Paralel Advisors LLC Makes New Investment in Abercrombie & Fitch Company $ANF

Key Points

• Paralel Advisors LLC initiated a position in Abercrombie & Fitch during the second quarter, purchasing 25,310 shares valued at approximately $2.28 million, or 0.06% of the company.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $154.17, although Citigroup downgraded the stock to “neutral.”
• Abercrombie & Fitch reported strong quarterly results, earning $4.17 per share versus the $1.99 consensus estimate and generating $1.27 billion in revenue, up 4.8% year over year. Shares opened at $149.91, near their 52-week high of $154.58.

Paralel Advisors LLC bought a new position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,310 shares of the apparel retailer's stock, valued at approximately $2,278,000. Paralel Advisors LLC owned 0.06% of Abercrombie & Fitch as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in ANF. AQR Capital Management LLC lifted its position in Abercrombie & Fitch by 56.0% during the 4th quarter. AQR Capital Management LLC now owns 2,504,240 shares of the apparel retailer's stock worth $315,209,000 after acquiring an additional 898,884 shares during the period. Bbfit Investments PTE Ltd. acquired a new stake in shares of Abercrombie & Fitch during the fourth quarter worth $205,539,000. Dimensional Fund Advisors LP grew its position in Abercrombie & Fitch by 15.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,596,177 shares of the apparel retailer's stock valued at $145,823,000 after buying an additional 208,709 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Abercrombie & Fitch by 41.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,310,296 shares of the apparel retailer's stock worth $119,722,000 after buying an additional 384,845 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Abercrombie & Fitch by 5,749.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer's stock worth $102,148,000 after buying an additional 1,173,601 shares in the last quarter.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Gregory Henchel sold 30,000 shares of the company's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $146.65, for a total value of $4,399,500.00. Following the transaction, the executive vice president owned 33,681 shares of the company's stock, valued at approximately $4,939,318.65. This represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Scott Lipesky sold 5,000 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $149.00, for a total value of $745,000.00. Following the sale, the chief operating officer owned 147,534 shares of the company's stock, valued at $21,982,566. This trade represents a 3.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 70,800 shares of company stock valued at $9,301,752. 2.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ANF. Citigroup lowered Abercrombie & Fitch from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $135.00 to $156.00 in a report on Thursday, August 27th. Weiss Ratings raised Abercrombie & Fitch from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 14th. UBS Group boosted their target price on shares of Abercrombie & Fitch from $153.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. Raymond James Financial reiterated a "market perform" rating on shares of Abercrombie & Fitch in a report on Tuesday, August 18th. Finally, BTIG Research raised their price objective on shares of Abercrombie & Fitch from $120.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.17.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $149.91 on Monday. The stock has a fifty day moving average price of $107.48 and a 200 day moving average price of $94.10. The stock has a market cap of $6.66 billion, a PE ratio of 12.83, a P/E/G ratio of 1.31 and a beta of 0.97. Abercrombie & Fitch Company has a 1 year low of $65.45 and a 1 year high of $154.58.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its earnings results on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.99 by $2.18. Abercrombie & Fitch had a return on equity of 33.52% and a net margin of 10.03%.The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter in the previous year, the business earned $2.91 EPS. The company's revenue for the quarter was up 4.8% on a year-over-year basis. Abercrombie & Fitch has set its Q3 2026 guidance at 2.900-3.200 EPS and its FY 2026 guidance at 13.100-13.600 EPS. As a group, equities research analysts predict that Abercrombie & Fitch Company will post 11.4 earnings per share for the current year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co NYSE: ANF is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.

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