Lisanti Capital Growth LLC Has $3.09 Million Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Lisanti Capital Growth LLC grew its position in Abercrombie & Fitch Co. (NYSE:ANF) by 645.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,650 shares of the apparel retailer’s stock after buying an additional 17,880 shares during the period. Lisanti Capital Growth LLC’s holdings in Abercrombie & Fitch were worth $3,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Abercrombie & Fitch in the 4th quarter valued at $27,000. UMB Bank n.a. grew its holdings in shares of Abercrombie & Fitch by 92.2% in the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 107 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 123 shares during the period. Private Trust Co. NA boosted its stake in Abercrombie & Fitch by 604.4% in the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 272 shares during the period. Finally, Fifth Third Bancorp boosted its stake in Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock worth $55,000 after purchasing an additional 132 shares during the period.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF opened at $83.67 on Friday. The company’s 50-day moving average price is $123.78 and its two-hundred day moving average price is $137.94. Abercrombie & Fitch Co. has a one year low of $79.77 and a one year high of $196.99. The stock has a market capitalization of $4.21 billion, a PE ratio of 8.28 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last issued 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 net margin of 11.16% and a return on equity of 46.50%. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the firm posted $2.97 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts anticipate 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 initiated a share 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 purchase up to 29.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ANF. JPMorgan Chase & Co. reduced 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. Jefferies Financial Group reduced 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 note on Wednesday. Telsey Advisory Group reduced their target price on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday. Raymond James reduced their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. Finally, StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Saturday, March 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and an average price target of $147.75.

About Abercrombie & Fitch

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.