Scientech Research LLC Takes $1.06 Million Position in Abercrombie & Fitch Company $ANF

Key Points

• Scientech Research LLC purchased 13,903 shares of Abercrombie & Fitch Company, valued at approximately $1,062,000, in the first quarter.
• Abercrombie & Fitch reported earnings of $2.32 per share, surpassing estimates, while revenue for the quarter increased by 6.6% year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for Abercrombie & Fitch, with an average target price of $115.25 per share.

Scientech Research LLC acquired a new stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,903 shares of the apparel retailer's stock, valued at approximately $1,062,000.

A number of other hedge funds also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. grew its stake in Abercrombie & Fitch by 197.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,647 shares of the apparel retailer's stock valued at $1,119,000 after buying an additional 9,719 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Abercrombie & Fitch by 11.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,013 shares of the apparel retailer's stock valued at $536,000 after purchasing an additional 698 shares during the period. GAMMA Investing LLC increased its position in Abercrombie & Fitch by 81.5% during the 1st quarter. GAMMA Investing LLC now owns 1,917 shares of the apparel retailer's stock worth $146,000 after buying an additional 861 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Abercrombie & Fitch during the first quarter worth $144,000. Finally, LPL Financial LLC lifted its holdings in shares of Abercrombie & Fitch by 99.3% during the first quarter. LPL Financial LLC now owns 31,114 shares of the apparel retailer's stock worth $2,376,000 after buying an additional 15,500 shares in the last quarter.

Analysts Set New Price Targets

ANF has been the topic of a number of recent research reports. Jefferies Financial Group lowered their price target on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Raymond James Financial set a $105.00 price objective on Abercrombie & Fitch and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Citigroup reiterated a "neutral" rating and set a $105.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, August 20th. JPMorgan Chase & Co. dropped their target price on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. Finally, Barclays set a $84.00 price target on shares of Abercrombie & Fitch and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $115.25.

Abercrombie & Fitch Trading Down 5.6%

NYSE:ANF traded down $5.26 on Friday, hitting $88.98. The company had a trading volume of 1,600,462 shares, compared to its average volume of 2,406,718. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $167.71. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 8.42 and a beta of 1.44. The firm has a 50 day moving average of $95.04 and a two-hundred day moving average of $84.20.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.05. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the business earned $2.50 earnings per share. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. 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, equities analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Insider Activity

In related news, Director Kenneth B. Robinson sold 1,392 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $94.60, for a total value of $131,683.20. Following the completion of the transaction, the director owned 5,880 shares in the company, valued at $556,248. This trade represents a 19.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James A. Goldman sold 5,072 shares of the business's stock in a transaction that occurred on 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 directly owned 7,565 shares in the company, valued at $727,601.70. The trade was a 40.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,964 shares of company stock valued at $759,233 over the last quarter. 2.29% of the stock is owned by company insiders.

Abercrombie & Fitch 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.