Easterly Investment Partners LLC Purchases 26,282 Shares of Abercrombie & Fitch Company $ANF

Key Points

• Easterly Investment Partners LLC increased its stake in Abercrombie & Fitch by 73.8%, acquiring an additional 26,282 shares to own a total of 61,909 shares valued at approximately $5.1 million.
• The apparel retailer reported a net income of $2.32 EPS, surpassing analysts' expectations, with revenues of $1.21 billion, up 6.6% year-over-year.
• Equities analysts have given Abercrombie & Fitch an average rating of "Moderate Buy" with a target price of $111.11, reflecting positive sentiment amid recent stock performance.

Easterly Investment Partners LLC grew its position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 73.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,909 shares of the apparel retailer's stock after buying an additional 26,282 shares during the quarter. Easterly Investment Partners LLC owned approximately 0.13% of Abercrombie & Fitch worth $5,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ANF. AQR Capital Management LLC grew its holdings in Abercrombie & Fitch by 198.2% during the 1st quarter. AQR Capital Management LLC now owns 1,955,927 shares of the apparel retailer's stock worth $144,582,000 after acquiring an additional 1,300,070 shares during the last quarter. Pacer Advisors Inc. raised its position in Abercrombie & Fitch by 3,113.1% in the 1st quarter. Pacer Advisors Inc. now owns 506,088 shares of the apparel retailer's stock worth $38,650,000 after purchasing an additional 490,337 shares during the last quarter. Nuveen LLC acquired a new position in Abercrombie & Fitch during the 1st quarter worth $32,924,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in Abercrombie & Fitch during the 2nd quarter worth $26,681,000. Finally, Swedbank AB bought a new position in Abercrombie & Fitch in the 1st quarter valued at $12,502,000.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director James A. Goldman sold 5,072 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $96.18, for a total value of $487,824.96. Following the transaction, the director owned 7,565 shares of the company's stock, valued at approximately $727,601.70. The trade was a 40.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jay Rust sold 1,500 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $619,261.20. This trade represents a 18.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,964 shares of company stock worth $759,233. Company insiders own 2.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ANF shares. Telsey Advisory Group restated an "outperform" rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research report on Friday, September 12th. Raymond James Financial set a $105.00 target price on shares of Abercrombie & Fitch and gave the company an "outperform" rating in a research report on Thursday, August 28th. Morgan Stanley set a $93.00 target price on shares of Abercrombie & Fitch in a research note on Thursday, August 28th. Citigroup reissued a "neutral" rating and set a $105.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, August 20th. Finally, BTIG Research started coverage on shares of Abercrombie & Fitch in a report on Thursday, September 18th. They issued a "buy" rating and a $120.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Abercrombie & Fitch has an average rating of "Moderate Buy" and an average price target of $111.11.

Abercrombie & Fitch Stock Performance

Shares of NYSE:ANF opened at $68.96 on Friday. The company has a market capitalization of $3.25 billion, a PE ratio of 6.52 and a beta of 1.45. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $167.71. The company has a 50 day moving average price of $89.17 and a two-hundred day moving average price of $83.79.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted 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 firm had revenue of $1.21 billion during 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%.The company's revenue was up 6.6% on a year-over-year basis. During the same period 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, sell-side analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share 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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