Illinois Municipal Retirement Fund Purchases 28,511 Shares of Abercrombie & Fitch Company $ANF

Illinois Municipal Retirement Fund boosted its position in Abercrombie & Fitch Company (NYSE:ANF) by 188.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 43,656 shares of the apparel retailer’s stock after acquiring an additional 28,511 shares during the period. Illinois Municipal Retirement Fund owned 0.09% of Abercrombie & Fitch worth $3,617,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANF. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Abercrombie & Fitch by 115.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 249,174 shares of the apparel retailer’s stock worth $20,644,000 after acquiring an additional 133,284 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Abercrombie & Fitch by 75.6% in the second quarter. Parkside Financial Bank & Trust now owns 1,303 shares of the apparel retailer’s stock valued at $108,000 after acquiring an additional 561 shares during the period. Penserra Capital Management LLC purchased a new position in Abercrombie & Fitch during the second quarter valued at approximately $681,000. EFG Asset Management North America Corp. increased its holdings in Abercrombie & Fitch by 33.3% during the 2nd quarter. EFG Asset Management North America Corp. now owns 43,349 shares of the apparel retailer’s stock worth $3,590,000 after acquiring an additional 10,828 shares during the period. Finally, Timelo Investment Management Inc. purchased a new stake in Abercrombie & Fitch in the 2nd quarter worth approximately $1,077,000.

Insider Buying and Selling

In related news, Director James A. Goldman sold 5,072 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $96.18, for a total value of $487,824.96. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth B. Robinson sold 1,392 shares of the company’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 value of $131,683.20. Following 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,964 shares of company stock valued at $759,233 over the last ninety days. 2.29% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Morgan Stanley set a $93.00 target price on Abercrombie & Fitch in a research note on Thursday, August 28th. BTIG Research began coverage on shares of Abercrombie & Fitch in a research note on Thursday, September 18th. They issued a “buy” rating and a $120.00 target price on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research report on Friday, September 12th. Raymond James Financial set a $105.00 target price on shares of Abercrombie & Fitch and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $107.00.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $71.14 on Thursday. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $164.80. The firm has a market cap of $3.35 billion, a PE ratio of 6.73 and a beta of 1.44. The business has a 50 day moving average price of $79.40 and a 200-day moving average price of $83.59.

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 analysts’ consensus estimates of $2.27 by $0.05. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Research analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

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.