Stratos Wealth Advisors LLC Purchases 3,781 Shares of Abercrombie & Fitch Company $ANF

Key Points

• Stratos Wealth Advisors LLC increased its stake in Abercrombie & Fitch by 16.8% during Q2, owning 26,324 shares valued at approximately $2.18 million after acquiring an additional 3,781 shares.
• Abercrombie & Fitch reported $2.32 earnings per share for the last quarter, exceeding estimates, with revenues of $1.21 billion reflecting a 6.6% year-over-year growth.
• Several brokerages have given Abercrombie & Fitch a "Moderate Buy" rating, with price targets ranging from $93 to $125 following positive earnings reports and performance forecasts.

Stratos Wealth Advisors LLC boosted its stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 16.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,324 shares of the apparel retailer's stock after buying an additional 3,781 shares during the period. Stratos Wealth Advisors LLC owned approximately 0.06% of Abercrombie & Fitch worth $2,181,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in Abercrombie & Fitch by 197.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,647 shares of the apparel retailer's stock worth $1,119,000 after buying an additional 9,719 shares during the period. Fred Alger Management LLC acquired a new stake in Abercrombie & Fitch during the 1st quarter worth approximately $1,462,000. Wealth Enhancement Advisory Services LLC raised its holdings in Abercrombie & Fitch by 11.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,013 shares of the apparel retailer's stock worth $536,000 after buying an additional 698 shares during the period. Swedbank AB raised its holdings in Abercrombie & Fitch by 48.1% during the 2nd quarter. Swedbank AB now owns 242,468 shares of the apparel retailer's stock worth $20,088,000 after buying an additional 78,769 shares during the period. Finally, QRG Capital Management Inc. acquired a new stake in Abercrombie & Fitch during the 2nd quarter worth approximately $782,000.

Abercrombie & Fitch Trading Down 1.0%

Shares of ANF opened at $68.41 on Friday. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 6.47 and a beta of 1.45. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $164.80. The company's fifty day simple moving average is $88.48 and its 200 day simple moving average is $83.72.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its 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. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $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. As a group, research analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Insiders Place Their Bets

In other Abercrombie & Fitch news, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction on Friday, August 29th. The shares were sold at an average price of $93.15, for a total transaction 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 $619,261.20. The trade was a 18.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $131,683.20. Following the transaction, the director directly owned 5,880 shares of the company's stock, valued at approximately $556,248. This trade represents a 19.14% decrease in their ownership of the stock. 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 ninety days. 2.29% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on ANF. Weiss Ratings restated a "hold (c+)" rating on shares of Abercrombie & Fitch in a report on Wednesday, October 8th. Telsey Advisory Group reiterated an "outperform" rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a report on Friday, September 12th. Raymond James Financial set a $105.00 price objective 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 objective on shares of Abercrombie & Fitch in a report on Thursday, August 28th. Finally, Citigroup reiterated a "neutral" rating and issued a $105.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $111.11.

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.

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