Abercrombie & Fitch Company $ANF Shares Acquired by Citigroup Inc.

Key Points

• Citigroup Inc. has increased its holdings in Abercrombie & Fitch Company by 51% during the first quarter, purchasing an additional 33,850 shares, bringing its total to 100,242 shares valued at approximately $7.65 million.
• Several other hedge funds also significantly boosted their investments in Abercrombie & Fitch, with Bank of Nova Scotia raising its position by 430.8%, and XTX Topco Ltd. increasing its holdings by an impressive 1,664.7%.
• Abercrombie & Fitch reported a quarterly EPS of $1.59, exceeding analysts' expectations, with revenue of $1.10 billion, reflecting a 7.5% increase compared to the previous year.

Citigroup Inc. boosted its stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 51.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,242 shares of the apparel retailer's stock after purchasing an additional 33,850 shares during the period. Citigroup Inc. owned approximately 0.21% of Abercrombie & Fitch worth $7,655,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in Abercrombie & Fitch by 197.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,647 shares of the apparel retailer's stock worth $1,119,000 after purchasing an additional 9,719 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Abercrombie & Fitch by 11.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,013 shares of the apparel retailer's stock worth $536,000 after purchasing an additional 698 shares during the period. GAMMA Investing LLC raised its stake in Abercrombie & Fitch by 81.5% during the first quarter. GAMMA Investing LLC now owns 1,917 shares of the apparel retailer's stock worth $146,000 after purchasing an additional 861 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Abercrombie & Fitch during the first quarter worth approximately $144,000. Finally, LPL Financial LLC raised its stake in Abercrombie & Fitch by 99.3% during the first quarter. LPL Financial LLC now owns 31,114 shares of the apparel retailer's stock worth $2,376,000 after purchasing an additional 15,500 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Morgan Stanley increased 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 note on Thursday, May 29th. UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Citigroup reaffirmed a "neutral" rating and set a $105.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday. Jefferies Financial Group cut their target price 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, Raymond James Financial cut their target price on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $112.75.

Abercrombie & Fitch Stock Down 3.7%

Shares of ANF stock traded down $3.4850 during mid-day trading on Wednesday, reaching $91.3950. The company's stock had a trading volume of 1,191,361 shares, compared to its average volume of 2,425,295. The company's 50 day simple moving average is $90.06 and its 200-day simple moving average is $85.80. The firm has a market capitalization of $4.35 billion, a PE ratio of 9.00 and a beta of 1.54. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $171.47.

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

Abercrombie & Fitch Company 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.