Kovitz Investment Group Partners LLC Takes $5.19 Million Position in Abercrombie & Fitch Company $ANF

Key Points

• Kovitz Investment Group Partners LLC invested $5.19 million in Abercrombie & Fitch, acquiring 67,965 shares of the retailer's stock during the 1st quarter.
• Analysts have mixed views on Abercrombie & Fitch's stock, with target prices ranging from $82 to $135 and a consensus rating of "Moderate Buy."
• Abercrombie & Fitch reported $1.59 earnings per share for the quarter, exceeding estimates by $0.24, with revenue up 7.5% year-over-year.

Kovitz Investment Group Partners LLC bought a new position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 67,965 shares of the apparel retailer's stock, valued at approximately $5,191,000. Kovitz Investment Group Partners LLC owned approximately 0.14% of Abercrombie & Fitch as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. UMB Bank n.a. increased its holdings in Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock valued at $45,000 after acquiring an additional 360 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Abercrombie & Fitch by 55.6% in the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after purchasing an additional 260 shares in the last quarter. IFP Advisors Inc increased its position in Abercrombie & Fitch by 166.7% in the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock worth $65,000 after purchasing an additional 530 shares during the last quarter. Reyes Financial Architecture Inc. raised 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 valued at $69,000 after purchasing an additional 366 shares in the last quarter. Finally, GeoWealth Management LLC purchased a new stake in Abercrombie & Fitch during the fourth quarter valued at $70,000.

Wall Street Analysts Forecast Growth

ANF has been the topic of a number of research reports. UBS Group restated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Barclays set a $84.00 price target on Abercrombie & Fitch and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Citigroup reaffirmed a "neutral" rating and issued a $105.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday. Jefferies Financial Group cut their target price 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. Finally, Telsey Advisory Group restated an "outperform" rating and set a $125.00 price target on shares of Abercrombie & Fitch in a report on Wednesday. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $112.75.

Abercrombie & Fitch Trading Up 1.0%

Shares of ANF traded up $0.88 during trading hours on Thursday, reaching $92.82. 1,053,913 shares of the company traded hands, compared to its average volume of 2,422,186. The stock's fifty day moving average price is $90.32 and its 200 day moving average price is $85.84. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 9.14 and a beta of 1.54. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $171.47.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.24. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.08 billion. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.14 EPS. 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, research 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.