OMERS ADMINISTRATION Corp Boosts Stock Position in Abercrombie & Fitch Company $ANF

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Abercrombie & Fitch by 60.3%, now holding 14,426 shares valued at approximately $1.10 million.
• Abercrombie & Fitch reported a quarterly EPS of $2.32, exceeding analyst expectations of $2.27, with revenues up 6.6% year-over-year.
• Several analysts have adjusted their price targets for Abercrombie & Fitch, with Morgan Stanley setting a target of $93.00 while Jefferies lowered its target from $170.00 to $135.00.

OMERS ADMINISTRATION Corp boosted its stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 60.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,426 shares of the apparel retailer's stock after buying an additional 5,426 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Abercrombie & Fitch were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in Abercrombie & Fitch by 161.4% during 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 in the last quarter. Versant Capital Management Inc increased its stake in shares of Abercrombie & Fitch by 55.6% during the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after purchasing an additional 260 shares in the last quarter. IFP Advisors Inc raised its position in shares of Abercrombie & Fitch by 166.7% during the 1st 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. grew its holdings in Abercrombie & Fitch by 68.0% during the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock valued at $69,000 after buying an additional 366 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in Abercrombie & Fitch during the first quarter worth $76,000.

Insider Activity

In other Abercrombie & Fitch news, EVP Jay Rust sold 1,500 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $93.15, for a total value of $139,725.00. Following the completion of the sale, the executive vice president owned 6,648 shares of the company's stock, valued at $619,261.20. This trade represents a 18.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James A. Goldman sold 5,072 shares of the business's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $96.18, for a total transaction of $487,824.96. Following the transaction, 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. 2.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ANF has been the topic of several recent research reports. Morgan Stanley set a $93.00 price objective on Abercrombie & Fitch in a research report on Thursday, August 28th. JPMorgan Chase & Co. decreased their price target on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday, August 28th. 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. UBS Group restated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, Citigroup reiterated a "neutral" rating and issued a $105.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $115.25.

Abercrombie & Fitch Stock Up 1.9%

Shares of ANF stock traded up $1.80 on Friday, reaching $95.28. 1,661,672 shares of the stock were exchanged, compared to its average volume of 2,101,159. The stock has a market cap of $4.54 billion, a P/E ratio of 9.01 and a beta of 1.44. The firm has a 50 day moving average of $94.46 and a two-hundred day moving average of $84.40. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $167.71.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, topping the consensus estimate of $2.27 by $0.05. The company had revenue of $1.21 billion during 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 firm's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm 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 research analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal 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.