Polaris Capital Management LLC Invests $1.04 Million in Abercrombie & Fitch Company $ANF

Polaris Capital Management LLC purchased a new position in shares of Abercrombie & Fitch Company (NYSE:ANF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,500 shares of the apparel retailer’s stock, valued at approximately $1,036,000.

Other hedge funds also recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new stake in shares of Abercrombie & Fitch during the second quarter worth about $38,000. UMB Bank n.a. raised its position in shares of Abercrombie & Fitch by 161.4% during the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer’s stock worth $45,000 after purchasing an additional 360 shares during the period. IFP Advisors Inc raised its position in shares of 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 purchasing an additional 530 shares during the period. Bayforest Capital Ltd raised its position in shares of 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 purchasing an additional 430 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of 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 purchasing an additional 527 shares during the period.

Abercrombie & Fitch Stock Down 1.5%

NYSE:ANF opened at $84.38 on Friday. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 7.98 and a beta of 1.45. 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 $93.62 and its two-hundred day moving average price is $84.07.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.05. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm 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, analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup reaffirmed a “neutral” rating and set a $105.00 price target 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 Abercrombie & Fitch in a research report on Thursday, September 18th. They issued a “buy” rating and a $120.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on 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 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. According to MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and an average price target of $115.78.

Insider Buying and Selling

In related news, Director James A. Goldman sold 5,072 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $96.18, for a total transaction of $487,824.96. Following the transaction, the director directly owned 7,565 shares of the company’s stock, valued at approximately $727,601.70. The trade was a 40.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jay Rust sold 1,500 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 6,648 shares in the company, valued at $619,261.20. The trade was a 18.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,964 shares of company stock valued at $759,233. 2.29% of the stock is owned by insiders.

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.