Systematic Financial Management LP Purchases 18,865 Shares of Abercrombie & Fitch Company $ANF

Key Points

• Systematic Financial Management LP increased its holdings in Abercrombie & Fitch by 6.6%, owning approximately 306,426 shares valued at $23.4 million by the end of the first quarter.
• Wall Street analysts have a moderate buy rating for Abercrombie & Fitch, with an average price target of $112.75, indicating positive expectations for the stock's performance.
• Abercrombie & Fitch reported earnings of $1.59 per share for the last quarter, surpassing estimates and marking a 7.5% revenue increase compared to the previous year.

Systematic Financial Management LP raised its position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 6.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 306,426 shares of the apparel retailer's stock after purchasing an additional 18,865 shares during the period. Systematic Financial Management LP owned approximately 0.64% of Abercrombie & Fitch worth $23,402,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Virtue Capital Management LLC raised its position in Abercrombie & Fitch by 1.3% during the fourth quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer's stock valued at $1,229,000 after purchasing an additional 102 shares in the last quarter. Versant Capital Management Inc raised its position in Abercrombie & Fitch by 55.6% during the first 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. Covestor Ltd raised its position in Abercrombie & Fitch by 21.9% during the first quarter. Covestor Ltd now owns 1,456 shares of the apparel retailer's stock valued at $111,000 after purchasing an additional 262 shares in the last quarter. UMB Bank n.a. raised its position in Abercrombie & Fitch by 161.4% during the first 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. Finally, Reyes Financial Architecture Inc. raised its position in Abercrombie & Fitch by 68.0% during the first 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays set a $84.00 price objective on Abercrombie & Fitch and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Citigroup reiterated a "neutral" rating and issued a $105.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Jefferies Financial Group decreased their price objective on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a report 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $112.75.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF traded down $1.08 during midday trading on Wednesday, hitting $95.66. The company had a trading volume of 6,824,409 shares, compared to its average volume of 2,455,436. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 9.42 and a beta of 1.54. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $167.71. The company has a fifty day moving average of $91.98 and a two-hundred day moving average of $85.14.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, topping the consensus estimate 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 42.32% and a net margin of 10.60%.Abercrombie & Fitch's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business 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. Research analysts expect 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.