Signaturefd LLC lifted its stake in Abercrombie & Fitch Company (NYSE:ANF – Free Report) by 903.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,756 shares of the apparel retailer’s stock after acquiring an additional 1,581 shares during the quarter. Signaturefd LLC’s holdings in Abercrombie & Fitch were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. UMB Bank n.a. increased its stake in shares of Abercrombie & Fitch by 161.4% in the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer’s stock worth $45,000 after acquiring an additional 360 shares during the last quarter. IFP Advisors Inc increased its position in Abercrombie & Fitch by 166.7% during the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer’s stock worth $65,000 after buying an additional 530 shares during the last quarter. Bayforest Capital Ltd increased its position in Abercrombie & Fitch by 102.9% during the first quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer’s stock worth $65,000 after buying an additional 430 shares during the last quarter. Parallel Advisors LLC increased its position in Abercrombie & Fitch by 178.6% during the second quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer’s stock worth $68,000 after buying an additional 527 shares during the last quarter. Finally, Reyes Financial Architecture Inc. increased its position in Abercrombie & Fitch by 68.0% during the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer’s stock worth $69,000 after buying an additional 366 shares during the last quarter.
Analyst Ratings Changes
ANF has been the topic of several analyst reports. Citigroup reissued a “neutral” rating and set a $105.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Abercrombie & Fitch in a research report on Saturday, September 27th. BTIG Research initiated coverage on shares of Abercrombie & Fitch in a research report on Thursday, September 18th. They set a “buy” rating and a $120.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, August 28th. Finally, Morgan Stanley set a $93.00 target price on shares of Abercrombie & Fitch in a research report on Thursday, August 28th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.78.
Abercrombie & Fitch Stock Performance
NYSE ANF opened at $84.38 on Friday. The firm has a 50-day simple moving average of $93.62 and a 200 day simple moving average of $84.07. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $167.71. The stock has a market cap of $3.97 billion, a PE ratio of 7.98 and a beta of 1.45.
Abercrombie & Fitch (NYSE:ANF – Get Free Report) last released its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.05. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company earned $2.50 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. Research analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.
Insider Activity at Abercrombie & Fitch
In other Abercrombie & Fitch news, Director James A. Goldman sold 5,072 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $96.18, for a total transaction of $487,824.96. Following the completion of the transaction, the director owned 7,565 shares in the company, valued at $727,601.70. This trade represents a 40.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jay Rust sold 1,500 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $93.15, for a total transaction of $139,725.00. Following the transaction, the executive vice president owned 6,648 shares of the company’s stock, valued at approximately $619,261.20. This represents a 18.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,964 shares of company stock worth $759,233. Company insiders own 2.29% of the company’s stock.
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.
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