Securian Asset Management Inc. Sells 233 Shares of Abercrombie & Fitch Company $ANF

Securian Asset Management Inc. lessened its position in Abercrombie & Fitch Company (NYSE:ANF) by 6.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,628 shares of the apparel retailer’s stock after selling 233 shares during the period. Securian Asset Management Inc.’s holdings in Abercrombie & Fitch were worth $301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Abercrombie & Fitch during the second quarter valued at approximately $1,937,000. Easterly Investment Partners LLC lifted its position in Abercrombie & Fitch by 73.8% during the second quarter. Easterly Investment Partners LLC now owns 61,909 shares of the apparel retailer’s stock valued at $5,129,000 after purchasing an additional 26,282 shares during the period. Arista Wealth Management LLC bought a new position in Abercrombie & Fitch during the second quarter valued at approximately $331,000. Stratos Wealth Advisors LLC raised its position in Abercrombie & Fitch by 16.8% in the second quarter. Stratos Wealth Advisors LLC now owns 26,324 shares of the apparel retailer’s stock worth $2,181,000 after acquiring an additional 3,781 shares during the period. Finally, Nordea Investment Management AB raised its position in Abercrombie & Fitch by 35.2% in the second quarter. Nordea Investment Management AB now owns 37,055 shares of the apparel retailer’s stock worth $3,102,000 after acquiring an additional 9,645 shares during the period.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director James A. Goldman sold 5,072 shares of Abercrombie & Fitch 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 directly owned 7,565 shares of the company’s stock, valued at $727,601.70. This trade represents a 40.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kenneth B. Robinson sold 1,392 shares of Abercrombie & Fitch stock in a transaction on Friday, September 5th. The stock was 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 $556,248. The trade was a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety 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 analysts have weighed in on ANF shares. BTIG Research started coverage on shares of Abercrombie & Fitch in a research report on Thursday, September 18th. They issued a “buy” rating and a $120.00 price target on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Abercrombie & Fitch in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $103.00 price target on shares of Abercrombie & Fitch in a research report on Monday, October 6th. Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research report on Friday, September 12th. Finally, Morgan Stanley set a $93.00 price target on shares of Abercrombie & Fitch in a research report on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $111.11.

Abercrombie & Fitch Stock Performance

ANF opened at $70.47 on Friday. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 6.67 and a beta of 1.45. The company has a fifty day moving average of $85.47 and a 200 day moving average of $83.68. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last posted 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. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. Abercrombie & Fitch’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $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 research analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

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.