Cinctive Capital Management LP Makes New $4.30 Million Investment in Abercrombie & Fitch Company $ANF

Key Points

• Cinctive Capital Management LP has acquired a new position in Abercrombie & Fitch Company, purchasing 56,292 shares valued at approximately $4.3 million, representing around 0.12% of the company.
• In the first quarter, multiple hedge funds, including UMB Bank n.a. and IFP Advisors Inc, significantly increased their stakes in Abercrombie & Fitch, indicating growing institutional interest in the retailer.
• Abercrombie & Fitch reported earnings of $2.32 per share for the latest quarter, surpassing estimates and showing a 6.6% increase in revenue year-over-year.

Cinctive Capital Management LP purchased a new position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 56,292 shares of the apparel retailer's stock, valued at approximately $4,299,000. Cinctive Capital Management LP owned 0.12% of Abercrombie & Fitch as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in Abercrombie & Fitch by 198.2% in the first quarter. AQR Capital Management LLC now owns 1,955,927 shares of the apparel retailer's stock worth $144,582,000 after purchasing an additional 1,300,070 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Abercrombie & Fitch during the 1st quarter worth $56,569,000. Pacer Advisors Inc. boosted its stake in Abercrombie & Fitch by 3,113.1% in the 1st quarter. Pacer Advisors Inc. now owns 506,088 shares of the apparel retailer's stock worth $38,650,000 after purchasing an additional 490,337 shares during the period. Nuveen LLC acquired a new stake in Abercrombie & Fitch in the 1st quarter valued at $32,924,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Abercrombie & Fitch by 369.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 206,777 shares of the apparel retailer's stock valued at $15,792,000 after purchasing an additional 162,744 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Telsey Advisory Group reissued an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, August 27th. Morgan Stanley set a $93.00 price target on Abercrombie & Fitch in a research report on Thursday, August 28th. JPMorgan Chase & Co. reduced their target price on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday, August 28th. UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, Raymond James Financial set a $105.00 target price on shares of Abercrombie & Fitch and gave the company an "outperform" rating in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of "Moderate Buy" and an average target price of $115.25.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF traded down $0.25 during mid-day trading on Tuesday, hitting $95.14. The company had a trading volume of 625,703 shares, compared to its average volume of 2,420,687. The company has a market capitalization of $4.53 billion, a PE ratio of 9.00 and a beta of 1.44. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $167.71. The firm has a fifty day moving average price of $94.71 and a 200 day moving average price of $84.09.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.05. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.50 EPS. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. Research analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Insider Activity

In other Abercrombie & Fitch news, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction on Friday, August 29th. The shares were sold at an average price of $93.15, for a total value of $139,725.00. Following the completion of the transaction, the executive vice president owned 6,648 shares of the company's stock, valued at approximately $619,261.20. The trade was a 18.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $487,824.96. Following the sale, the director owned 7,565 shares of the company's stock, valued at approximately $727,601.70. This represents a 40.14% 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 ninety days. Insiders own 2.29% of the company's stock.

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.