Russell Investments Group Ltd. Cuts Stake in Abercrombie & Fitch Company $ANF

Key Points

• Russell Investments Group Ltd. reduced its stake in Abercrombie & Fitch by 29.7%, selling 16,261 shares and retaining 38,546 shares valued at approximately $2.94 million.
• Abercrombie & Fitch received mixed ratings from analysts, with targets ranging from $84.00 to $151.00, while maintaining an average target price of $112.75.
• The company's recent earnings report showed a quarterly EPS of $1.59, exceeding estimates and indicating a 7.5% year-over-year revenue growth.

Russell Investments Group Ltd. lessened its stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 29.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,546 shares of the apparel retailer's stock after selling 16,261 shares during the period. Russell Investments Group Ltd. owned 0.08% of Abercrombie & Fitch worth $2,944,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ANF. Mariner LLC grew its position in shares of Abercrombie & Fitch by 5.9% during the fourth quarter. Mariner LLC now owns 8,262 shares of the apparel retailer's stock valued at $1,235,000 after purchasing an additional 458 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Abercrombie & Fitch during the fourth quarter valued at about $230,000. First Trust Advisors LP grew its position in shares of Abercrombie & Fitch by 8.7% during the fourth quarter. First Trust Advisors LP now owns 45,709 shares of the apparel retailer's stock valued at $6,832,000 after purchasing an additional 3,650 shares in the last quarter. MML Investors Services LLC grew its position in shares of Abercrombie & Fitch by 45.0% during the fourth quarter. MML Investors Services LLC now owns 18,803 shares of the apparel retailer's stock valued at $2,810,000 after purchasing an additional 5,832 shares in the last quarter. Finally, Stifel Financial Corp grew its position in shares of 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 purchasing an additional 7,837 shares in the last quarter.

Abercrombie & Fitch Stock Performance

NYSE ANF traded down $3.97 during trading on Friday, hitting $92.55. The stock had a trading volume of 1,018,687 shares, compared to its average volume of 2,444,538. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 8.76 and a beta of 1.54. The stock has a 50 day simple moving average of $92.79 and a 200 day simple moving average of $85.10. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $167.71.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.05. The business had revenue of $1.21 billion for 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%. The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $2.50 earnings per share. 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, sell-side analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ANF. Morgan Stanley set a $93.00 price target on shares of Abercrombie & Fitch in a report on Thursday. Citigroup reaffirmed a "neutral" rating and issued a $105.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Barclays set a $84.00 price target on shares of Abercrombie & Fitch and gave the company an "equal weight" rating in a report on Thursday, May 29th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a report on Wednesday. Finally, Jefferies Financial Group lowered their price target on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and a consensus 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.