Wellington Management Group LLP Has $31.14 Million Position in Abercrombie & Fitch Company $ANF

Key Points

• Wellington Management Group LLP significantly reduced its holdings in Abercrombie & Fitch Company by 66.8%, selling 822,121 shares, leaving them with 407,754 shares valued at $31.1 million.
• Several institutional investors, including UMB Bank and IFP Advisors Inc, have increased their stakes in Abercrombie & Fitch, with UMB Bank increasing its stake by 161.4%.
• Analysts have mixed opinions on Abercrombie & Fitch, with price targets ranging from $84.00 to $125.00, resulting in an average "Moderate Buy" rating and a consensus target price of $112.75.

Wellington Management Group LLP reduced its stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 66.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 407,754 shares of the apparel retailer's stock after selling 822,121 shares during the quarter. Wellington Management Group LLP owned 0.86% of Abercrombie & Fitch worth $31,140,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Algert Global LLC boosted its stake in shares of Abercrombie & Fitch by 89.0% in the first quarter. Algert Global LLC now owns 97,387 shares of the apparel retailer's stock valued at $7,437,000 after buying an additional 45,849 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Abercrombie & Fitch by 18.5% in the first quarter. American Century Companies Inc. now owns 806,980 shares of the apparel retailer's stock valued at $61,629,000 after buying an additional 126,050 shares in the last quarter. Element Capital Management LLC purchased a new stake in shares of Abercrombie & Fitch in the first quarter valued at approximately $2,751,000. Fox Run Management L.L.C. boosted its stake in shares of Abercrombie & Fitch by 712.9% in the first quarter. Fox Run Management L.L.C. now owns 11,771 shares of the apparel retailer's stock valued at $899,000 after buying an additional 10,323 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Abercrombie & Fitch in the first quarter valued at approximately $5,191,000.

Abercrombie & Fitch Price Performance

Shares of ANF traded down $3.95 during trading hours on Friday, hitting $92.57. 1,109,486 shares of the company were exchanged, compared to its average volume of 2,445,152. The company has a market capitalization of $4.41 billion, a PE ratio of 8.76 and a beta of 1.54. The firm has a fifty day simple moving average of $92.79 and a 200-day simple moving average of $85.10. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $167.71.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its earnings results 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 business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.Abercrombie & Fitch's revenue was up 6.6% compared to the same quarter last year. During the same quarter last 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. Sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ANF. Telsey Advisory Group reiterated an "outperform" rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday. Jefferies Financial Group decreased their target price on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Morgan Stanley set a $93.00 price objective on Abercrombie & Fitch in a research note on Thursday. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, Raymond James Financial set a $105.00 price target on Abercrombie & Fitch and gave the stock an "outperform" rating in a research report on Thursday. Five investment 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, Abercrombie & Fitch presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.25.

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.