Abercrombie & Fitch Company $ANF Shares Purchased by New Vernon Capital Holdings II LLC

Key Points

• New Vernon Capital Holdings II LLC increased its stake in Abercrombie & Fitch by 7,537.0% in Q1, acquiring a total of 150,907 shares valued at approximately $11.53 million.
• Several other institutional investors, including Ameriprise Financial and BNP Paribas, also raised their positions in Abercrombie & Fitch, indicating growing confidence in the stock.
• Abercrombie & Fitch reported earnings of $2.32 per share for the quarter, surpassing analyst expectations of $2.27, along with quarterly revenue of $1.21 billion, reflecting a 6.6% year-over-year increase.

New Vernon Capital Holdings II LLC boosted its position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 7,537.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,907 shares of the apparel retailer's stock after purchasing an additional 148,931 shares during the period. New Vernon Capital Holdings II LLC owned about 0.32% of Abercrombie & Fitch worth $11,525,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. AQR Capital Management LLC raised its stake in shares of Abercrombie & Fitch by 198.2% during the 1st quarter. AQR Capital Management LLC now owns 1,955,927 shares of the apparel retailer's stock worth $144,582,000 after buying an additional 1,300,070 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Abercrombie & Fitch by 18.5% during the 1st quarter. American Century Companies Inc. now owns 806,980 shares of the apparel retailer's stock worth $61,629,000 after purchasing an additional 126,050 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Abercrombie & Fitch during the 1st quarter worth $56,569,000. Jupiter Asset Management Ltd. boosted its position in shares of Abercrombie & Fitch by 0.8% during the 1st quarter. Jupiter Asset Management Ltd. now owns 621,234 shares of the apparel retailer's stock worth $47,444,000 after purchasing an additional 5,006 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Abercrombie & Fitch by 6.4% during the 4th quarter. Nuveen Asset Management LLC now owns 552,374 shares of the apparel retailer's stock worth $82,563,000 after purchasing an additional 33,309 shares in the last quarter.

Abercrombie & Fitch Stock Up 1.8%

Shares of ANF traded up $1.74 during trading hours on Wednesday, reaching $96.86. 781,626 shares of the company traded hands, compared to its average volume of 2,414,548. The stock has a market capitalization of $4.56 billion, a PE ratio of 9.16 and a beta of 1.44. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $167.71. The stock has a fifty day simple moving average of $94.85 and a 200 day simple moving average of $84.17.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.05. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $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. Research analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,392 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $94.60, for a total value of $131,683.20. Following the sale, the director directly owned 5,880 shares of the company's stock, valued at approximately $556,248. This trade represents a 19.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Goldman sold 5,072 shares of the firm's stock in a transaction dated 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 directly owned 7,565 shares in the company, valued at approximately $727,601.70. The trade was a 40.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,964 shares of company stock valued at $759,233 over the last quarter. Insiders own 2.29% of the company's stock.

Analyst Ratings Changes

ANF has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. Citigroup restated a "neutral" rating and set a $105.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. Telsey Advisory Group restated an "outperform" rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, August 27th. UBS Group restated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, Raymond James Financial set a $105.00 price target on Abercrombie & Fitch and gave the company an "outperform" rating in a research report on Thursday, August 28th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $115.25.

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.