Abercrombie & Fitch Company $ANF Shares Bought by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD increased its holdings in Abercrombie & Fitch by 5.5% in the first quarter, owning approximately 1.15% of the company valued at $41.9 million.
• Abercrombie & Fitch reported a $2.32 EPS for the last quarter, surpassing analyst expectations and setting its FY 2025 guidance between 10.000-10.500 EPS.
• JPMorgan Chase & Co. upgraded Abercrombie & Fitch's price target from $141.00 to $151.00, maintaining an "overweight" rating, amidst a consensus rating of "Moderate Buy" from multiple analysts.

Price T Rowe Associates Inc. MD grew its holdings in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 549,081 shares of the apparel retailer's stock after acquiring an additional 28,379 shares during the period. Price T Rowe Associates Inc. MD owned about 1.15% of Abercrombie & Fitch worth $41,934,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ANF. First Trust Advisors LP grew its stake in shares of Abercrombie & Fitch by 8.7% in the fourth quarter. First Trust Advisors LP now owns 45,709 shares of the apparel retailer's stock worth $6,832,000 after acquiring an additional 3,650 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Abercrombie & Fitch by 200.1% in the fourth quarter. Stifel Financial Corp now owns 11,753 shares of the apparel retailer's stock worth $1,757,000 after acquiring an additional 7,837 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Abercrombie & Fitch by 112.4% in the fourth quarter. Hsbc Holdings PLC now owns 23,991 shares of the apparel retailer's stock worth $3,562,000 after acquiring an additional 12,696 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Abercrombie & Fitch by 306.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 237,882 shares of the apparel retailer's stock worth $35,556,000 after acquiring an additional 179,419 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Abercrombie & Fitch by 24.7% in the fourth quarter. Northern Trust Corp now owns 745,723 shares of the apparel retailer's stock worth $111,463,000 after acquiring an additional 147,779 shares in the last quarter.

Abercrombie & Fitch Stock Performance

NYSE ANF traded down $3.00 during trading hours on Tuesday, hitting $90.53. The company had a trading volume of 601,728 shares, compared to its average volume of 2,439,509. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $167.71. The company has a market cap of $4.31 billion, a PE ratio of 8.57 and a beta of 1.44. The business has a 50 day moving average of $93.44 and a 200-day moving average of $84.52.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.05. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm posted $2.50 earnings per share. Abercrombie & Fitch's revenue for the quarter 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. Sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ANF. Raymond James Financial set a $105.00 price target on shares of Abercrombie & Fitch and gave the stock an "outperform" rating in a research note on Thursday. Citigroup reiterated a "neutral" rating and set a $105.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, August 20th. Jefferies Financial Group lowered their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Morgan Stanley set a $93.00 target price on shares of Abercrombie & Fitch in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, August 28th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and an average target price of $115.25.

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.