Russell Investments Group Ltd. Sells 16,261 Shares of Abercrombie & Fitch Company $ANF

Russell Investments Group Ltd. lessened its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 29.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,546 shares of the apparel retailer’s stock after selling 16,261 shares during the period. Russell Investments Group Ltd. owned 0.08% of Abercrombie & Fitch worth $2,944,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Mariner LLC increased its position in Abercrombie & Fitch by 5.9% in the fourth quarter. Mariner LLC now owns 8,262 shares of the apparel retailer’s stock worth $1,235,000 after purchasing an additional 458 shares during the last quarter. XTX Topco Ltd bought a new stake in Abercrombie & Fitch in the fourth quarter worth $230,000. First Trust Advisors LP increased its position in Abercrombie & Fitch by 8.7% in the fourth quarter. First Trust Advisors LP now owns 45,709 shares of the apparel retailer’s stock worth $6,832,000 after purchasing an additional 3,650 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Abercrombie & Fitch by 45.0% in the 4th quarter. MML Investors Services LLC now owns 18,803 shares of the apparel retailer’s stock valued at $2,810,000 after acquiring an additional 5,832 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Abercrombie & Fitch by 200.1% in the 4th quarter. Stifel Financial Corp now owns 11,753 shares of the apparel retailer’s stock valued at $1,757,000 after acquiring an additional 7,837 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Barclays set a $84.00 price target on shares of Abercrombie & Fitch and gave the company an “equal weight” rating in a report on Thursday, May 29th. Citigroup reaffirmed a “neutral” rating and issued a $105.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Raymond James Financial lowered their price target on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of Abercrombie & Fitch from $141.00 to $151.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and an average target price of $112.75.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $98.1190 on Monday. The company has a market cap of $4.67 billion, a P/E ratio of 9.66 and a beta of 1.54. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $171.47. The firm has a 50-day simple moving average of $91.07 and a two-hundred day simple moving average of $85.17.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.24. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.14 earnings per share. Abercrombie & Fitch has set its FY 2025 guidance at 9.500-10.500 EPS. Q2 2025 guidance at 2.100-2.300 EPS. As a group, equities research analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

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.