Abercrombie & Fitch Company $ANF Holdings Lessened by Deroy & Devereaux Private Investment Counsel Inc.

Key Points

• Deroy & Devereaux cut its Abercrombie & Fitch stake by 44.6% in the third quarter, selling 139,687 shares and retaining 173,172 shares valued at approximately $23.3 million.
• Analysts remain broadly positive, with the stock receiving a consensus “Moderate Buy” rating and an average price target of $157.21; recent targets range as high as $185.
• Abercrombie & Fitch reported quarterly EPS of $4.17, substantially exceeding the $1.99 consensus estimate, while revenue rose 4.8% year over year to $1.27 billion. The stock opened at $164.83, near its 52-week high of $166.40.

Deroy & Devereaux Private Investment Counsel Inc. trimmed its stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 44.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,172 shares of the apparel retailer's stock after selling 139,687 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc. owned 0.41% of Abercrombie & Fitch worth $23,325,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ANF. Timbuktu Capital Management LLC acquired a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth about $29,000. CoreCap Advisors LLC boosted its holdings 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 purchasing an additional 289 shares in the last quarter. Versant Capital Management Inc increased 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 purchasing an additional 140 shares during the last quarter. Parallel Advisors LLC increased 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 purchasing an additional 251 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new position in Abercrombie & Fitch in the third quarter valued at approximately $72,000.

Analysts Set New Price Targets

Several analysts have recently weighed in on ANF shares. JPMorgan Chase & Co. boosted their price objective on shares of Abercrombie & Fitch from $110.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 18th. The Goldman Sachs Group set a $160.00 target price on shares of Abercrombie & Fitch in a report on Thursday, August 27th. BTIG Research reaffirmed a "buy" rating and issued a $175.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, October 7th. UBS Group lifted their price target on shares of Abercrombie & Fitch from $153.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, August 27th. Finally, Wolfe Research assumed coverage on shares of Abercrombie & Fitch in a research report on Wednesday, October 21st. They issued an "outperform" rating and a $181.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Abercrombie & Fitch has a consensus rating of "Moderate Buy" and a consensus target price of $157.21.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock opened at $164.83 on Tuesday. The company has a market cap of $6.99 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02. Abercrombie & Fitch Company has a one year low of $65.45 and a one year high of $166.40. The business has a fifty day moving average of $139.27 and a two-hundred day moving average of $104.07.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share for the quarter, beating the consensus estimate of $1.99 by $2.18. Abercrombie & Fitch had a return on equity of 33.52% and a net margin of 10.03%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the business posted $2.91 EPS. Abercrombie & Fitch's quarterly revenue 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. Sell-side analysts predict that Abercrombie & Fitch Company will post 11.42 EPS for the current year.

Insider Activity

In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 2,000 shares of Abercrombie & Fitch stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $146.82, for a total value of $293,640.00. Following the completion of the sale, the chief operating officer owned 145,534 shares in the company, valued at $21,367,301.88. The trade was a 1.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jay Rust sold 5,000 shares of the company's stock in a transaction that occurred on Friday, August 28th. The stock was 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 of the company's stock, valued at $2,308,522.50. This trade represents a 24.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 62,800 shares of company stock valued at $8,545,392. 2.33% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.