Northern Trust Corp Has $55.33 Million Stock Position in Abercrombie & Fitch Company $ANF

Key Points

• Northern Trust Corp reduced its holdings in Abercrombie & Fitch Company by 2.8%, selling 21,167 shares, and now holds approximately 1.52% of the company valued at $55.33 million.
• Abercrombie & Fitch reported earnings of $1.59 per share, surpassing analysts' expectations of $1.35, while its revenue increased by 7.5% year-over-year to $1.10 billion.
• Several institutional investors have adjusted their positions in Abercrombie & Fitch, with American Century Companies increasing its stake by 18.5% during the same quarter.

Northern Trust Corp lowered its position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 724,556 shares of the apparel retailer's stock after selling 21,167 shares during the period. Northern Trust Corp owned 1.52% of Abercrombie & Fitch worth $55,334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in ANF. First Trust Advisors LP increased its stake in shares of Abercrombie & Fitch by 8.7% during the fourth quarter. First Trust Advisors LP now owns 45,709 shares of the apparel retailer's stock worth $6,832,000 after purchasing an additional 3,650 shares during the period. Stifel Financial Corp increased its stake in shares of Abercrombie & Fitch by 200.1% during the fourth quarter. Stifel Financial Corp now owns 11,753 shares of the apparel retailer's stock worth $1,757,000 after purchasing an additional 7,837 shares during the period. Hsbc Holdings PLC increased its stake in shares of Abercrombie & Fitch by 112.4% during the fourth quarter. Hsbc Holdings PLC now owns 23,991 shares of the apparel retailer's stock worth $3,562,000 after purchasing an additional 12,696 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Abercrombie & Fitch by 7.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 520,702 shares of the apparel retailer's stock worth $77,830,000 after purchasing an additional 37,752 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Abercrombie & Fitch by 120.0% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 3,747 shares of the apparel retailer's stock valued at $560,000 after buying an additional 2,044 shares during the period.

Abercrombie & Fitch Price Performance

Shares of Abercrombie & Fitch stock traded down $2.97 during trading on Friday, hitting $93.55. The company's stock had a trading volume of 2,190,525 shares, compared to its average volume of 2,246,682. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 8.85 and a beta of 1.54. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $167.71. The stock has a 50-day moving average price of $93.11 and a two-hundred day moving average price of $84.82.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, beating 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%.Abercrombie & Fitch's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior 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 predict that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Analysts Set New Price Targets

ANF has been the subject of several recent research reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday. Raymond James Financial set a $105.00 price target on Abercrombie & Fitch and gave the company an "outperform" rating in a research note on Thursday. JPMorgan Chase & Co. cut their target price on Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday. Morgan Stanley set a $93.00 target price on Abercrombie & Fitch in a research note on Thursday. Finally, UBS Group restated a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of "Moderate Buy" and a consensus price target of $115.25.

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.