Engineers Gate Manager LP Makes New $703,000 Investment in Abercrombie & Fitch Company $ANF

Key Points

• Engineers Gate Manager LP acquired 7,808 Abercrombie & Fitch shares worth approximately $703,000 in the second quarter, joining several other hedge funds that initiated positions.
• Abercrombie reported quarterly EPS of $4.17, exceeding the $1.99 analyst consensus, while revenue rose 4.8% year over year to $1.27 billion. The company issued fiscal 2026 EPS guidance of $13.10–$13.60.
• Analyst sentiment is broadly positive, with the stock holding a “Moderate Buy” consensus and an average price target of $155.38; however, company insiders sold 72,800 shares worth about $9.6 million over the past three months.

Engineers Gate Manager LP acquired a new position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,808 shares of the apparel retailer's stock, valued at approximately $703,000.

A number of other hedge funds also recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in Abercrombie & Fitch in the 2nd quarter valued at $86,000. Maven Securities LTD bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth about $1,108,000. Baird Financial Group Inc. bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth about $20,035,000. Empirical Finance LLC acquired a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at about $669,000. Finally, Nykredit A S acquired a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at about $171,000.

Abercrombie & Fitch Trading Up 0.5%

Shares of NYSE ANF opened at $136.39 on Tuesday. Abercrombie & Fitch Company has a 1 year low of $65.45 and a 1 year high of $155.22. The firm's 50-day moving average is $118.94 and its 200-day moving average is $97.69. The firm has a market capitalization of $5.79 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.19 and a beta of 0.97.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $2.18. The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.25 billion. Abercrombie & Fitch had a net margin of 10.03% and a return on equity of 33.52%. The business's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $2.91 earnings per share. Abercrombie & Fitch has set its Q3 2026 guidance at 2.900-3.200 EPS and its FY 2026 guidance at 13.100-13.600 EPS. As a group, equities research analysts anticipate that Abercrombie & Fitch Company will post 11.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. UBS Group boosted their price target on Abercrombie & Fitch from $153.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Weiss Ratings raised Abercrombie & Fitch from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, September 16th. Barclays boosted their target price on shares of Abercrombie & Fitch from $114.00 to $155.00 and gave the company an "equal weight" rating in a research note on Thursday, August 27th. Wall Street Zen raised Abercrombie & Fitch from a "hold" rating to a "buy" rating in a research note on Saturday, September 12th. Finally, Telsey Advisory Group increased their target price on Abercrombie & Fitch from $118.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $155.38.

Insider Buying and Selling

In related news, EVP Gregory Henchel sold 30,000 shares of the company's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $146.65, for a total value of $4,399,500.00. Following the completion of the sale, the executive vice president owned 33,681 shares in the company, valued at approximately $4,939,318.65. This represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jay Rust sold 5,000 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $147.50, for a total value of $737,500.00. Following the transaction, the executive vice president owned 15,651 shares in the company, valued at approximately $2,308,522.50. This trade represents a 24.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 72,800 shares of company stock valued at $9,595,392 in the last three months. 2.33% of the stock is currently owned by company insiders.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co is a global, omnichannel specialty retailer that sells casual apparel, accessories and personal-care products through company-operated stores and digital channels. The company serves customers through its Abercrombie, abercrombie kids, Hollister and Gilly Hicks brands, which target a range of consumers and lifestyles.

Abercrombie & Fitch offers products including jeans, tops, dresses, outerwear, intimates, sleepwear, swimwear, accessories and fragrances. Its brands operate through retail locations and e-commerce platforms, with sales across North America, Europe, Asia and other international markets.

Founded in 1892 as an outdoor-goods retailer in New York City, the company later developed into a youth-focused apparel retailer and has since broadened its brand portfolio and customer appeal.

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