Sei Investments Co. Has $4.64 Million Holdings in Abercrombie & Fitch Co. (NYSE:ANF)

Sei Investments Co. lowered its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 16.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 31,036 shares of the apparel retailer’s stock after selling 5,928 shares during the period. Sei Investments Co.’s holdings in Abercrombie & Fitch were worth $4,640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of Abercrombie & Fitch by 5.5% during the third quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer’s stock valued at $171,815,000 after purchasing an additional 63,157 shares in the last quarter. Wellington Management Group LLP increased its stake in Abercrombie & Fitch by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock valued at $142,379,000 after buying an additional 204,901 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Abercrombie & Fitch by 23.2% during the 4th quarter. Fisher Asset Management LLC now owns 701,798 shares of the apparel retailer’s stock worth $104,898,000 after buying an additional 131,970 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Abercrombie & Fitch by 0.8% in the 4th quarter. American Century Companies Inc. now owns 680,930 shares of the apparel retailer’s stock worth $101,779,000 after buying an additional 5,493 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of Abercrombie & Fitch by 1.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 616,228 shares of the apparel retailer’s stock valued at $92,108,000 after acquiring an additional 9,248 shares in the last quarter.

Abercrombie & Fitch Stock Up 5.6 %

ANF opened at $83.19 on Thursday. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 8.23 and a beta of 1.45. The firm has a 50-day moving average price of $97.81 and a 200-day moving average price of $128.28. Abercrombie & Fitch Co. has a twelve month low of $73.39 and a twelve month high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results 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. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the firm posted $2.97 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, sell-side analysts expect that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current fiscal year.

Abercrombie & Fitch announced that its board has authorized a share buyback program 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 programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Jefferies Financial Group dropped their price target on Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. UBS Group cut their price target on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Raymond James set a $110.00 price objective on shares of Abercrombie & Fitch in a report on Thursday, March 6th. Morgan Stanley lowered their price objective on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, March 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.88.

Abercrombie & Fitch 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.