Log In

Centiva Capital LP Reduces Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Published 1 week ago5 minute read

Centiva Capital LP lowered its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF - Free Report) by 27.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,798 shares of the apparel retailer's stock after selling 4,491 shares during the quarter. Centiva Capital LP's holdings in Abercrombie & Fitch were worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Everence Capital Management Inc. purchased a new stake in shares of Abercrombie & Fitch in the 4th quarter worth about $212,000. Empirical Finance LLC increased its stake in shares of Abercrombie & Fitch by 87.2% during 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 in the last quarter. Lmcg Investments LLC lifted its holdings in shares of Abercrombie & Fitch by 11.2% during the fourth quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer's stock valued at $3,687,000 after purchasing an additional 2,479 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Abercrombie & Fitch by 3.1% in the 4th quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer's stock worth $23,699,000 after purchasing an additional 4,837 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Abercrombie & Fitch in the 4th quarter worth approximately $12,406,000.

Several equities research analysts have commented on ANF shares. Morgan Stanley dropped their target price on Abercrombie & Fitch from $114.00 to $78.00 and set an "equal weight" rating on the stock in a report on Tuesday. Jefferies Financial Group dropped their price target on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. StockNews.com lowered shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Citigroup dropped their target price 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Abercrombie & Fitch from $168.00 to $155.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $119.63.

View Our Latest Stock Analysis on Abercrombie & Fitch

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

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.48 by $0.09. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.97 EPS. As a group, research analysts forecast that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch declared that its board has authorized a share repurchase 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 buy up to 29.5% of its stock through open market purchases. Stock buyback plans are often 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.

Institutional Ownership by Quarter for Abercrombie & Fitch (NYSE:ANF)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Abercrombie & Fitch, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Abercrombie & Fitch wasn't on the list.

While Abercrombie & Fitch currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report

Origin:
publisher logo
MarketBeat
Loading...
Loading...
Loading...

You may also like...