Deltec Asset Management LLC Sells 15,700 Shares of Abercrombie & Fitch Company $ANF

Key Points

• Deltec Asset Management LLC reduced its stake in Abercrombie & Fitch by 51.1%, selling 15,700 shares and leaving it with 15,000 shares valued at approximately $1.24 million.
• Abercrombie & Fitch's stock received several positive ratings from analysts, including a target price of $125.00 from Telsey Advisory Group and a Moderate Buy average rating from investment analysts.
• In its latest earnings report, Abercrombie & Fitch posted $2.32 EPS, beating estimates, with a revenue increase of 6.6% year-over-year, while setting fiscal year 2025 guidance of 10.000-10.500 EPS.

Deltec Asset Management LLC reduced its position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 51.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the apparel retailer's stock after selling 15,700 shares during the quarter. Deltec Asset Management LLC's holdings in Abercrombie & Fitch were worth $1,243,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Voya Investment Management LLC raised its stake in Abercrombie & Fitch by 0.6% during the first quarter. Voya Investment Management LLC now owns 31,095 shares of the apparel retailer's stock worth $2,375,000 after acquiring an additional 180 shares in the last quarter. Versant Capital Management Inc raised its stake in 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 acquiring an additional 260 shares in the last quarter. Covestor Ltd raised its stake in Abercrombie & Fitch by 21.9% during the first quarter. Covestor Ltd now owns 1,456 shares of the apparel retailer's stock worth $111,000 after acquiring an additional 262 shares in the last quarter. UMB Bank n.a. increased its stake in shares of 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 buying an additional 360 shares in the last quarter. Finally, Reyes Financial Architecture Inc. increased its stake 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 buying an additional 366 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ANF. Raymond James Financial set a $105.00 target price on Abercrombie & Fitch and gave the company an "outperform" rating in a research note on Thursday, August 28th. Telsey Advisory Group restated an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research note on Friday, September 12th. Citigroup restated a "neutral" rating and issued a $105.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, August 20th. BTIG Research began coverage on Abercrombie & Fitch in a research note on Thursday, September 18th. They issued a "buy" rating and a $120.00 target price for the company. Finally, Morgan Stanley set a $93.00 target price on Abercrombie & Fitch in a research note on Thursday, August 28th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $115.78.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director James A. Goldman sold 5,072 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $96.18, for a total transaction of $487,824.96. Following the transaction, the director owned 7,565 shares of the company's stock, valued at $727,601.70. The trade was a 40.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth B. Robinson sold 1,392 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $94.60, for a total value of $131,683.20. Following the transaction, the director directly owned 5,880 shares in the company, valued at $556,248. This trade represents a 19.14% decrease in their position. 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 90 days. 2.29% of the stock is currently owned by insiders.

Abercrombie & Fitch Stock Performance

Shares of Abercrombie & Fitch stock opened at $85.53 on Wednesday. The business's 50 day simple moving average is $94.13 and its 200 day simple moving average is $84.00. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $167.71. The firm has a market cap of $4.03 billion, a PE ratio of 8.09 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 analysts' consensus estimates of $2.27 by $0.05. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.Abercrombie & Fitch's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, equities research analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

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.

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