MassMutual Private Wealth & Trust FSB Boosts Stake in Abercrombie & Fitch Company $ANF

Key Points

• MassMutual Private Wealth & Trust FSB increased its holdings in Abercrombie & Fitch by 35.8%, acquiring an additional 3,630 shares, bringing its total to 13,772 shares valued at approximately $1.14 million.
• Abercrombie & Fitch reported a quarterly EPS of $2.32, exceeding analysts' expectations of $2.27, and had a revenue of $1.21 billion, up 6.6% from the previous year.
• Equities research analysts set target prices for Abercrombie & Fitch, with estimates ranging from $84.00 to $125.00, while the stock currently has a consensus price target of $115.25.

MassMutual Private Wealth & Trust FSB increased its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 35.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,772 shares of the apparel retailer's stock after purchasing an additional 3,630 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Abercrombie & Fitch were worth $1,141,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ANF. ProShare Advisors LLC grew its stake in Abercrombie & Fitch by 41.1% during the fourth quarter. ProShare Advisors LLC now owns 16,555 shares of the apparel retailer's stock worth $2,474,000 after purchasing an additional 4,823 shares during the period. Toronto Dominion Bank acquired a new stake in Abercrombie & Fitch in the fourth quarter valued at approximately $399,000. Tidal Investments LLC grew its stake in Abercrombie & Fitch by 12.7% in the fourth quarter. Tidal Investments LLC now owns 9,869 shares of the apparel retailer's stock valued at $1,475,000 after acquiring an additional 1,112 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Abercrombie & Fitch by 24.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 116,930 shares of the apparel retailer's stock valued at $17,478,000 after acquiring an additional 23,188 shares during the period. Finally, Vise Technologies Inc. acquired a new stake in Abercrombie & Fitch in the fourth quarter valued at approximately $209,000.

Analyst Upgrades and Downgrades

ANF has been the subject of a number of research reports. UBS Group reissued a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Barclays set a $84.00 price objective on Abercrombie & Fitch and gave the company an "equal weight" rating in a research note on Thursday, May 29th. BTIG Research began coverage on Abercrombie & Fitch in a research note on Thursday. They issued a "buy" rating and a $120.00 price objective for the company. Morgan Stanley set a $93.00 target price on Abercrombie & Fitch in a report on Thursday, August 28th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a report on Friday, September 12th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $115.78.

Insider Activity

In other news, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James A. Goldman sold 5,072 shares of Abercrombie & Fitch stock in a transaction 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 transaction, 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 three months, insiders sold 7,964 shares of company stock worth $759,233. 2.29% of the stock is owned by corporate insiders.

Abercrombie & Fitch Stock Performance

NYSE:ANF traded up $0.95 during trading hours on Friday, reaching $90.86. The stock had a trading volume of 2,742,730 shares, compared to its average volume of 2,119,389. The stock has a 50 day simple moving average of $94.96 and a 200 day simple moving average of $83.66. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $167.71. The stock has a market cap of $4.28 billion, a P/E ratio of 8.60 and a beta of 1.44.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its 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. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the business posted $2.50 earnings per share. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. On average, equities analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

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.