Brandywine Global Investment Management LLC Takes Position in Abercrombie & Fitch Company $ANF

Brandywine Global Investment Management LLC purchased a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 744,026 shares of the apparel retailer’s stock, valued at approximately $61,643,000. Brandywine Global Investment Management LLC owned approximately 1.56% of Abercrombie & Fitch at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ANF. Fred Alger Management LLC bought a new position in Abercrombie & Fitch in the 1st quarter worth about $1,462,000. Fifth Third Bancorp lifted its holdings in shares of Abercrombie & Fitch by 1,205.3% in the second quarter. Fifth Third Bancorp now owns 5,143 shares of the apparel retailer’s stock worth $426,000 after buying an additional 4,749 shares in the last quarter. Timelo Investment Management Inc. bought a new position in shares of Abercrombie & Fitch in the second quarter valued at approximately $1,077,000. QRG Capital Management Inc. purchased a new position in Abercrombie & Fitch during the second quarter valued at approximately $782,000. Finally, Swedbank AB increased its holdings in Abercrombie & Fitch by 48.1% during the 2nd quarter. Swedbank AB now owns 242,468 shares of the apparel retailer’s stock worth $20,088,000 after acquiring an additional 78,769 shares during the period.

Wall Street Analyst Weigh In

ANF has been the subject of a number of research analyst reports. Jefferies Financial Group dropped their price target on Abercrombie & Fitch from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, November 14th. UBS Group dropped their target price on shares of Abercrombie & Fitch from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. JPMorgan Chase & Co. decreased their price target on shares of Abercrombie & Fitch from $103.00 to $92.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Tuesday. Finally, Zacks Research lowered shares of Abercrombie & Fitch from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $102.33.

Abercrombie & Fitch Price Performance

ANF opened at $67.72 on Friday. The stock’s 50 day simple moving average is $76.37 and its 200 day simple moving average is $83.49. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 6.41 and a beta of 1.44. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.05. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $2.50 earnings per share. The business’s revenue 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. As a group, sell-side analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In other news, EVP Jay Rust sold 1,500 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $93.15, for a total transaction of $139,725.00. Following the completion of the transaction, the executive vice president directly owned 6,648 shares of the company’s stock, valued at approximately $619,261.20. This represents a 18.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James A. Goldman sold 5,072 shares of the stock in a transaction dated Friday, August 29th. The stock was 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 of the company’s stock, valued at approximately $727,601.70. This represents a 40.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,964 shares of company stock valued at $759,233 in the last quarter. Company insiders own 2.29% of the company’s stock.

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.