Intech Investment Management LLC Has $4.59 Million Stake in Abercrombie & Fitch Company $ANF

Key Points

• Intech Investment Management LLC significantly increased its stake in Abercrombie & Fitch Company by 91.4%, owning $4.59 million worth of shares after acquiring an additional 28,722 shares in the first quarter.
• Abercrombie & Fitch reported an earnings per share (EPS) of $2.32, beating estimates and showing a 6.6% year-over-year revenue increase for the quarter.
• Wall Street analysts have mixed views on the stock, with target prices ranging from $84.00 to $145.00 and a consensus rating of "Moderate Buy."

Intech Investment Management LLC raised its position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 91.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,161 shares of the apparel retailer's stock after purchasing an additional 28,722 shares during the quarter. Intech Investment Management LLC owned 0.13% of Abercrombie & Fitch worth $4,594,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. raised its holdings 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 acquiring an additional 360 shares in the last quarter. Versant Capital Management Inc raised its holdings 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 acquiring an additional 260 shares in the last quarter. IFP Advisors Inc raised its holdings 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 acquiring an additional 530 shares in the last quarter. Bayforest Capital Ltd raised its holdings in Abercrombie & Fitch by 102.9% during the first quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer's stock worth $65,000 after acquiring an additional 430 shares in the last quarter. Finally, Reyes Financial Architecture Inc. raised its holdings 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 acquiring an additional 366 shares in the last quarter.

Abercrombie & Fitch Trading Down 7.0%

Abercrombie & Fitch stock opened at $87.64 on Friday. Abercrombie & Fitch Company has a 12 month low of $65.40 and a 12 month high of $167.71. The stock's 50 day moving average is $94.96 and its 200-day moving average is $84.11. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 8.29 and a beta of 1.44.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, beating the consensus estimate of $2.27 by $0.05. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the business earned $2.50 earnings per share. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. 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 research analysts predict that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday, August 28th. Morgan Stanley set a $93.00 target price on Abercrombie & Fitch in a report on Thursday, August 28th. Barclays set a $84.00 target price on Abercrombie & Fitch and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Citigroup reissued a "neutral" rating and set a $105.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. Finally, Jefferies Financial Group lowered their price target on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of "Moderate Buy" and an average target price of $115.25.

Insider Activity at Abercrombie & Fitch

In related news, EVP Jay Rust sold 1,500 shares of the business's 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 directly owned 6,648 shares in the company, valued at approximately $619,261.20. The trade was a 18.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James A. Goldman sold 5,072 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were 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 approximately $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. Over the last ninety days, insiders sold 7,964 shares of company stock worth $759,233. Company insiders own 2.29% of the company's stock.

Abercrombie & Fitch Company 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.

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