Abercrombie & Fitch Company $ANF Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 21.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 14,200 shares of the apparel retailer’s stock after buying an additional 2,500 shares during the period. KLP Kapitalforvaltning AS’s holdings in Abercrombie & Fitch were worth $1,176,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Abercrombie & Fitch by 197.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,647 shares of the apparel retailer’s stock valued at $1,119,000 after purchasing an additional 9,719 shares during the period. Fred Alger Management LLC acquired a new stake in Abercrombie & Fitch in the first quarter worth about $1,462,000. Wealth Enhancement Advisory Services LLC raised its position in Abercrombie & Fitch by 11.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,013 shares of the apparel retailer’s stock worth $536,000 after acquiring an additional 698 shares in the last quarter. Swedbank AB raised its position in Abercrombie & Fitch by 48.1% in the second quarter. Swedbank AB now owns 242,468 shares of the apparel retailer’s stock worth $20,088,000 after acquiring an additional 78,769 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in Abercrombie & Fitch during the 2nd quarter worth about $782,000.

Analysts Set New Price Targets

ANF has been the topic of a number of research reports. Morgan Stanley set a $93.00 target price on Abercrombie & Fitch in a report on Thursday, August 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Friday, September 12th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $103.00 target price on shares of Abercrombie & Fitch in a research note on Monday, October 6th. BTIG Research began coverage on Abercrombie & Fitch in a research note on Thursday, September 18th. They set a “buy” rating and a $120.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Abercrombie & Fitch in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $111.11.

Abercrombie & Fitch Stock Down 0.7%

NYSE:ANF opened at $72.40 on Wednesday. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $167.71. The stock’s 50 day moving average price is $90.50 and its two-hundred day moving average price is $83.92. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 6.85 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, topping the consensus estimate of $2.27 by $0.05. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.50 EPS. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. As a group, analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction on Friday, August 29th. The stock was sold at an average price of $93.15, for a total value of $139,725.00. Following the completion of the transaction, the executive vice president directly owned 6,648 shares of the company’s stock, valued at $619,261.20. The trade was a 18.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth B. Robinson sold 1,392 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $94.60, for a total value of $131,683.20. Following the sale, the director owned 5,880 shares of the company’s stock, valued at approximately $556,248. This represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,964 shares of company stock valued at $759,233 in the last three months. Corporate insiders own 2.29% of the company’s stock.

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.