Raymond James Financial Inc. Sells 63,768 Shares of Abercrombie & Fitch Company $ANF

Key Points

• Raymond James Financial Inc. reduced its stake in Abercrombie & Fitch Company by 30.4%, now owning 146,119 shares worth approximately $11.16 million.
• Abercrombie & Fitch reported a quarterly earnings per share (EPS) of $2.32, exceeding analysts' expectations of $2.27, with a revenue increase of 6.6% year-over-year.
• Analysts currently maintain a consensus rating of "Moderate Buy" for Abercrombie & Fitch, with average target prices ranging from $105.00 to $145.00.

Raymond James Financial Inc. cut its stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 30.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 146,119 shares of the apparel retailer's stock after selling 63,768 shares during the period. Raymond James Financial Inc. owned approximately 0.31% of Abercrombie & Fitch worth $11,159,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Stifel Financial Corp raised its holdings in Abercrombie & Fitch by 200.1% during the fourth quarter. Stifel Financial Corp now owns 11,753 shares of the apparel retailer's stock valued at $1,757,000 after buying an additional 7,837 shares in the last quarter. Northern Trust Corp grew its holdings in Abercrombie & Fitch by 24.7% in the 4th quarter. Northern Trust Corp now owns 745,723 shares of the apparel retailer's stock valued at $111,463,000 after buying an additional 147,779 shares in the last quarter. Lido Advisors LLC lifted its position in shares of Abercrombie & Fitch by 62.8% during the 4th quarter. Lido Advisors LLC now owns 7,790 shares of the apparel retailer's stock worth $1,164,000 after buying an additional 3,005 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Abercrombie & Fitch by 51.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 44,033 shares of the apparel retailer's stock valued at $6,582,000 after buying an additional 14,913 shares during the period. Finally, AXA S.A. boosted its holdings in Abercrombie & Fitch by 9.9% in the fourth quarter. AXA S.A. now owns 79,350 shares of the apparel retailer's stock worth $11,860,000 after acquiring an additional 7,146 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently commented on ANF. Telsey Advisory Group reissued an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, August 27th. Jefferies Financial Group decreased their price objective 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. Citigroup reiterated a "neutral" rating and set a $105.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, August 20th. Barclays set a $84.00 price objective on shares of Abercrombie & Fitch and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Abercrombie & Fitch presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.25.

Insider Transactions at Abercrombie & Fitch

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

Abercrombie & Fitch Trading Up 2.0%

ANF stock traded up $1.87 during trading on Friday, reaching $95.35. 450,813 shares of the stock were exchanged, compared to its average volume of 2,428,944. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $167.71. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 9.01 and a beta of 1.44. The business has a 50 day moving average price of $94.21 and a 200-day moving average price of $84.49.

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

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.