Principal Financial Group Inc. Has $9.54 Million Stake in Abercrombie & Fitch Company $ANF

Key Points

• Principal Financial Group cut its Abercrombie & Fitch stake by 48.1% in the first quarter, leaving it with 104,384 shares valued at about $9.54 million.
• Abercrombie & Fitch reported better-than-expected Q1 earnings of $1.47 per share, though revenue of $1.11 billion slightly missed estimates; the company also raised guidance for Q2 2026 and FY 2026.
• Wall Street remains generally constructive on the stock, with a Moderate Buy consensus and an average price target of $111.91, even as some analysts maintain cautious ratings.

Principal Financial Group Inc. reduced its position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 48.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,384 shares of the apparel retailer's stock after selling 96,799 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Abercrombie & Fitch worth $9,538,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bbfit Investments PTE Ltd. bought a new position in Abercrombie & Fitch during the fourth quarter worth $205,539,000. Wellington Management Group LLP boosted its position in Abercrombie & Fitch by 5,749.6% during the third quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer's stock valued at $102,148,000 after acquiring an additional 1,173,601 shares during the last quarter. AQR Capital Management LLC boosted its position in Abercrombie & Fitch by 56.0% during the fourth quarter. AQR Capital Management LLC now owns 2,504,240 shares of the apparel retailer's stock valued at $315,209,000 after acquiring an additional 898,884 shares during the last quarter. Norges Bank acquired a new stake in Abercrombie & Fitch during the 4th quarter worth about $98,961,000. Finally, M&T Bank Corp acquired a new stake in Abercrombie & Fitch during the 4th quarter worth about $86,383,000.

Abercrombie & Fitch Trading Up 3.2%

Shares of NYSE ANF opened at $93.82 on Friday. The firm's 50-day moving average price is $86.07 and its 200-day moving average price is $91.10. Abercrombie & Fitch Company has a 1-year low of $65.45 and a 1-year high of $133.11. The firm has a market capitalization of $4.17 billion, a P/E ratio of 9.00 and a beta of 0.89.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its earnings results on Wednesday, May 27th. The apparel retailer reported $1.47 EPS for the quarter, beating the consensus estimate of $1.26 by $0.21. Abercrombie & Fitch had a return on equity of 34.36% and a net margin of 9.34%.The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business posted $1.59 EPS. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. Abercrombie & Fitch has set its Q2 2026 guidance at 1.800-2.000 EPS and its FY 2026 guidance at 10.200-11.000 EPS. Equities research analysts forecast that Abercrombie & Fitch Company will post 10.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. BTIG Research reissued a "buy" rating and issued a $120.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, May 27th. Barclays raised their target price on Abercrombie & Fitch from $76.00 to $78.00 and gave the stock an "underweight" rating in a research note on Thursday, May 28th. Weiss Ratings reissued a "hold (c)" rating on shares of Abercrombie & Fitch in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their price target on Abercrombie & Fitch from $107.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday, May 28th. Finally, Needham & Company LLC restated a "buy" rating and set a $108.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, May 27th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.91.

Abercrombie & Fitch 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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