State of New Jersey Common Pension Fund D Purchases 5,599 Shares of Abercrombie & Fitch Company $ANF

State of New Jersey Common Pension Fund D grew its position in shares of Abercrombie & Fitch Company (NYSE:ANF) by 29.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,537 shares of the apparel retailer’s stock after purchasing an additional 5,599 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.05% of Abercrombie & Fitch worth $2,033,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ANF. AQR Capital Management LLC raised its holdings in Abercrombie & Fitch by 198.2% during the 1st quarter. AQR Capital Management LLC now owns 1,955,927 shares of the apparel retailer’s stock worth $144,582,000 after purchasing an additional 1,300,070 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Abercrombie & Fitch by 3,113.1% during the 1st quarter. Pacer Advisors Inc. now owns 506,088 shares of the apparel retailer’s stock worth $38,650,000 after purchasing an additional 490,337 shares during the last quarter. Nuveen LLC bought a new stake in shares of Abercrombie & Fitch in the 1st quarter valued at $32,924,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at $26,681,000. Finally, Swedbank AB bought a new stake in shares of Abercrombie & Fitch in the 1st quarter valued at $12,502,000.

Insider Buying and Selling at Abercrombie & Fitch

In other news, Director James A. Goldman sold 5,072 shares of the company’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 sale, the director owned 7,565 shares in the company, valued at $727,601.70. This represents a 40.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jay Rust sold 1,500 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $93.15, for a total transaction of $139,725.00. Following the completion of the sale, the executive vice president owned 6,648 shares of the company’s stock, valued at approximately $619,261.20. The trade was a 18.41% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 7,964 shares of company stock worth $759,233. Insiders own 2.29% of the company’s stock.

Abercrombie & Fitch Stock Performance

ANF stock opened at $73.20 on Thursday. The company has a market capitalization of $3.45 billion, a P/E ratio of 6.92 and a beta of 1.45. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $164.80. The business has a 50-day simple moving average of $84.25 and a two-hundred day simple moving average of $83.72.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. The business 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 company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $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, sell-side analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ANF. Citigroup reiterated a “neutral” rating and issued a $105.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, August 20th. Raymond James Financial set a $105.00 price objective on shares of Abercrombie & Fitch and gave the company an “outperform” rating in a research note on Thursday, August 28th. Zacks Research lowered shares of Abercrombie & Fitch from a “hold” rating to a “strong sell” rating in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on shares of Abercrombie & Fitch from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research note on Friday, September 12th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Abercrombie & Fitch has an average rating of “Hold” and an average target price of $109.89.

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.