Abercrombie & Fitch Company $ANF Stock Holdings Lifted by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board increased its stake in Abercrombie & Fitch by 55.0%, acquiring a total of 119,500 shares valued at approximately $9.1 million.
• Several other institutional investors also boosted their positions, including Cambridge Investment Research Advisors with a 197.2% increase, highlighting growing interest in the company.
• Abercrombie & Fitch reported $2.32 EPS for the last quarter, exceeding estimates, and set a target of $10.000-10.500 EPS for FY 2025.

Canada Pension Plan Investment Board grew its stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 55.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,500 shares of the apparel retailer's stock after purchasing an additional 42,400 shares during the quarter. Canada Pension Plan Investment Board owned 0.25% of Abercrombie & Fitch worth $9,126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Abercrombie & Fitch by 197.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,647 shares of the apparel retailer's stock worth $1,119,000 after acquiring an additional 9,719 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of 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 worth $536,000 after acquiring an additional 698 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Abercrombie & Fitch by 81.5% in the first quarter. GAMMA Investing LLC now owns 1,917 shares of the apparel retailer's stock worth $146,000 after acquiring an additional 861 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Abercrombie & Fitch in the first quarter worth about $144,000. Finally, LPL Financial LLC lifted its stake in shares of Abercrombie & Fitch by 99.3% in the first quarter. LPL Financial LLC now owns 31,114 shares of the apparel retailer's stock worth $2,376,000 after acquiring an additional 15,500 shares in the last quarter.

Abercrombie & Fitch Price Performance

ANF stock traded down $1.18 on Monday, reaching $94.19. The company's stock had a trading volume of 355,116 shares, compared to its average volume of 2,423,260. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $167.71. The company has a market capitalization of $4.49 billion, a P/E ratio of 8.93 and a beta of 1.44. The firm has a fifty day moving average of $94.46 and a two-hundred day moving average of $84.13.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.05. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $2.50 EPS. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. As a group, equities analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other news, EVP Jay Rust sold 1,500 shares of the firm's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $93.15, for a total transaction of $139,725.00. Following the completion of the sale, the executive vice president directly owned 6,648 shares of the company's stock, valued at $619,261.20. This trade represents a 18.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James A. Goldman sold 5,072 shares of the stock in a transaction on Friday, August 29th. The shares were 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 $727,601.70. The trade was a 40.14% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.29% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ANF. Jefferies Financial Group cut their price target on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. UBS Group reissued a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Barclays set a $84.00 price objective on Abercrombie & Fitch and gave the company an "equal weight" rating in a report on Thursday, May 29th. JPMorgan Chase & Co. lowered their price objective on Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday, August 28th. Finally, Morgan Stanley set a $93.00 price objective on Abercrombie & Fitch in a report on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $115.25.

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.