Nordea Investment Management AB Grows Stake in Abercrombie & Fitch Company $ANF

Key Points

• Nordea Investment Management AB increased its stake in Abercrombie & Fitch by 35.2% in Q2, now holding approximately 0.08% of the company's shares worth about $3.1 million.
• A number of hedge funds, including AQR Capital Management and Pacer Advisors, have also made significant increases in their holdings of Abercrombie & Fitch, reflecting growing institutional interest in the company.
• Analysts maintain a consensus rating of "Moderate Buy" for Abercrombie & Fitch, with price targets ranging from $93.00 to $125.00, indicating a generally positive outlook on the stock's performance.

Nordea Investment Management AB lifted its stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 35.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 37,055 shares of the apparel retailer's stock after acquiring an additional 9,645 shares during the period. Nordea Investment Management AB owned approximately 0.08% of Abercrombie & Fitch worth $3,102,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ANF. AQR Capital Management LLC lifted its stake in Abercrombie & Fitch by 198.2% in the first quarter. AQR Capital Management LLC now owns 1,955,927 shares of the apparel retailer's stock worth $144,582,000 after purchasing an additional 1,300,070 shares during the last quarter. American Century Companies Inc. increased its position in shares of Abercrombie & Fitch by 18.5% in the first quarter. American Century Companies Inc. now owns 806,980 shares of the apparel retailer's stock valued at $61,629,000 after acquiring an additional 126,050 shares during the period. Jupiter Asset Management Ltd. increased its position in shares of Abercrombie & Fitch by 0.8% in the first quarter. Jupiter Asset Management Ltd. now owns 621,234 shares of the apparel retailer's stock valued at $47,444,000 after acquiring an additional 5,006 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Abercrombie & Fitch by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 549,081 shares of the apparel retailer's stock valued at $41,934,000 after acquiring an additional 28,379 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Abercrombie & Fitch by 3,113.1% in the first quarter. Pacer Advisors Inc. now owns 506,088 shares of the apparel retailer's stock valued at $38,650,000 after acquiring an additional 490,337 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ANF shares. Weiss Ratings restated a "hold (c+)" rating on shares of Abercrombie & Fitch in a research report on Wednesday, October 8th. Morgan Stanley set a $93.00 price objective on shares of Abercrombie & Fitch in a research report on Thursday, August 28th. Telsey Advisory Group restated an "outperform" rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Friday, September 12th. Raymond James Financial set a $105.00 price objective on shares of Abercrombie & Fitch and gave the company an "outperform" rating in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $103.00 price target on shares of Abercrombie & Fitch in a research report on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Abercrombie & Fitch has a consensus rating of "Moderate Buy" and a consensus price target of $111.11.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $69.07 on Wednesday. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $164.80. The company's 50-day moving average is $87.16 and its 200 day moving average is $83.67. The stock has a market capitalization of $3.25 billion, a P/E ratio of 6.53 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.05. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The business's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior 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 anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director James A. Goldman sold 5,072 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $96.18, for a total value of $487,824.96. Following the sale, the director owned 7,565 shares in the company, valued at approximately $727,601.70. This represents a 40.14% 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 this link. Also, Director Kenneth B. Robinson sold 1,392 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $94.60, for a total transaction 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 trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,964 shares of company stock worth $759,233. 2.29% of the stock is currently owned by company insiders.

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.

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