Abercrombie & Fitch Company $ANF Position Lifted by Impala Asset Management LLC

Key Points

• Impala Asset Management LLC boosted its stake in Abercrombie & Fitch by 235.0% in Q1, now holding nearly $8.7 million worth of shares, making it the firm's 8th largest position.
• Abercrombie & Fitch's stock has a current market capitalization of $4.56 billion, with a recent price of $96.83 and a 52-week range between $65.40 and $167.71.
• The company reported $2.32 earnings per share in its latest quarter, exceeding consensus estimates, and set FY 2025 EPS guidance between $10.00 and $10.50.

Impala Asset Management LLC increased its stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 235.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,883 shares of the apparel retailer's stock after buying an additional 79,883 shares during the period. Abercrombie & Fitch accounts for about 5.6% of Impala Asset Management LLC's portfolio, making the stock its 8th largest position. Impala Asset Management LLC owned 0.24% of Abercrombie & Fitch worth $8,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after buying an additional 360 shares during the period. Versant Capital Management Inc increased its stake in Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after buying an additional 260 shares during the period. IFP Advisors Inc increased its stake in Abercrombie & Fitch by 166.7% in the 1st quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock worth $65,000 after buying an additional 530 shares during the period. Bayforest Capital Ltd increased its stake in Abercrombie & Fitch by 102.9% in the 1st quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer's stock worth $65,000 after buying an additional 430 shares during the period. Finally, Reyes Financial Architecture Inc. increased its stake in Abercrombie & Fitch by 68.0% in the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock worth $69,000 after buying an additional 366 shares during the period.

Wall Street Analysts Forecast Growth

ANF has been the topic of several recent analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, August 27th. Jefferies Financial Group dropped their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Barclays set a $84.00 target price on shares of Abercrombie & Fitch and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Morgan Stanley set a $93.00 target price on shares of Abercrombie & Fitch in a report on Thursday, August 28th. Finally, UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $115.25.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $96.83 on Wednesday. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $167.71. The stock has a market capitalization of $4.56 billion, a P/E ratio of 9.10 and a beta of 1.44. The company's 50-day simple moving average is $94.85 and its 200-day simple moving average is $84.17.

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

Insider Buying and Selling

In related news, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $93.15, for a total value of $139,725.00. Following the completion of the sale, the executive vice president directly owned 6,648 shares in the company, valued at $619,261.20. This trade represents a 18.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James A. Goldman sold 5,072 shares of Abercrombie & Fitch 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 completion of the sale, the director owned 7,565 shares of the company's stock, valued at $727,601.70. This trade represents 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 worth $759,233 in the last three months. Corporate insiders own 2.29% of the company's stock.

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.

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