Fifth Third Bancorp Buys 4,749 Shares of Abercrombie & Fitch Company $ANF

Key Points

• Fifth Third Bancorp significantly increased its stake in Abercrombie & Fitch by 1,205.3%, acquiring an additional 4,749 shares, bringing its total holdings to 5,143 shares valued at approximately $426,000.
• Abercrombie & Fitch reported a quarterly earnings per share of $2.32, exceeding analysts' expectations, with a 6.6% increase in revenue year-over-year.
• Equities analysts have mixed outlooks for the company, with target prices ranging from $93.00 to $120.00, indicating a consensus rating of "Moderate Buy."

Fifth Third Bancorp increased its stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 1,205.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,143 shares of the apparel retailer's stock after purchasing an additional 4,749 shares during the period. Fifth Third Bancorp's holdings in Abercrombie & Fitch were worth $426,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ANF. AQR Capital Management LLC increased its position in shares of Abercrombie & Fitch by 198.2% in the first quarter. AQR Capital Management LLC now owns 1,955,927 shares of the apparel retailer's stock worth $144,582,000 after purchasing an additional 1,300,070 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Abercrombie & Fitch in the first quarter worth approximately $56,569,000. Pacer Advisors Inc. increased its position in shares of Abercrombie & Fitch by 3,113.1% in the first 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 purchased a new position in shares of Abercrombie & Fitch during the 1st quarter valued at about $32,924,000. Finally, Swedbank AB purchased a new position in shares of Abercrombie & Fitch during the 1st quarter valued at about $12,502,000.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $84.68 on Tuesday. The firm has a market cap of $3.99 billion, a P/E ratio of 8.01 and a beta of 1.44. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $167.71. The business's 50 day moving average price is $94.34 and its 200-day moving average price is $83.99.

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, topping analysts' consensus estimates of $2.27 by $0.05. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $2.50 EPS. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. As a group, equities analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Insider Transactions at Abercrombie & Fitch

In other news, Director Kenneth B. Robinson sold 1,392 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $94.60, for a total value of $131,683.20. Following the sale, the director directly owned 5,880 shares in the company, valued at approximately $556,248. This trade represents a 19.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $93.15, for a total value of $139,725.00. Following the completion of the sale, the executive vice president owned 6,648 shares in the company, valued at approximately $619,261.20. This represents a 18.41% decrease in their ownership of the stock. 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. 2.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Citigroup reissued a "neutral" rating and set a $105.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Morgan Stanley set a $93.00 price objective on Abercrombie & Fitch in a report on Thursday, August 28th. Raymond James Financial set a $105.00 price objective on Abercrombie & Fitch and gave the company an "outperform" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. decreased their price objective on Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday, August 28th. Finally, BTIG Research assumed coverage on Abercrombie & Fitch in a report on Thursday, September 18th. They set a "buy" rating and a $120.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and a consensus target price of $115.78.

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.

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