Rhumbline Advisers raised its stake 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 during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Abercrombie & Fitch during the 4th quarter valued at approximately $12,406,000.

ANF has been the subject of several recent analyst reports. StockNews.com lowered shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Sunday, March 9th. Morgan Stanley reduced their price target on shares of Abercrombie & Fitch from $114.00 to $78.00 and set an "equal weight" rating for the company in a research report on Tuesday. Citigroup decreased their price target on shares of Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group cut their price objective 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. Finally, Barclays began coverage on Abercrombie & Fitch in a research report on Monday, April 21st. They issued an "equal weight" rating and a $71.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch has a consensus rating of "Moderate Buy" and a consensus price target of $119.63.

View Our Latest Analysis on ANF

ANF stock opened at $69.67 on Thursday. Abercrombie & Fitch Co. has a 1 year low of $65.40 and a 1 year high of $196.99. The firm has a market capitalization of $3.32 billion, a PE ratio of 6.89 and a beta of 1.47. The business has a 50 day simple moving average of $76.09 and a 200-day simple moving average of $115.09.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, topping 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 analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm earned $2.97 EPS. The company's quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts expect 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 buyback $1.30 billion in outstanding shares. This buyback authorization permits the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its shares are undervalued.

(Free Report)

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.

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