LPL Financial LLC Boosts Position in Abercrombie & Fitch Company $ANF

Key Points

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LPL Financial LLC increased its holdings in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 99.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,114 shares of the apparel retailer's stock after acquiring an additional 15,500 shares during the quarter. LPL Financial LLC owned about 0.07% of Abercrombie & Fitch worth $2,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ANF. Assenagon Asset Management S.A. bought a new stake in Abercrombie & Fitch during the 1st quarter valued at about $56,569,000. Pacer Advisors Inc. increased its stake in Abercrombie & Fitch by 3,113.1% during the 1st quarter. Pacer Advisors Inc. now owns 506,088 shares of the apparel retailer's stock valued at $38,650,000 after purchasing an additional 490,337 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Abercrombie & Fitch by 306.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 237,882 shares of the apparel retailer's stock valued at $35,556,000 after purchasing an additional 179,419 shares in the last quarter. Northern Trust Corp increased its stake in Abercrombie & Fitch by 24.7% during 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. Finally, GAMMA Investing LLC increased its stake in Abercrombie & Fitch by 13,763.7% during the 1st quarter. GAMMA Investing LLC now owns 146,401 shares of the apparel retailer's stock valued at $11,181,000 after purchasing an additional 145,345 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ANF. Telsey Advisory Group reaffirmed an "outperform" rating and set a $125.00 price target on shares of Abercrombie & Fitch in a report on Wednesday. Morgan Stanley raised their price target on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Jefferies Financial Group dropped their price target 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. Raymond James Financial dropped their price target on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Finally, UBS Group reaffirmed 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $112.75.

Abercrombie & Fitch Stock Up 5.4%

NYSE:ANF traded up $5.0390 during trading hours on Friday, hitting $97.9290. 1,756,178 shares of the stock traded hands, compared to its average volume of 2,420,448. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $171.47. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 9.64 and a beta of 1.54. The stock has a 50 day moving average price of $90.60 and a 200 day moving average price of $85.68.

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

Abercrombie & Fitch Company 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.