Sivia Capital Partners LLC Purchases Shares of 4,202 Abercrombie & Fitch Company $ANF

Key Points

• Sivia Capital Partners LLC has made a new investment of approximately $348,000 in Abercrombie & Fitch, acquiring 4,202 shares in the second quarter.
• Abercrombie & Fitch has received positive ratings from multiple analysts, with a consensus price target of $115.78 and a rating of "Moderate Buy."
• Insider trading activities showed a substantial reduction in shares held by Director James A. Goldman, who sold over 5,000 shares, representing a 40.14% decrease in his position.

Sivia Capital Partners LLC bought a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,202 shares of the apparel retailer's stock, valued at approximately $348,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ANF. Virtue Capital Management LLC boosted its position in Abercrombie & Fitch by 1.3% in the 4th quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer's stock valued at $1,229,000 after buying an additional 102 shares during the period. 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. Versant Capital Management Inc raised its holdings in shares of Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after purchasing an additional 260 shares in the last quarter. Covestor Ltd lifted its position in shares of 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 purchasing an additional 262 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in Abercrombie & Fitch by 161.4% in the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock valued at $45,000 after buying an additional 360 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have recently commented on ANF. Raymond James Financial set a $105.00 price objective on Abercrombie & Fitch and gave the company an "outperform" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. dropped their price objective on Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday, August 28th. Citigroup reiterated a "neutral" rating and issued a $105.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Morgan Stanley set a $93.00 price objective on Abercrombie & Fitch in a report on Thursday, August 28th. Finally, Barclays set a $84.00 price target on Abercrombie & Fitch and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $115.78.

Abercrombie & Fitch Trading Down 2.6%

Shares of NYSE ANF traded down $2.35 during trading on Monday, reaching $88.55. The company had a trading volume of 435,647 shares, compared to its average volume of 2,394,907. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $167.71. The stock has a market capitalization of $4.17 billion, a PE ratio of 8.40 and a beta of 1.44. The stock has a 50-day moving average price of $94.96 and a two-hundred day moving average price of $83.66.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.05. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the previous year, the firm posted $2.50 earnings per share. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. 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.

Insider Activity

In other news, Director Kenneth B. Robinson sold 1,392 shares of Abercrombie & Fitch stock in a transaction on Friday, September 5th. The stock was sold at an average price of $94.60, for a total value of $131,683.20. Following the completion of the sale, the director owned 5,880 shares of the company's stock, valued at $556,248. The trade was a 19.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James A. Goldman sold 5,072 shares of Abercrombie & Fitch stock in a transaction on Friday, August 29th. The shares were sold at an average price of $96.18, for a total value of $487,824.96. Following the completion of the sale, the director directly owned 7,565 shares of the company's stock, valued at approximately $727,601.70. This represents a 40.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,964 shares of company stock valued at $759,233 over the last quarter. Company insiders own 2.29% of the company's stock.

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.