FORA Capital LLC Acquires Shares of 34,534 Abercrombie & Fitch Company $ANF

Key Points

• FORA Capital LLC has invested approximately $2.64 million in Abercrombie & Fitch, acquiring 34,534 shares during the first quarter.
• Several other institutional investors have also increased their stakes in Abercrombie & Fitch, with notable purchases including UMB Bank's 161.4% increase in ownership.
• Analysts are optimistic about Abercrombie & Fitch, with a consensus rating of "Moderate Buy" and an average target price of $112.75.

FORA Capital LLC purchased a new position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 34,534 shares of the apparel retailer's stock, valued at approximately $2,637,000. FORA Capital LLC owned approximately 0.07% of Abercrombie & Fitch at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in 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 buying an additional 360 shares during the period. Versant Capital Management Inc grew its stake in Abercrombie & Fitch by 55.6% during the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after buying an additional 260 shares during the period. IFP Advisors Inc grew its stake in Abercrombie & Fitch by 166.7% during the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock worth $65,000 after buying an additional 530 shares during the period. Reyes Financial Architecture Inc. grew its stake in Abercrombie & Fitch by 68.0% during the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock worth $69,000 after buying an additional 366 shares during the period. Finally, Compagnie Lombard Odier SCmA purchased a new stake in Abercrombie & Fitch during the first quarter worth approximately $76,000.

Abercrombie & Fitch Trading Down 3.1%

ANF traded down $2.97 on Friday, reaching $93.55. The company had a trading volume of 2,190,525 shares, compared to its average volume of 2,246,682. The company has a fifty day moving average of $93.11 and a 200-day moving average of $84.82. The company has a market capitalization of $4.46 billion, a P/E ratio of 8.85 and a beta of 1.54. 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 announced 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. 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 quarter in the prior year, the firm posted $2.50 EPS. Abercrombie & Fitch's revenue was up 6.6% compared to the same quarter last year. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. Research analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on ANF shares. Barclays set a $84.00 target price on shares of Abercrombie & Fitch and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. reduced their target price on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday. Jefferies Financial Group reduced their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Citigroup reissued a "neutral" rating and set a $105.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. Finally, Morgan Stanley set a $93.00 price target on shares of Abercrombie & Fitch in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $115.25.

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.