Mork Capital Management LLC Takes $2.29 Million Position in Abercrombie & Fitch Company $ANF

Key Points

• Mork Capital Management LLC acquired 30,000 shares of Abercrombie & Fitch, valued at approximately $2.29 million, making it the firm’s 9th largest position.
• Abercrombie & Fitch reported earnings of $2.32 per share for the latest quarter, exceeding the consensus estimate of $2.27, with revenue of $1.21 billion.
• Analysts have mixed ratings for Abercrombie & Fitch, with five recommending a "buy" and an average target price of $115.25.

Mork Capital Management LLC acquired a new position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,000 shares of the apparel retailer's stock, valued at approximately $2,291,000. Abercrombie & Fitch comprises approximately 1.8% of Mork Capital Management LLC's holdings, making the stock its 9th biggest position. Mork Capital Management LLC owned 0.06% of Abercrombie & Fitch at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of Abercrombie & Fitch by 197.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,647 shares of the apparel retailer's stock worth $1,119,000 after buying an additional 9,719 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Abercrombie & Fitch by 11.1% in the first 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 last quarter. GAMMA Investing LLC raised its position in Abercrombie & Fitch by 81.5% in the first quarter. GAMMA Investing LLC now owns 1,917 shares of the apparel retailer's stock valued at $146,000 after purchasing an additional 861 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Abercrombie & Fitch in the first quarter valued at about $144,000. Finally, LPL Financial LLC raised its position in Abercrombie & Fitch by 99.3% in the first quarter. LPL Financial LLC now owns 31,114 shares of the apparel retailer's stock valued at $2,376,000 after purchasing an additional 15,500 shares during the last quarter.

Abercrombie & Fitch Trading Down 1.8%

NYSE ANF traded down $1.77 during trading hours on Thursday, hitting $94.58. 582,525 shares of the company's stock were exchanged, compared to its average volume of 2,408,424. The stock has a 50-day simple moving average of $94.99 and a 200 day simple moving average of $84.25. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $167.71. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 8.96 and a beta of 1.44.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, topping 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 business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter last year, the firm posted $2.50 earnings per share. The firm'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. On average, sell-side analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director James A. Goldman sold 5,072 shares of the firm'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 value of $487,824.96. Following the completion of the sale, the director owned 7,565 shares of the company's stock, valued at approximately $727,601.70. This trade represents a 40.14% 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 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 sale, the director directly owned 5,880 shares of the company's stock, valued at $556,248. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,964 shares of company stock valued at $759,233. Company insiders own 2.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ANF. JPMorgan Chase & Co. dropped their target price on Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. Morgan Stanley set a $93.00 target price on Abercrombie & Fitch in a research report on Thursday, August 28th. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Barclays set a $84.00 target price on Abercrombie & Fitch and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Finally, Citigroup reiterated a "neutral" rating and issued a $105.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $115.25.

About Abercrombie & Fitch

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.