Campbell & CO Investment Adviser LLC Acquires 28,853 Shares of Abercrombie & Fitch Company $ANF

Key Points

• Campbell & CO Investment Adviser LLC increased its holdings in Abercrombie & Fitch by 424.7% in Q1 2024, owning approximately $2.72 million worth of the stock at quarter's end.
• Abercrombie & Fitch reported earnings of $1.59 per share for the recent quarter, exceeding analysts' expectations, and its revenue grew by 7.5% year-over-year.
• The stock currently has a consensus rating of "Moderate Buy" among analysts, with a target price of approximately $112.75.

Campbell & CO Investment Adviser LLC lifted its stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 424.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,646 shares of the apparel retailer's stock after acquiring an additional 28,853 shares during the quarter. Campbell & CO Investment Adviser LLC owned approximately 0.07% of Abercrombie & Fitch worth $2,722,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. increased its position in Abercrombie & Fitch by 161.4% during 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 increased its holdings in shares of Abercrombie & Fitch by 55.6% during 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 in the last quarter. IFP Advisors Inc increased its holdings in shares of Abercrombie & Fitch by 166.7% during 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 in the last quarter. Reyes Financial Architecture Inc. increased its holdings in shares of Abercrombie & Fitch by 68.0% in the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock valued at $69,000 after purchasing an additional 366 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Abercrombie & Fitch during the 1st quarter worth $76,000.

Abercrombie & Fitch Trading Up 1.5%

NYSE:ANF traded up $1.45 on Thursday, hitting $96.81. The company had a trading volume of 2,145,771 shares, compared to its average volume of 2,453,558. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $167.71. The firm has a 50 day moving average of $92.38 and a two-hundred day moving average of $85.21. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 9.53 and a beta of 1.54.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.05. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the prior year, the company posted $2.50 EPS. The company's revenue was up 6.6% on a year-over-year basis. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. As a group, equities analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Citigroup restated a "neutral" rating and set a $105.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, August 20th. Telsey Advisory Group restated an "outperform" rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday. Jefferies Financial Group decreased their price target on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $112.00.

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.