Algert Global LLC Purchases 45,849 Shares of Abercrombie & Fitch Company $ANF

Key Points

• Algert Global LLC increased its stake in Abercrombie & Fitch by 89.0%, owning around 97,387 shares valued at $7.4 million as of the end of the first quarter.
• Abercrombie & Fitch reported earnings of $1.59 per share for the last quarter, exceeding analyst expectations of $1.35, with revenues reaching $1.10 billion.
• Brokerages have mixed sentiments on Abercrombie & Fitch, with an average rating of "Moderate Buy" and a consensus price target of $111.88.

Algert Global LLC increased its position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 89.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,387 shares of the apparel retailer's stock after purchasing an additional 45,849 shares during the quarter. Algert Global LLC owned approximately 0.20% of Abercrombie & Fitch worth $7,437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ANF. American Century Companies Inc. raised its holdings in Abercrombie & Fitch by 18.5% in the 1st quarter. American Century Companies Inc. now owns 806,980 shares of the apparel retailer's stock valued at $61,629,000 after acquiring an additional 126,050 shares during the period. Northern Trust Corp boosted its holdings in shares of Abercrombie & Fitch by 24.7% in the 4th quarter. Northern Trust Corp now owns 745,723 shares of the apparel retailer's stock valued at $111,463,000 after purchasing an additional 147,779 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Abercrombie & Fitch in the first quarter valued at approximately $56,569,000. AQR Capital Management LLC boosted its position in Abercrombie & Fitch by 0.7% in the fourth quarter. AQR Capital Management LLC now owns 655,857 shares of the apparel retailer's stock valued at $98,031,000 after buying an additional 4,382 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in Abercrombie & Fitch by 0.8% in the first quarter. Jupiter Asset Management Ltd. now owns 621,234 shares of the apparel retailer's stock valued at $47,444,000 after buying an additional 5,006 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ANF shares. Raymond James Financial dropped their price target on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. JPMorgan Chase & Co. raised their price target on shares of Abercrombie & Fitch from $141.00 to $151.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Jefferies Financial Group decreased their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Citigroup restated a "neutral" rating and set a $105.00 price target on shares of Abercrombie & Fitch in a report on Wednesday. Finally, Barclays set a $84.00 price target on shares of Abercrombie & Fitch and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $112.75.

Abercrombie & Fitch Stock Performance

Shares of ANF stock traded up $5.2290 on Friday, hitting $98.1190. 2,743,485 shares of the company's stock traded hands, compared to its average volume of 1,900,804. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $171.47. The company's fifty day simple moving average is $91.07 and its 200 day simple moving average is $85.57. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 9.66 and a beta of 1.54.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 EPS for the quarter, beating the consensus estimate of $1.35 by $0.24. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.14 EPS. Abercrombie & Fitch has set its FY 2025 guidance at 9.500-10.500 EPS. Q2 2025 guidance at 2.100-2.300 EPS. As a group, sell-side analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

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.