Ieq Capital LLC Sells 4,157 Shares of Abercrombie & Fitch Company $ANF

Key Points

• Ieq Capital LLC reduced its holdings in Abercrombie & Fitch by 40%, selling 4,157 shares during the 1st quarter, leaving them with 6,223 shares valued at $475,000.
• Abercrombie & Fitch reported $2.32 EPS for the quarter, surpassing estimates of $2.27, and its revenue reached $1.21 billion, exceeding expectations of $1.19 billion.
• The stock has experienced mixed analyst opinions, with price targets ranging from $93.00 to $170.00, and an average rating of "Moderate Buy".

Ieq Capital LLC cut its holdings in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 40.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,223 shares of the apparel retailer's stock after selling 4,157 shares during the quarter. Ieq Capital LLC's holdings in Abercrombie & Fitch were worth $475,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ANF. UMB Bank n.a. raised its stake in Abercrombie & Fitch by 161.4% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock valued at $45,000 after buying an additional 360 shares during the last quarter. Versant Capital Management Inc raised its stake in Abercrombie & Fitch by 55.6% during the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after buying an additional 260 shares during the last quarter. IFP Advisors Inc raised its stake in Abercrombie & Fitch by 166.7% during the 1st quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock valued at $65,000 after buying an additional 530 shares during the last quarter. Reyes Financial Architecture Inc. raised its stake in Abercrombie & Fitch by 68.0% during the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock valued at $69,000 after buying an additional 366 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new stake in Abercrombie & Fitch during the 1st quarter valued at $76,000.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,392 shares of the stock in a transaction 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 completion of the sale, the director owned 5,880 shares in the company, valued at approximately $556,248. This represents a 19.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James A. Goldman sold 5,072 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $96.18, for a total value of $487,824.96. Following the completion of the sale, the director owned 7,565 shares of the company's stock, valued at $727,601.70. The trade was a 40.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,964 shares of company stock worth $759,233. Corporate insiders own 2.29% of the company's stock.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF traded up $1.35 during midday trading on Wednesday, hitting $96.47. The company had a trading volume of 1,552,817 shares, compared to its average volume of 2,116,387. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $167.71. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 9.13 and a beta of 1.44. The company has a fifty day moving average of $94.99 and a two-hundred day moving average of $84.25.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.05. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The business 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 business posted $2.50 EPS. Abercrombie & Fitch's revenue for the quarter 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 expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on ANF. Citigroup reiterated a "neutral" rating and set a $105.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, August 20th. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Morgan Stanley set a $93.00 target price on shares of Abercrombie & Fitch in a research note on Thursday, August 28th. JPMorgan Chase & Co. decreased their target price on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, August 28th. Finally, Raymond James Financial set a $105.00 price objective on Abercrombie & Fitch and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.