Abercrombie & Fitch Company $ANF Shares Bought by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. increased its holdings in Abercrombie & Fitch by 712.9% in Q1, owning 11,771 shares valued at $899,000.
• Other institutional investors such as Envestnet Asset Management and Rockefeller Capital Management also significantly increased their stakes in Abercrombie & Fitch during the last quarter.
• Abercrombie & Fitch reported Q1 earnings of $1.59 per share, exceeding estimates, with a revenue of $1.10 billion, up 7.5% year-over-year.

Fox Run Management L.L.C. boosted its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 712.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 11,771 shares of the apparel retailer's stock after purchasing an additional 10,323 shares during the period. Fox Run Management L.L.C.'s holdings in Abercrombie & Fitch were worth $899,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ANF. Assenagon Asset Management S.A. purchased a new stake in shares of Abercrombie & Fitch in the first quarter valued at about $56,569,000. Pacer Advisors Inc. boosted its holdings 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 valued at $38,650,000 after acquiring an additional 490,337 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Abercrombie & Fitch in the first quarter valued at about $32,924,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Abercrombie & Fitch by 306.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 237,882 shares of the apparel retailer's stock valued at $35,556,000 after acquiring an additional 179,419 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Abercrombie & Fitch by 24.7% in the fourth quarter. Northern Trust Corp now owns 745,723 shares of the apparel retailer's stock valued at $111,463,000 after acquiring an additional 147,779 shares in the last quarter.

Wall Street Analysts Forecast Growth

ANF has been the topic of several analyst reports. Barclays set a $84.00 target price on shares of Abercrombie & Fitch and gave the company an "equal weight" rating in a report on Thursday, May 29th. Jefferies Financial Group reduced their price objective on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Morgan Stanley raised their price objective on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. raised their price objective on shares of Abercrombie & Fitch from $141.00 to $151.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $112.75.

Abercrombie & Fitch Trading Down 3.4%

Shares of NYSE ANF traded down $3.2160 during midday trading on Wednesday, reaching $91.6640. 1,420,713 shares of the stock were exchanged, compared to its average volume of 2,426,944. The company has a market capitalization of $4.37 billion, a P/E ratio of 9.03 and a beta of 1.54. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $171.47. The stock has a 50 day moving average price of $90.06 and a 200-day moving average price of $85.80.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 EPS for the quarter, topping the consensus estimate of $1.35 by $0.24. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business posted $2.14 earnings per share. Abercrombie & Fitch's revenue for the quarter was up 7.5% compared to the same quarter last year. Abercrombie & Fitch has set its FY 2025 guidance at 9.500-10.500 EPS. Q2 2025 guidance at 2.100-2.300 EPS. On average, analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Abercrombie & Fitch 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.