BI Asset Management Fondsmaeglerselskab A S Reduces Stock Position in Abercrombie & Fitch Company $ANF

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Abercrombie & Fitch by 14% during Q1, selling 16,133 shares and now owning 99,300 shares valued at approximately $7.58 million.
• Abercrombie & Fitch reported a quarterly EPS of $1.59, beating analyst expectations of $1.35, with revenues increasing 7.5% year-over-year to $1.10 billion.
• Equities analysts have a consensus "Moderate Buy" rating on Abercrombie & Fitch, with an average price target of $111.88.

BI Asset Management Fondsmaeglerselskab A S decreased its position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 14.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,300 shares of the apparel retailer's stock after selling 16,133 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned 0.21% of Abercrombie & Fitch worth $7,584,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ANF. Assenagon Asset Management S.A. purchased a new stake in Abercrombie & Fitch in the first quarter valued at approximately $56,569,000. Pacer Advisors Inc. raised its position in Abercrombie & Fitch by 3,113.1% in the first quarter. Pacer Advisors Inc. now owns 506,088 shares of the apparel retailer's stock valued at $38,650,000 after purchasing an additional 490,337 shares during the period. Nuveen LLC purchased a new stake in Abercrombie & Fitch in the first quarter valued at approximately $32,924,000. The Manufacturers Life Insurance Company raised its position in Abercrombie & Fitch by 306.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 237,882 shares of the apparel retailer's stock valued at $35,556,000 after purchasing an additional 179,419 shares during the period. Finally, Northern Trust Corp raised its position in Abercrombie & Fitch by 24.7% in the fourth quarter. Northern Trust Corp now owns 745,723 shares of the apparel retailer's stock valued at $111,463,000 after purchasing an additional 147,779 shares during the period.

Analyst Ratings Changes

A number of brokerages have issued reports on ANF. Raymond James Financial cut their target price on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. UBS Group reissued a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Barclays set a $84.00 price objective on Abercrombie & Fitch and gave the company an "equal weight" rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. lifted their target price on Abercrombie & Fitch from $141.00 to $151.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Jefferies Financial Group lowered their target price on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $112.75.

Abercrombie & Fitch Trading Up 5.6%

ANF traded up $5.2290 on Friday, hitting $98.1190. 2,743,485 shares of the company were exchanged, compared to its average volume of 1,900,804. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 9.66 and a beta of 1.54. The firm has a 50-day moving average price of $91.07 and a two-hundred day moving average price of $85.57. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $171.47.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 EPS for the quarter, beating the consensus estimate of $1.35 by $0.24. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%.Abercrombie & Fitch's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.14 earnings per share. Abercrombie & Fitch has set its FY 2025 guidance at 9.500-10.500 EPS. Q2 2025 guidance at 2.100-2.300 EPS. Equities analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

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.