Abercrombie & Fitch Company $ANF Shares Purchased by American Century Companies Inc.

Key Points

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American Century Companies Inc. lifted its stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 18.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 806,980 shares of the apparel retailer's stock after buying an additional 126,050 shares during the quarter. American Century Companies Inc. owned approximately 1.69% of Abercrombie & Fitch worth $61,629,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. GeoWealth Management LLC bought a new position in Abercrombie & Fitch during the fourth quarter worth $70,000. UMB Bank n.a. lifted its stake in Abercrombie & Fitch by 161.4% during the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after purchasing an additional 360 shares during the last quarter. Versant Capital Management Inc lifted its stake in Abercrombie & Fitch by 55.6% during the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after purchasing an additional 260 shares during the last quarter. IFP Advisors Inc lifted its stake in Abercrombie & Fitch by 166.7% during the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock worth $65,000 after purchasing an additional 530 shares during the last quarter. Finally, Reyes Financial Architecture Inc. lifted its stake in Abercrombie & Fitch by 68.0% during the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock worth $69,000 after purchasing an additional 366 shares during the last quarter.

Analyst Ratings Changes

ANF has been the topic of several research analyst reports. UBS Group restated a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Jefferies Financial Group reduced their price objective 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. Morgan Stanley raised their target price on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Raymond James Financial cut their target price on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday. Five equities 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $112.75.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF traded up $5.2290 during midday trading on Friday, reaching $98.1190. 2,743,485 shares of the company traded hands, compared to its average volume of 1,900,804. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $171.47. The stock has a 50-day moving average price of $91.07 and a 200 day moving average price of $85.57. The company has a market cap 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 issued its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.08 billion. During the same period in the previous year, the business earned $2.14 earnings per share. The company's revenue 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. As a group, analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current 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.