QRG Capital Management Inc. Purchases New Shares in Abercrombie & Fitch Company $ANF

Key Points

• QRG Capital Management Inc. has acquired a new stake in Abercrombie & Fitch, purchasing 9,437 shares valued at approximately $782,000 during the second quarter.
• Insider transactions showed a significant **40.14% decrease** in shares held by Director James A. Goldman, who sold 5,072 shares for nearly $488,000, alongside EVP Jay Rust, who sold 1,500 shares.
• Abercrombie & Fitch reported a quarterly earnings per share (EPS) of $2.32, surpassing expectations, with projected FY 2025 guidance set between **$10.000 and $10.500 EPS**.

QRG Capital Management Inc. purchased a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,437 shares of the apparel retailer's stock, valued at approximately $782,000.

Other hedge funds also recently bought and sold shares of the company. Voya Investment Management LLC grew its holdings in Abercrombie & Fitch by 0.6% during the 1st quarter. Voya Investment Management LLC now owns 31,095 shares of the apparel retailer's stock worth $2,375,000 after acquiring an additional 180 shares in the last quarter. Covestor Ltd grew its holdings in Abercrombie & Fitch by 21.9% during the 1st quarter. Covestor Ltd now owns 1,456 shares of the apparel retailer's stock worth $111,000 after acquiring an additional 262 shares in the last quarter. UMB Bank n.a. grew 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 worth $45,000 after acquiring an additional 360 shares in 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 worth $69,000 after acquiring an additional 366 shares in the last quarter. Finally, Bayforest Capital Ltd grew its holdings in Abercrombie & Fitch by 102.9% during the 1st quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer's stock worth $65,000 after acquiring an additional 430 shares in the last quarter.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director James A. Goldman sold 5,072 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $96.18, for a total transaction of $487,824.96. Following the completion of the transaction, the director directly owned 7,565 shares of the company's stock, valued at approximately $727,601.70. This trade represents a 40.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jay Rust sold 1,500 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $93.15, for a total transaction of $139,725.00. Following the transaction, the executive vice president directly owned 6,648 shares of the company's stock, valued at $619,261.20. This represents a 18.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,964 shares of company stock valued at $759,233. 2.29% of the stock is owned by insiders.

Abercrombie & Fitch Stock Up 0.8%

Shares of Abercrombie & Fitch stock opened at $76.78 on Friday. The firm has a market capitalization of $3.61 billion, a P/E ratio of 7.26 and a beta of 1.45. The company has a 50 day moving average price of $91.92 and a 200 day moving average price of $83.95. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $167.71.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, beating the consensus estimate of $2.27 by $0.05. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. Abercrombie & Fitch's revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $2.50 EPS. 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, research analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of Abercrombie & Fitch in a report on Thursday, September 18th. They issued a "buy" rating and a $120.00 price target on the stock. Raymond James Financial set a $105.00 price target on shares of Abercrombie & Fitch and gave the company an "outperform" rating in a report on Thursday, August 28th. Morgan Stanley set a $93.00 price target on shares of Abercrombie & Fitch in a report on Thursday, August 28th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $103.00 price target on shares of Abercrombie & Fitch in a report on Monday. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a report on Friday, September 12th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Abercrombie & Fitch presently has an average rating of "Moderate Buy" and an average price target of $111.11.

About Abercrombie & Fitch

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.

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