Paralel Advisors LLC purchased a new stake in Abercrombie & Fitch Company (NYSE:ANF – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 25,310 shares of the apparel retailer’s stock, valued at approximately $2,278,000.
A number of other hedge funds also recently modified their holdings of ANF. Intech Investment Management LLC lifted its position in Abercrombie & Fitch by 60.6% in the fourth quarter. Intech Investment Management LLC now owns 50,942 shares of the apparel retailer’s stock worth $6,412,000 after purchasing an additional 19,215 shares during the period. Royce & Associates LP bought a new stake in Abercrombie & Fitch in the 4th quarter valued at $9,967,000. Pacer Advisors Inc. increased its holdings in Abercrombie & Fitch by 31.7% in the 1st quarter. Pacer Advisors Inc. now owns 189,757 shares of the apparel retailer’s stock valued at $17,338,000 after buying an additional 45,654 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Abercrombie & Fitch by 30.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 257,474 shares of the apparel retailer’s stock valued at $24,269,000 after buying an additional 60,454 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Abercrombie & Fitch by 300.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 41,600 shares of the apparel retailer’s stock worth $3,801,000 after acquiring an additional 31,200 shares during the period.
Analysts Set New Price Targets
A number of research firms recently weighed in on ANF. BTIG Research upped their target price on shares of Abercrombie & Fitch from $120.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Weiss Ratings raised Abercrombie & Fitch from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 14th. Citigroup cut Abercrombie & Fitch from a “buy” rating to a “neutral” rating and increased their target price for the stock from $135.00 to $156.00 in a report on Thursday, August 27th. The Goldman Sachs Group set a $160.00 target price on Abercrombie & Fitch in a research report on Thursday, August 27th. Finally, JPMorgan Chase & Co. increased their price objective on Abercrombie & Fitch from $110.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $154.17.
Insider Activity at Abercrombie & Fitch
In other news, EVP Jay Rust sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $147.50, for a total transaction of $737,500.00. Following the transaction, the executive vice president directly owned 15,651 shares in the company, valued at approximately $2,308,522.50. This represents a 24.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory Henchel sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $146.65, for a total transaction of $4,399,500.00. Following the completion of the sale, the executive vice president directly owned 33,681 shares of the company’s stock, valued at approximately $4,939,318.65. This represents a 47.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 70,800 shares of company stock worth $9,301,752 in the last quarter. Insiders own 2.33% of the company’s stock.
Abercrombie & Fitch Stock Performance
Shares of ANF opened at $149.91 on Monday. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 1.31 and a beta of 0.97. The stock has a fifty day moving average price of $107.48 and a two-hundred day moving average price of $94.10. Abercrombie & Fitch Company has a 52-week low of $65.45 and a 52-week high of $154.58.
Abercrombie & Fitch (NYSE:ANF – Get Free Report) last announced its earnings results on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $2.18. Abercrombie & Fitch had a return on equity of 33.52% and a net margin of 10.03%.The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the company posted $2.91 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Abercrombie & Fitch has set its Q3 2026 guidance at 2.900-3.200 EPS and its FY 2026 guidance at 13.100-13.600 EPS. As a group, research analysts predict that Abercrombie & Fitch Company will post 11.4 EPS for the current fiscal year.
About Abercrombie & Fitch
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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