Abercrombie & Fitch Company $ANF Shares Purchased by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. increased its stake in Abercrombie & Fitch by 199.6% during the 1st quarter, now owning 80,902 shares worth approximately $6.18 million.
• Abercrombie & Fitch reported earnings per share (EPS) of $2.32 for the last quarter, exceeding analysts' expectations of $2.27, with revenues reaching $1.21 billion.
• Analysts hold a consensus rating of "Moderate Buy" for Abercrombie & Fitch, with an average target price of $115.25, reflecting optimism in the stock's performance.

Maverick Capital Ltd. grew its position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 199.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,902 shares of the apparel retailer's stock after buying an additional 53,898 shares during the quarter. Maverick Capital Ltd. owned 0.17% of Abercrombie & Fitch worth $6,178,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock valued at $45,000 after purchasing an additional 360 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after purchasing an additional 260 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Abercrombie & Fitch by 166.7% in the 1st quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock valued at $65,000 after purchasing an additional 530 shares in the last quarter. Reyes Financial Architecture Inc. increased its holdings in shares of Abercrombie & Fitch by 68.0% in the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock valued at $69,000 after purchasing an additional 366 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Abercrombie & Fitch in the 1st quarter valued at about $76,000.

Insider Buying and Selling

In related news, Director James A. Goldman sold 5,072 shares of the business's stock in a transaction that occurred 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 directly owned 7,565 shares in the company, valued at approximately $727,601.70. The trade was a 40.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jay Rust sold 1,500 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were 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 owned 6,648 shares of the company's stock, valued at approximately $619,261.20. The trade was a 18.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ANF shares. Telsey Advisory Group restated an "outperform" rating and set a $125.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, August 27th. Citigroup restated a "neutral" rating and set a $105.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Barclays set a $84.00 target price on shares of Abercrombie & Fitch and gave the company an "equal weight" rating in a report on Thursday, May 29th. Jefferies Financial Group dropped their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Finally, Morgan Stanley set a $93.00 target price on shares of Abercrombie & Fitch in a report on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $115.25.

Abercrombie & Fitch Trading Up 1.9%

Shares of NYSE ANF traded up $1.80 during midday trading on Friday, reaching $95.28. 1,661,672 shares of the stock were exchanged, compared to its average volume of 2,101,159. The company has a market capitalization of $4.54 billion, a P/E ratio of 9.01 and a beta of 1.44. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $167.71. The stock has a 50 day moving average price of $94.46 and a 200-day moving average price of $84.40.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.05. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.50 earnings per share. 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, analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

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.