Assenagon Asset Management S.A. Sells 727,326 Shares of Abercrombie & Fitch Company $ANF

Key Points

• Assenagon Asset Management S.A. significantly reduced its stake in Abercrombie & Fitch by 98.2%, selling 727,326 shares in the second quarter, leaving it with just 13,400 shares.
• Insiders at Abercrombie & Fitch have sold a total of 7,964 shares worth $759,233 over the past quarter, with notable transactions from directors Kenneth B. Robinson and James A. Goldman.
• Abercrombie & Fitch reported a quarterly earnings per share of $2.32, exceeding expectations, and has set a forecast for FY 2025 EPS between 10.000-10.500.

Assenagon Asset Management S.A. cut its stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 98.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,400 shares of the apparel retailer's stock after selling 727,326 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Abercrombie & Fitch were worth $1,110,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Abercrombie & Fitch by 161.4% in the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after buying an additional 360 shares during the last quarter. Versant Capital Management Inc lifted its position in Abercrombie & Fitch by 55.6% in the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after buying an additional 260 shares during the last quarter. Parallel Advisors LLC lifted its position in Abercrombie & Fitch by 178.6% in the second quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer's stock worth $68,000 after buying an additional 527 shares during the last quarter. IFP Advisors Inc lifted its position in Abercrombie & Fitch by 166.7% in the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock worth $65,000 after buying an additional 530 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its position in Abercrombie & Fitch by 102.9% in the first quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer's stock worth $65,000 after buying an additional 430 shares during the last quarter.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,392 shares of Abercrombie & Fitch stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $94.60, for a total value of $131,683.20. Following the transaction, the director owned 5,880 shares in the company, valued at $556,248. The trade was a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $487,824.96. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 7,964 shares of company stock worth $759,233 over the last quarter. Insiders own 2.29% of the company's stock.

Abercrombie & Fitch Price Performance

ANF stock opened at $85.97 on Friday. The business has a 50-day moving average price of $94.55 and a 200 day moving average price of $83.85. The company has a market capitalization of $4.05 billion, a P/E ratio of 8.13 and a beta of 1.44. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $167.71.

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

Analyst Ratings Changes

Several research firms have recently weighed in on ANF. Citigroup reiterated a "neutral" rating and set a $105.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. BTIG Research began coverage on Abercrombie & Fitch in a research report on Thursday, September 18th. They set a "buy" rating and a $120.00 target price for the company. Raymond James Financial set a $105.00 target price on Abercrombie & Fitch and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Morgan Stanley set a $93.00 target price on Abercrombie & Fitch in a research report on Thursday, August 28th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research report on Friday, September 12th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of "Moderate Buy" and an average target price of $115.78.

Abercrombie & Fitch 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.

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.