Deutsche Bank AG Reduces Holdings in Abercrombie & Fitch Company $ANF

Key Points

• Deutsche Bank AG reduced its stake in Abercrombie & Fitch by 7.1%, owning 46,639 shares valued at approximately $3.56 million at the end of the last quarter.
• Abercrombie & Fitch reported a $1.59 EPS for the last quarter, exceeding analysts' expectations, with a revenue increase of 7.5% year-over-year, totaling $1.10 billion.
• Analyst ratings vary, with a target price range for Abercrombie & Fitch set between $78 and $151, reflecting a consensus of "Moderate Buy" sentiment.

Deutsche Bank AG reduced its position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 7.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,639 shares of the apparel retailer's stock after selling 3,582 shares during the period. Deutsche Bank AG owned 0.10% of Abercrombie & Fitch worth $3,562,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Northern Trust Corp boosted its stake in shares of Abercrombie & Fitch by 24.7% during the 4th quarter. Northern Trust Corp now owns 745,723 shares of the apparel retailer's stock worth $111,463,000 after purchasing an additional 147,779 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Abercrombie & Fitch during the 1st quarter worth about $56,569,000. AQR Capital Management LLC lifted its holdings in shares of Abercrombie & Fitch by 0.7% during the 4th quarter. AQR Capital Management LLC now owns 655,857 shares of the apparel retailer's stock worth $98,031,000 after acquiring an additional 4,382 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in shares of Abercrombie & Fitch by 0.8% during the 1st quarter. Jupiter Asset Management Ltd. now owns 621,234 shares of the apparel retailer's stock worth $47,444,000 after acquiring an additional 5,006 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Abercrombie & Fitch by 6.4% during the 4th quarter. Nuveen Asset Management LLC now owns 552,374 shares of the apparel retailer's stock worth $82,563,000 after acquiring an additional 33,309 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ANF shares. Citigroup reiterated a "neutral" rating and set a $105.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday. Barclays set a $84.00 price objective on shares of Abercrombie & Fitch and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Raymond James Financial cut their price objective on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Abercrombie & Fitch from $141.00 to $151.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $112.75.

Abercrombie & Fitch Price Performance

NYSE ANF traded up $5.2290 during mid-day trading on Friday, hitting $98.1190. The company's stock had a trading volume of 2,743,485 shares, compared to its average volume of 1,900,804. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $171.47. The stock's fifty day simple moving average is $91.07 and its two-hundred day simple moving average is $85.57. The firm has a market capitalization of $4.67 billion, a P/E ratio of 9.66 and a beta of 1.54.

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

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.