Fluent Financial LLC Buys New Position in Abercrombie & Fitch Company $ANF

Fluent Financial LLC bought a new stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 27,003 shares of the apparel retailer's stock, valued at approximately $2,237,000. Abercrombie & Fitch makes up approximately 0.9% of Fluent Financial LLC's portfolio, making the stock its 29th biggest holding. Fluent Financial LLC owned approximately 0.06% of Abercrombie & Fitch as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in Abercrombie & Fitch during the 2nd quarter worth approximately $38,000. UMB Bank n.a. increased its position in shares of Abercrombie & Fitch by 161.4% during the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after acquiring an additional 360 shares during the period. IFP Advisors Inc raised its stake in shares of Abercrombie & Fitch by 166.7% in the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock valued at $65,000 after acquiring an additional 530 shares in the last quarter. Bayforest Capital Ltd boosted its stake in shares of Abercrombie & Fitch by 102.9% in the 1st quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer's stock valued at $65,000 after buying an additional 430 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Abercrombie & Fitch by 178.6% during the 2nd quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer's stock worth $68,000 after acquiring an additional 527 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on ANF. Telsey Advisory Group reaffirmed an "outperform" rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Friday, September 12th. BTIG Research assumed coverage on shares of Abercrombie & Fitch in a research note on Thursday, September 18th. They issued a "buy" rating and a $120.00 price objective on the stock. Raymond James Financial set a $105.00 price target on Abercrombie & Fitch and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Weiss Ratings restated a "hold (c+)" rating on shares of Abercrombie & Fitch in a research note on Wednesday. Finally, Citigroup reaffirmed a "neutral" rating and issued a $105.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $111.11.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF opened at $76.19 on Thursday. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 7.21 and a beta of 1.45. The business's 50 day simple moving average is $92.30 and its 200-day simple moving average is $83.97. Abercrombie & Fitch Company has a 12 month low of $65.40 and a 12 month high of $167.71.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.05. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.Abercrombie & Fitch's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $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. On average, equities analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Kenneth B. Robinson sold 1,392 shares of the stock in a transaction dated Friday, September 5th. The shares were 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 of the company's stock, valued at approximately $556,248. This represents a 19.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James A. Goldman sold 5,072 shares of the firm's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $96.18, for a total transaction of $487,824.96. Following the transaction, the director owned 7,565 shares of the company's stock, valued at $727,601.70. This trade represents a 40.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,964 shares of company stock worth $759,233 in the last three months. Corporate insiders own 2.29% of the company's stock.

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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