1,424 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Acquired by Gallacher Capital Management LLC

Gallacher Capital Management LLC acquired a new position in shares of Abercrombie & Fitch Co. (NYSE:ANF) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,424 shares of the apparel retailer’s stock, valued at approximately $213,000.

A number of other institutional investors have also recently added to or reduced their stakes in ANF. Atria Investments Inc boosted its holdings in shares of Abercrombie & Fitch by 5.4% during the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock valued at $219,000 after acquiring an additional 80 shares during the period. Private Trust Co. NA boosted its stake in Abercrombie & Fitch by 30.9% during the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer’s stock valued at $62,000 after purchasing an additional 98 shares during the period. UMB Bank n.a. grew its position 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 purchasing an additional 107 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Abercrombie & Fitch by 0.8% in the fourth quarter. Arizona State Retirement System now owns 14,831 shares of the apparel retailer’s stock valued at $2,217,000 after purchasing an additional 115 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Abercrombie & Fitch by 1.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 9,047 shares of the apparel retailer’s stock valued at $1,392,000 after buying an additional 118 shares during the last quarter.

Abercrombie & Fitch Trading Up 5.0 %

Shares of NYSE ANF opened at $79.71 on Monday. Abercrombie & Fitch Co. has a twelve month low of $74.31 and a twelve month high of $196.99. The firm has a 50-day moving average of $113.46 and a two-hundred day moving average of $133.63. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 7.88 and a beta of 1.45.

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, topping analysts’ consensus estimates of $3.48 by $0.09. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.97 earnings per share. As a group, research analysts predict that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch declared that its Board of Directors has authorized a share buyback program on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization authorizes the apparel retailer to buy up to 29.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

ANF has been the subject of a number of recent analyst reports. Raymond James set a $110.00 price objective on Abercrombie & Fitch in a report on Thursday, March 6th. Citigroup decreased their price target on Abercrombie & Fitch from $160.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. UBS Group cut their price objective on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Jefferies Financial Group decreased their target price on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Telsey Advisory Group dropped their price target on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.88.

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.