Abercrombie & Fitch Company $ANF Stake Decreased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. reduced its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 87.0% during the 2nd quarter, Holdings Channel reports. The fund owned 80,872 shares of the apparel retailer’s stock after selling 540,362 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Abercrombie & Fitch were worth $6,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in shares of Abercrombie & Fitch by 198.2% in the first 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 in the last quarter. American Century Companies Inc. grew its position in Abercrombie & Fitch by 18.5% in the 1st quarter. American Century Companies Inc. now owns 806,980 shares of the apparel retailer’s stock valued at $61,629,000 after buying an additional 126,050 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Abercrombie & Fitch by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 549,081 shares of the apparel retailer’s stock valued at $41,934,000 after buying an additional 28,379 shares during the period. Boston Partners raised its position in shares of Abercrombie & Fitch by 106.4% during the 2nd quarter. Boston Partners now owns 540,134 shares of the apparel retailer’s stock worth $45,911,000 after buying an additional 278,466 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of 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 buying an additional 490,337 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup decreased their price objective on shares of Abercrombie & Fitch from $105.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday, November 4th. UBS Group cut their target price on Abercrombie & Fitch from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on Abercrombie & Fitch from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a research report on Thursday, October 30th. Finally, BTIG Research assumed coverage on Abercrombie & Fitch in a report on Thursday, September 18th. They issued a “buy” rating and a $120.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Hold” and an average target price of $106.44.

Insider Transactions at Abercrombie & Fitch

In related news, EVP Jay Rust sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $93.15, for a total value of $139,725.00. Following the completion of the transaction, the executive vice president owned 6,648 shares of the company’s stock, valued at approximately $619,261.20. This trade represents a 18.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kenneth B. Robinson sold 1,392 shares of the business’s stock in a transaction 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 sale, the director directly owned 5,880 shares in the company, valued at approximately $556,248. This trade represents a 19.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,964 shares of company stock valued at $759,233 over the last ninety days. Corporate insiders own 2.29% of the company’s stock.

Abercrombie & Fitch Stock Up 0.5%

Shares of NYSE ANF opened at $71.61 on Friday. The stock’s fifty day simple moving average is $78.97 and its 200 day simple moving average is $83.51. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 6.77 and a beta of 1.44. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly 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. The business had revenue of $1.21 billion during 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%.Abercrombie & Fitch’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the company 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. As a group, analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share 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.