Bank of America Corp DE Purchases 53,161 Shares of Abercrombie & Fitch Company $ANF

Key Points

• Bank of America increased its Abercrombie & Fitch stake by 12.3% in the first quarter, acquiring 53,161 additional shares for a total of 486,134 shares valued at approximately $44.4 million.
• Analysts maintain a generally positive outlook on ANF, with eight Buy ratings and five Hold ratings. The stock has a “Moderate Buy” consensus rating and an average price target of $117.55.
• Abercrombie exceeded first-quarter earnings expectations, reporting EPS of $1.47 versus the $1.26 consensus, although revenue of $1.11 billion slightly missed estimates. Meanwhile, insiders have sold 30,000 shares worth roughly $3.3 million over the past 90 days.

Bank of America Corp DE increased its holdings in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 486,134 shares of the apparel retailer's stock after acquiring an additional 53,161 shares during the period. Bank of America Corp DE owned about 1.09% of Abercrombie & Fitch worth $44,418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parallel Advisors LLC boosted its position in Abercrombie & Fitch by 17.6% in the third quarter. Parallel Advisors LLC now owns 967 shares of the apparel retailer's stock worth $83,000 after purchasing an additional 145 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Abercrombie & Fitch by 120.3% during the 4th quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer's stock valued at $34,000 after purchasing an additional 148 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Abercrombie & Fitch by 19.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 928 shares of the apparel retailer's stock worth $117,000 after purchasing an additional 151 shares during the period. Kestra Advisory Services LLC raised its stake in shares of Abercrombie & Fitch by 3.9% during the 4th quarter. Kestra Advisory Services LLC now owns 4,055 shares of the apparel retailer's stock worth $510,000 after purchasing an additional 151 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Abercrombie & Fitch by 94.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer's stock worth $44,000 after buying an additional 170 shares during the last quarter.

Wall Street Analysts Forecast Growth

ANF has been the topic of several research reports. Morgan Stanley reaffirmed an "equal weight" rating and issued a $87.00 price objective on shares of Abercrombie & Fitch in a research report on Monday, July 6th. Jefferies Financial Group lifted their price target on shares of Abercrombie & Fitch from $110.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday. The Goldman Sachs Group reiterated a "buy" rating and issued a $124.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday. Needham & Company LLC reissued a "buy" rating and issued a $108.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 27th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Abercrombie & Fitch in a research report on Tuesday, June 2nd. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $117.55.

Abercrombie & Fitch Price Performance

ANF opened at $112.56 on Thursday. The firm has a market capitalization of $5.00 billion, a P/E ratio of 10.80 and a beta of 0.90. Abercrombie & Fitch Company has a one year low of $65.45 and a one year high of $133.11. The company has a fifty day moving average price of $94.29 and a 200-day moving average price of $90.69.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Abercrombie & Fitch had a return on equity of 34.36% and a net margin of 9.34%.The firm's revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 earnings per share. Abercrombie & Fitch has set its Q2 2026 guidance at 1.800-2.000 EPS and its FY 2026 guidance at 10.200-11.000 EPS. On average, analysts expect that Abercrombie & Fitch Company will post 10.46 earnings per share for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 10,000 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $115.00, for a total value of $1,150,000.00. Following the sale, the chief operating officer owned 152,534 shares of the company's stock, valued at $17,541,410. This trade represents a 6.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 30,000 shares of company stock valued at $3,300,000. Company insiders own 2.33% of the company's stock.

About Abercrombie & Fitch

Abercrombie & Fitch Co NYSE: ANF is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.

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