EFG Asset Management North America Corp. Increases Stake in Abercrombie & Fitch Company $ANF

Key Points

• EFG Asset Management North America Corp. increased its stake in Abercrombie & Fitch by 29.6%, acquiring an additional 7,429 shares in the first quarter, bringing its total holdings to 32,521 shares valued at approximately $2.48 million.
• Analysts have adjusted their price targets for Abercrombie & Fitch, with JPMorgan reducing its target from $151 to $145, while Morgan Stanley set a target at $93; the company's consensus rating remains a "Moderate Buy."
• Abercrombie & Fitch reported better-than-expected quarterly earnings with $2.32 EPS against an estimated $2.27, along with a revenue increase of 6.6% year-over-year, totaling $1.21 billion.

EFG Asset Management North America Corp. increased its holdings in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 29.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,521 shares of the apparel retailer's stock after acquiring an additional 7,429 shares during the period. EFG Asset Management North America Corp. owned about 0.07% of Abercrombie & Fitch worth $2,483,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in Abercrombie & Fitch by 161.4% in the 1st 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 during the last quarter. Versant Capital Management Inc increased its stake in Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after buying an additional 260 shares during the last quarter. IFP Advisors Inc increased its stake in Abercrombie & Fitch by 166.7% in the 1st quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock valued at $65,000 after buying an additional 530 shares during the last quarter. Reyes Financial Architecture Inc. increased its stake in Abercrombie & Fitch by 68.0% in the 1st 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 during the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new stake in Abercrombie & Fitch in the 1st quarter valued at about $76,000.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director James A. Goldman sold 5,072 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $727,601.70. The trade was a 40.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jay Rust sold 1,500 shares of the business'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. The trade was a 18.41% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.29% of the company's stock.

Abercrombie & Fitch Price Performance

NYSE:ANF traded up $0.11 during trading hours on Monday, hitting $95.48. The stock had a trading volume of 1,598,826 shares, compared to its average volume of 2,431,450. The company has a 50 day simple moving average of $94.46 and a two-hundred day simple moving average of $84.13. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 9.03 and a beta of 1.44. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $167.71.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.05. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business earned $2.50 EPS. The business's revenue for the quarter 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. Equities research analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on ANF. Barclays set a $84.00 price objective on shares of Abercrombie & Fitch and gave the company an "equal weight" rating in a research note on Thursday, May 29th. UBS Group restated a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. JPMorgan Chase & Co. decreased their price target on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, August 28th. Raymond James Financial set a $105.00 price target on shares of Abercrombie & Fitch and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $125.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, August 27th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Abercrombie & Fitch has a consensus rating of "Moderate Buy" and an average target price of $115.25.

Abercrombie & Fitch Company 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.