Royce & Associates LP Invests $9.97 Million in Abercrombie & Fitch Company $ANF

Key Points

• Royce & Associates LP opened a new position in Abercrombie & Fitch, buying 79,182 shares worth about $9.97 million in the fourth quarter.
• Abercrombie & Fitch reported a strong quarter with EPS of $1.47, beating estimates, and record net sales of $1.11 billion as it posted its 14th consecutive quarter of growth.
• The company’s outlook was more cautious: it kept full-year guidance unchanged and guided Q2 EPS to $1.80-$2.00, below some analyst expectations, while noting softer demand pressures in parts of the business.

Royce & Associates LP purchased a new position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 79,182 shares of the apparel retailer's stock, valued at approximately $9,967,000. Royce & Associates LP owned about 0.17% of Abercrombie & Fitch as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ANF. Wellington Management Group LLP increased 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 purchasing an additional 1,173,601 shares during the last quarter. M&T Bank Corp acquired a new position in shares of Abercrombie & Fitch during the 4th quarter worth $86,383,000. Boston Partners increased its stake in shares of Abercrombie & Fitch by 102.5% during the 3rd quarter. Boston Partners now owns 1,094,023 shares of the apparel retailer's stock worth $92,940,000 after purchasing an additional 553,889 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Abercrombie & Fitch by 220.2% during the 2nd quarter. Bank of America Corp DE now owns 606,254 shares of the apparel retailer's stock worth $50,228,000 after purchasing an additional 416,924 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Abercrombie & Fitch by 41.2% in the 3rd quarter. American Century Companies Inc. now owns 1,176,990 shares of the apparel retailer's stock valued at $100,691,000 after buying an additional 343,288 shares during the last quarter.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $81.65 on Thursday. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 7.75 and a beta of 0.97. The company's fifty day moving average is $85.94 and its two-hundred day moving average is $94.49. Abercrombie & Fitch Company has a 52-week low of $65.45 and a 52-week high of $133.11.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Abercrombie & Fitch had a net margin of 9.63% and a return on equity of 36.36%. The business's quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the business posted $1.59 EPS. 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. As a group, sell-side analysts expect that Abercrombie & Fitch Company will post 10.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, March 4th. JPMorgan Chase & Co. lowered their target price on shares of Abercrombie & Fitch from $110.00 to $107.00 and set a "neutral" rating on the stock in a research note on Monday, May 18th. Raymond James Financial set a $92.00 target price on shares of Abercrombie & Fitch in a research note on Thursday, May 21st. BTIG Research reiterated a "buy" rating and issued a $120.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday. Finally, Jefferies Financial Group lowered their target price on shares of Abercrombie & Fitch from $135.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, March 4th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and a consensus price target of $116.00.

Key Stories Impacting Abercrombie & Fitch

Here are the key news stories impacting Abercrombie & Fitch this week:

• Positive Sentiment: ANF posted earnings per share of $1.47, topping estimates, and delivered record Q1 net sales of $1.11 billion, marking its 14th consecutive quarter of growth. Article Title
• Positive Sentiment: Sales were strong in the Americas (+3%) and especially APAC (+24%), showing the brand is still expanding internationally. Article Title
• Positive Sentiment: The company also returned capital to shareholders, repurchasing $105 million of stock in the quarter and keeping its full-year buyback plan in place. Article Title
• Neutral Sentiment: Management kept full-year guidance unchanged, signaling confidence but not a big raise to expectations. Article Title
• Negative Sentiment: There were still some headwinds: comparable sales fell 1%, Hollister sales were flat, and operating margin slipped to 8.0% from 9.3% a year ago due to higher expenses. Article Title
• Negative Sentiment: Second-quarter guidance was softer than analyst expectations, with EPS guided to $1.80-$2.00 versus a higher consensus estimate, reflecting pressure from weaker demand and Middle East disruption, particularly in EMEA and Hollister. Article Title

About Abercrombie & Fitch

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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