Securian Asset Management Inc. Reduces Stock Position in Abercrombie & Fitch Company $ANF

Securian Asset Management Inc. reduced its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 6.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new position in shares of Abercrombie & Fitch in the 2nd quarter worth $38,000. IFP Advisors Inc boosted its stake in shares of Abercrombie & Fitch by 166.7% during the 1st 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 boosted its stake in shares of Abercrombie & Fitch by 102.9% during the 1st 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. Parallel Advisors LLC boosted its stake in shares of Abercrombie & Fitch by 178.6% during the 2nd 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. Finally, Reyes Financial Architecture Inc. boosted its stake in shares of Abercrombie & Fitch by 68.0% during the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer’s stock worth $69,000 after purchasing an additional 366 shares during the period.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $70.47 on Friday. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $164.80. The company has a 50-day moving average of $85.47 and a 200 day moving average of $83.68. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 6.67 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.19 billion. During the same quarter in the previous year, the business posted $2.50 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. 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 anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on ANF. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price target on shares of Abercrombie & Fitch in a research note on Friday, September 12th. 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $103.00 price target on shares of Abercrombie & Fitch in a research note on Monday, October 6th. Morgan Stanley set a $93.00 price target on shares of Abercrombie & Fitch in a research note on Thursday, August 28th. Finally, BTIG Research assumed coverage on shares of Abercrombie & Fitch in a report on Thursday, September 18th. They set a “buy” rating and a $120.00 price objective for the company. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and an average price target of $111.11.

Insider Activity

In other news, Director Kenneth B. Robinson sold 1,392 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $94.60, for a total value of $131,683.20. Following the completion of the sale, the director owned 5,880 shares in the company, valued at approximately $556,248. The trade was a 19.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James A. Goldman sold 5,072 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $96.18, for a total transaction of $487,824.96. Following the completion of the sale, the director owned 7,565 shares of the company’s stock, valued at approximately $727,601.70. This represents a 40.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,964 shares of company stock worth $759,233. 2.29% of the stock is currently owned by corporate insiders.

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.