Concurrent Investment Advisors LLC Acquires New Position in Abercrombie & Fitch Company $ANF

Concurrent Investment Advisors LLC acquired a new stake in Abercrombie & Fitch Company (NYSE:ANF) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,070 shares of the apparel retailer’s stock, valued at approximately $254,000.

Several other large investors have also bought and sold shares of the business. Lmcg Investments LLC lifted its holdings in Abercrombie & Fitch by 96.3% in the second quarter. Lmcg Investments LLC now owns 45,847 shares of the apparel retailer’s stock valued at $3,798,000 after buying an additional 22,486 shares during the period. Blair William & Co. IL acquired a new position in Abercrombie & Fitch in the second quarter valued at approximately $207,000. Fluent Financial LLC acquired a new position in Abercrombie & Fitch in the second quarter valued at approximately $2,237,000. KLP Kapitalforvaltning AS lifted its holdings in Abercrombie & Fitch by 21.4% in the second quarter. KLP Kapitalforvaltning AS now owns 14,200 shares of the apparel retailer’s stock valued at $1,176,000 after buying an additional 2,500 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in Abercrombie & Fitch by 1.8% in the second quarter. Valeo Financial Advisors LLC now owns 9,569 shares of the apparel retailer’s stock valued at $793,000 after buying an additional 173 shares during the period.

Insider Activity at Abercrombie & Fitch

In related news, Director James A. Goldman sold 5,072 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $96.18, for a total value of $487,824.96. Following the completion of the transaction, the director owned 7,565 shares of the company’s stock, valued at approximately $727,601.70. This trade represents a 40.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth B. Robinson sold 1,392 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $94.60, for a total transaction of $131,683.20. Following the completion of the transaction, the director directly owned 5,880 shares of the company’s stock, valued at approximately $556,248. This trade represents a 19.14% 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 valued at $759,233. Corporate insiders own 2.29% of the company’s stock.

Analyst Upgrades and Downgrades

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

Abercrombie & Fitch Stock Down 2.7%

Shares of ANF stock opened at $66.66 on Tuesday. The firm has a fifty day moving average of $87.81 and a 200-day moving average of $83.77. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $164.80. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 6.31 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (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 net margin of 10.61% and a return on equity of 40.02%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.50 earnings per share. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. On average, equities 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.