Optimize Financial Inc Makes New $632,000 Investment in Abercrombie & Fitch Company $ANF

Key Points

• Optimize Financial Inc has invested approximately $632,000 in Abercrombie & Fitch by acquiring 8,276 shares during the first quarter.
• Multiple large investors, such as Empowered Funds LLC and Dynamic Technology Lab Private Ltd, have also increased their holdings in Abercrombie & Fitch during this period.
• Analysts have varied target price adjustments for Abercrombie & Fitch, with JPMorgan lowering it from $151 to $145 while maintaining an "overweight" rating on the stock.

Optimize Financial Inc acquired a new stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,276 shares of the apparel retailer's stock, valued at approximately $632,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ANF. Virtue Capital Management LLC lifted its position in shares of Abercrombie & Fitch by 1.3% in the 4th quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer's stock worth $1,229,000 after buying an additional 102 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after buying an additional 260 shares during the last quarter. Covestor Ltd lifted its position in shares of Abercrombie & Fitch by 21.9% in the 1st quarter. Covestor Ltd now owns 1,456 shares of the apparel retailer's stock worth $111,000 after buying an additional 262 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after buying an additional 360 shares during the last quarter. Finally, Reyes Financial Architecture Inc. lifted its position in shares of Abercrombie & Fitch by 68.0% in the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock worth $69,000 after buying an additional 366 shares during the last quarter.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF traded down $6.60 during midday trading on Friday, reaching $87.64. 2,994,308 shares of the company traded hands, compared to its average volume of 2,416,067. 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 $95.04 and a 200 day moving average price of $84.20. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 8.29 and a beta of 1.44.

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

Insider Activity at Abercrombie & Fitch

In related news, Director Kenneth B. Robinson sold 1,392 shares of Abercrombie & Fitch stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $94.60, for a total transaction of $131,683.20. Following the sale, the director directly owned 5,880 shares in the company, valued at $556,248. The trade was a 19.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $93.15, for a total transaction of $139,725.00. Following the sale, the executive vice president owned 6,648 shares in the company, valued at approximately $619,261.20. This represents a 18.41% 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 worth $759,233 over the last ninety days. 2.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ANF. Telsey Advisory Group restated an "outperform" rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research report on Friday. Morgan Stanley set a $93.00 price target on shares of Abercrombie & Fitch in a research report on Thursday, August 28th. Citigroup restated a "neutral" rating and set a $105.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lowered their price target on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. Finally, Jefferies Financial Group lowered their price target on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus 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.