Deroy & Devereaux Private Investment Counsel Inc. Invests $26.68 Million in Abercrombie & Fitch Company $ANF

Key Points

• Deroy & Devereaux Private Investment Counsel Inc. invested approximately $26.68 million in Abercrombie & Fitch, acquiring 322,035 shares during the second quarter, giving them an approximate ownership stake of 0.68% in the company.
• Abercrombie & Fitch reported $2.32 earnings per share for the last quarter, exceeding estimates, with a net margin of 10.61% and year-over-year revenue growth of 6.6% to $1.21 billion.
• Analysts have mixed opinions on Abercrombie & Fitch, with reports indicating a consensus price target of $111.11, along with a mix of buy and hold ratings from various investment firms.

Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 322,035 shares of the apparel retailer's stock, valued at approximately $26,681,000. Deroy & Devereaux Private Investment Counsel Inc. owned approximately 0.68% of Abercrombie & Fitch as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ANF. Sequoia Financial Advisors LLC bought a new stake in Abercrombie & Fitch during the second quarter worth $217,000. Allspring Global Investments Holdings LLC raised its position in Abercrombie & Fitch by 88.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 168,759 shares of the apparel retailer's stock worth $14,896,000 after acquiring an additional 79,265 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Abercrombie & Fitch by 43.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,110 shares of the apparel retailer's stock worth $589,000 after acquiring an additional 2,158 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in Abercrombie & Fitch during the second quarter worth $254,000. Finally, Lmcg Investments LLC raised its position in Abercrombie & Fitch by 96.3% during the second quarter. Lmcg Investments LLC now owns 45,847 shares of the apparel retailer's stock worth $3,798,000 after acquiring an additional 22,486 shares in the last quarter.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $72.40 on Wednesday. The firm has a market capitalization of $3.41 billion, a PE ratio of 6.85 and a beta of 1.45. The company's 50-day moving average is $90.50 and its 200-day moving average is $83.92. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $167.71.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.05. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm earned $2.50 earnings per share. 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. Analysts predict that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Insider Activity at Abercrombie & Fitch

In related news, Director Kenneth B. Robinson sold 1,392 shares of the company's stock in a transaction dated Friday, September 5th. The shares were 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 approximately $556,248. This represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jay Rust sold 1,500 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $93.15, for a total transaction of $139,725.00. Following the completion of the transaction, the executive vice president owned 6,648 shares in the company, valued at $619,261.20. This trade represents a 18.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,964 shares of company stock worth $759,233. Corporate insiders own 2.29% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ANF shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $103.00 price target on shares of Abercrombie & Fitch in a research report on Monday, October 6th. Morgan Stanley set a $93.00 price target on shares of Abercrombie & Fitch in a research report on Thursday, August 28th. Citigroup reaffirmed a "neutral" rating and set a $105.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. BTIG Research started coverage on shares of Abercrombie & Fitch in a research report on Thursday, September 18th. They set a "buy" rating and a $120.00 price target on the stock. Finally, Raymond James Financial set a $105.00 price target on shares of Abercrombie & Fitch and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and a consensus price target of $111.11.

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.

Want to see what other hedge funds are holding ANF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Abercrombie & Fitch Company (NYSE:ANF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.