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Allspring Global Investments Holdings LLC Increases Stock Position in Abercrombie & Fitch Company $ANF

Abercrombie & Fitch logo with Retail/Wholesale background

Key Points

  • Allspring Global Investments Holdings LLC increased its stake in Abercrombie & Fitch by 88.6% in Q2, owning approximately 0.35% of the company with a value of $14.9 million after purchasing an additional 79,265 shares.
  • Multiple hedge funds, including Vanguard and Lmcg Investments, also boosted their positions in Abercrombie & Fitch during the same period, indicating growing institutional interest.
  • Analysts have mixed ratings on Abercrombie & Fitch, with a consensus price target of $111.11, reflecting overall optimism despite a recent share price opening at $68.41.
  • MarketBeat previews top five stocks to own in November.

Allspring Global Investments Holdings LLC grew its position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 88.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,759 shares of the apparel retailer's stock after purchasing an additional 79,265 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.35% of Abercrombie & Fitch worth $14,896,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC boosted its stake in Abercrombie & Fitch by 43.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,110 shares of the apparel retailer's stock valued at $589,000 after buying an additional 2,158 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Abercrombie & Fitch during the 2nd quarter valued at approximately $254,000. Lmcg Investments LLC grew its holdings in shares of Abercrombie & Fitch by 96.3% in the second quarter. Lmcg Investments LLC now owns 45,847 shares of the apparel retailer's stock valued at $3,798,000 after purchasing an additional 22,486 shares in the last quarter. Blair William & Co. IL bought a new stake in Abercrombie & Fitch in the second quarter worth $207,000. Finally, Fluent Financial LLC purchased a new stake in Abercrombie & Fitch during the second quarter valued at $2,237,000.

Analysts Set New Price Targets

A number of brokerages have commented on ANF. Weiss Ratings reissued a "hold (c+)" rating on shares of Abercrombie & Fitch in a research note on Wednesday, October 8th. BTIG Research initiated coverage on shares of Abercrombie & Fitch in a report on Thursday, September 18th. They issued a "buy" rating and a $120.00 price target for the company. Telsey Advisory Group reissued an "outperform" rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research note on Friday, September 12th. Morgan Stanley set a $93.00 price objective on Abercrombie & Fitch in a research note on Thursday, August 28th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $103.00 target price on shares of Abercrombie & Fitch in a research report on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $111.11.

View Our Latest Research Report on ANF

Insider Buying and Selling

In related news, Director James A. Goldman sold 5,072 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $96.18, for a total transaction of $487,824.96. Following the completion of the sale, the director owned 7,565 shares in the company, valued at $727,601.70. This trade represents a 40.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kenneth B. Robinson sold 1,392 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $94.60, for a total transaction of $131,683.20. Following the completion of the sale, the director directly owned 5,880 shares of the company's stock, valued at approximately $556,248. This trade represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,964 shares of company stock valued at $759,233 in the last 90 days. Company insiders own 2.29% of the company's stock.

Abercrombie & Fitch Stock Performance

Shares of NYSE ANF opened at $68.41 on Friday. The business's 50 day moving average price is $88.48 and its 200-day moving average price is $83.72. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $164.80. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 6.47 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data 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. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the previous year, the business earned $2.50 EPS. Abercrombie & Fitch's revenue was up 6.6% compared to the same quarter last year. 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 predict that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

About Abercrombie & Fitch

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Abercrombie & Fitch (NYSE:ANF)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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