Sterling Capital Management LLC lifted its position in Abercrombie & Fitch Company (NYSE:ANF – Free Report) by 263.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,102 shares of the apparel retailer’s stock after purchasing an additional 19,635 shares during the quarter. Sterling Capital Management LLC’s holdings in Abercrombie & Fitch were worth $3,650,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Timbuktu Capital Management LLC purchased a new position in Abercrombie & Fitch during the 2nd quarter worth approximately $29,000. CoreCap Advisors LLC lifted its stake in Abercrombie & Fitch by 304.2% in the third quarter. CoreCap Advisors LLC now owns 384 shares of the apparel retailer’s stock valued at $52,000 after buying an additional 289 shares during the last quarter. Versant Capital Management Inc lifted its stake in Abercrombie & Fitch by 29.8% in the second quarter. Versant Capital Management Inc now owns 610 shares of the apparel retailer’s stock valued at $55,000 after buying an additional 140 shares during the last quarter. Parallel Advisors LLC lifted its stake in Abercrombie & Fitch by 46.7% in the first quarter. Parallel Advisors LLC now owns 788 shares of the apparel retailer’s stock valued at $72,000 after buying an additional 251 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of Abercrombie & Fitch in the third quarter valued at approximately $72,000.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on ANF shares. Raymond James Financial restated a “market perform” rating on shares of Abercrombie & Fitch in a research report on Tuesday, August 18th. UBS Group lifted their target price on shares of Abercrombie & Fitch from $153.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 27th. JPMorgan Chase & Co. upped their price target on shares of Abercrombie & Fitch from $110.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, August 18th. BTIG Research reiterated a “buy” rating and set a $175.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, October 7th. Finally, Wolfe Research assumed coverage on shares of Abercrombie & Fitch in a research report on Wednesday. They set an “outperform” rating and a $181.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.21.
Check Out Our Latest Stock Report on Abercrombie & Fitch
Insider Buying and Selling
In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 800 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $149.69, for a total value of $119,752.00. Following the transaction, the director directly owned 7,169 shares of the company’s stock, valued at approximately $1,073,127.61. The trade was a 10.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Gregory J. Henchel sold 30,000 shares of Abercrombie & Fitch stock in a transaction dated 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 in the company, valued at approximately $4,939,318.65. The trade was a 47.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 72,800 shares of company stock valued at $9,595,392 in the last ninety days. Company insiders own 2.33% of the company’s stock.
Abercrombie & Fitch Stock Down 3.7%
Shares of ANF stock opened at $155.52 on Friday. The stock has a market capitalization of $6.60 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02. Abercrombie & Fitch Company has a 52-week low of $65.45 and a 52-week high of $163.82. The stock’s 50-day moving average price is $138.97 and its 200 day moving average price is $107.10.
Abercrombie & Fitch (NYSE:ANF – Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share for the quarter, topping 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 analysts’ expectations of $1.25 billion. During the same period last year, the firm earned $2.91 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. 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. Analysts expect that Abercrombie & Fitch Company will post 11.42 earnings per share for the current fiscal year.
Abercrombie & Fitch Profile
Abercrombie & Fitch Co is a global specialty retailer that sells apparel, accessories and personal-care products through stores and digital channels. Its portfolio includes Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, with products designed for consumers across a range of life stages and lifestyles.
The company’s offerings include casual clothing, denim, dresses, tops, outerwear, intimates, activewear, swimwear, footwear, accessories and fragrances. Abercrombie & Fitch serves customers through company-operated and franchise stores, as well as branded websites and other digital platforms, in the United States and selected international markets.
Founded in 1892 as an outdoor and sporting-goods retailer, the company later developed into a fashion retailer focused on casual apparel.
See Also
- Five stocks we like better than Abercrombie & Fitch
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
Want to see what other hedge funds are holding ANF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Abercrombie & Fitch Company (NYSE:ANF – Free Report).
Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.
