Corebridge Financial Inc. Cuts Stock Position in Abercrombie & Fitch Company $ANF

Key Points

• Corebridge Financial Inc. sold 2,859 shares of Abercrombie & Fitch, decreasing its ownership by 3.5%, now holding 79,591 shares worth approximately $6,078,000.
• Several hedge funds, including Pacer Advisors Inc. and Nuveen LLC, significantly increased their stakes in Abercrombie & Fitch, with Pacer Advisors boosting its position by over 3,100%.
• Wall Street analysts have a consensus target price of $115.25 for Abercrombie & Fitch, with five analysts rating it a "Buy" and expectations of $10.62 EPS for the current fiscal year.

Corebridge Financial Inc. cut its holdings in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,591 shares of the apparel retailer's stock after selling 2,859 shares during the quarter. Corebridge Financial Inc. owned approximately 0.17% of Abercrombie & Fitch worth $6,078,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ANF. UMB Bank n.a. raised its position in Abercrombie & Fitch by 161.4% in the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock valued at $45,000 after purchasing an additional 360 shares during the last quarter. Versant Capital Management Inc raised its position in Abercrombie & Fitch by 55.6% in the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after purchasing an additional 260 shares during the last quarter. IFP Advisors Inc raised its position in Abercrombie & Fitch by 166.7% in the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock valued at $65,000 after purchasing an additional 530 shares during the last quarter. Reyes Financial Architecture Inc. raised its position in 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 during the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new position in Abercrombie & Fitch in the first quarter valued at about $76,000.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock traded up $1.21 during mid-day trading on Wednesday, reaching $93.14. The stock had a trading volume of 851,223 shares, compared to its average volume of 2,440,127. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $167.71. The stock's 50-day simple moving average is $93.69 and its 200-day simple moving average is $84.57. The firm has a market capitalization of $4.44 billion, a PE ratio of 8.79 and a beta of 1.44.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its 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. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.Abercrombie & Fitch's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.50 earnings per share. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. On average, research analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ANF shares. JPMorgan Chase & Co. dropped their target price on Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. Raymond James Financial set a $105.00 price objective on Abercrombie & Fitch and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Morgan Stanley set a $93.00 price objective on Abercrombie & Fitch in a research report on Thursday, August 28th. Citigroup restated a "neutral" rating and set a $105.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. Finally, Jefferies Financial Group lowered their price objective on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $115.25.

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.