Allianz Asset Management GmbH Sells 215,091 Shares of Abercrombie & Fitch Company $ANF

Allianz Asset Management GmbH trimmed its position in shares of Abercrombie & Fitch Company (NYSE:ANF) by 51.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,886 shares of the apparel retailer’s stock after selling 215,091 shares during the period. Allianz Asset Management GmbH owned about 0.42% of Abercrombie & Fitch worth $16,561,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ANF. GAMMA Investing LLC raised its stake in shares of Abercrombie & Fitch by 81.5% during the first quarter. GAMMA Investing LLC now owns 1,917 shares of the apparel retailer’s stock valued at $146,000 after acquiring an additional 861 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Abercrombie & Fitch by 11.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,013 shares of the apparel retailer’s stock valued at $536,000 after acquiring an additional 698 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Abercrombie & Fitch by 4.8% during the first quarter. Retirement Systems of Alabama now owns 151,057 shares of the apparel retailer’s stock valued at $11,536,000 after acquiring an additional 6,982 shares during the last quarter. 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 acquiring an additional 9,719 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in shares of Abercrombie & Fitch by 50.5% during the first quarter. Illinois Municipal Retirement Fund now owns 15,145 shares of the apparel retailer’s stock valued at $1,157,000 after acquiring an additional 5,081 shares during the last quarter.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,392 shares of the firm’s stock in a transaction that occurred 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 owned 5,880 shares of the company’s stock, valued at approximately $556,248. This trade represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James A. Goldman sold 5,072 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $96.18, for a total transaction of $487,824.96. Following the sale, the director owned 7,565 shares in the company, valued at approximately $727,601.70. The trade was a 40.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,964 shares of company stock valued at $759,233. Corporate insiders own 2.29% of the company’s stock.

Abercrombie & Fitch Stock Performance

Shares of NYSE ANF opened at $66.66 on Tuesday. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $164.80. The company has a 50 day simple moving average of $87.81 and a two-hundred day simple moving average of $83.77. 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 announced its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm earned $2.50 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. 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, analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ANF has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $103.00 price objective on shares of Abercrombie & Fitch in a research note on Monday, October 6th. Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research note on Friday, September 12th. Morgan Stanley set a $93.00 price target on shares of Abercrombie & Fitch in a research note on Thursday, August 28th. BTIG Research assumed coverage on shares of Abercrombie & Fitch in a research note on Thursday, September 18th. They issued a “buy” rating and a $120.00 price target for the company. Finally, Raymond James Financial set a $105.00 price target on shares of Abercrombie & Fitch and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Five 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.11.

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.