Dynamic Technology Lab Private Ltd Has $4.48 Million Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Dynamic Technology Lab Private Ltd trimmed its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 20.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,994 shares of the apparel retailer’s stock after selling 7,682 shares during the period. Abercrombie & Fitch accounts for about 0.7% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 3rd largest position. Dynamic Technology Lab Private Ltd owned approximately 0.06% of Abercrombie & Fitch worth $4,483,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $27,000. UMB Bank n.a. raised its holdings in Abercrombie & Fitch by 92.2% in 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 during the period. Fifth Third Bancorp lifted its position in Abercrombie & Fitch by 56.2% during the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock worth $55,000 after acquiring an additional 132 shares during the last quarter. Private Trust Co. NA boosted its holdings in Abercrombie & Fitch by 30.9% during the fourth quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer’s stock valued at $62,000 after acquiring an additional 98 shares during the period. Finally, Parkside Financial Bank & Trust acquired a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at about $69,000.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Telsey Advisory Group decreased their target price on Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a research note 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 note on Wednesday, January 15th. JPMorgan Chase & Co. cut their target price on shares of Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. UBS Group decreased their price target on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Finally, StockNews.com lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, March 9th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $140.88.

Abercrombie & Fitch Stock Performance

Shares of Abercrombie & Fitch stock opened at $73.37 on Friday. Abercrombie & Fitch Co. has a twelve month low of $66.51 and a twelve month high of $196.99. The firm has a market cap of $3.59 billion, a P/E ratio of 7.26 and a beta of 1.41. The firm’s 50-day simple moving average is $95.74 and its 200-day simple moving average is $127.45.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.48 by $0.09. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.97 EPS. On average, equities analysts forecast that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current fiscal year.

Abercrombie & Fitch announced that its Board of Directors has approved a stock buyback plan on Wednesday, March 5th that permits the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization permits the apparel retailer to buy up to 29.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.