Systematic Financial Management LP lowered its position in Abercrombie & Fitch Company (NYSE:ANF – Free Report) by 2.4% in the 1st quarter, HoldingsChannel reports. The fund owned 349,946 shares of the apparel retailer’s stock after selling 8,726 shares during the period. Systematic Financial Management LP’s holdings in Abercrombie & Fitch were worth $31,975,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its position in Abercrombie & Fitch by 181.6% during the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 227 shares during the period. Transamerica Financial Advisors LLC increased its stake in shares of Abercrombie & Fitch by 322.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 190 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Abercrombie & Fitch by 120.3% in the fourth quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 148 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Abercrombie & Fitch by 94.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 170 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at approximately $44,000.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Abercrombie & Fitch from $107.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Barclays boosted their target price on shares of Abercrombie & Fitch from $76.00 to $78.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $108.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a research report on Tuesday, June 2nd. Finally, BTIG Research reiterated a “buy” rating and set a $120.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, May 27th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $111.91.
Abercrombie & Fitch Trading Down 5.4%
ANF stock opened at $90.87 on Friday. The firm has a 50 day moving average of $85.60 and a 200-day moving average of $91.08. Abercrombie & Fitch Company has a 12 month low of $65.45 and a 12 month high of $133.11. The firm has a market capitalization of $4.04 billion, a P/E ratio of 8.72 and a beta of 0.89.
Abercrombie & Fitch (NYSE:ANF – Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The apparel retailer reported $1.47 EPS for the quarter, beating the consensus estimate of $1.26 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Abercrombie & Fitch had a net margin of 9.34% and a return on equity of 34.36%. Abercrombie & Fitch’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.59 earnings per share. Abercrombie & Fitch has set its Q2 2026 guidance at 1.800-2.000 EPS and its FY 2026 guidance at 10.200-11.000 EPS. Sell-side analysts predict that Abercrombie & Fitch Company will post 10.46 EPS for the current year.
Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.
The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.
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