14,300 Shares in Abercrombie & Fitch Company $ANF Bought by Strs Ohio

Key Points

• Strs Ohio has acquired 14,300 shares of Abercrombie & Fitch, totaling approximately $1,092,000, as reported in its Form 13F filing.
• Several hedge funds significantly increased their stakes in Abercrombie & Fitch, with AQR Capital Management raising its stake by 198.2% during the first quarter.
• Abercrombie & Fitch's recent earnings report showed an EPS of $2.32, beating expectations and reflecting a 6.6% revenue increase year-over-year.

Strs Ohio purchased a new stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,300 shares of the apparel retailer's stock, valued at approximately $1,092,000.

Other large investors also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of Abercrombie & Fitch by 161.4% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after purchasing an additional 360 shares during the period. Versant Capital Management Inc lifted its stake in Abercrombie & Fitch by 55.6% in the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after purchasing an additional 260 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Abercrombie & Fitch by 166.7% during the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock valued at $65,000 after buying an additional 530 shares during the period. Bayforest Capital Ltd boosted its position in shares of Abercrombie & Fitch by 102.9% during the first quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer's stock valued at $65,000 after buying an additional 430 shares during the period. Finally, Reyes Financial Architecture Inc. grew its stake in shares of Abercrombie & Fitch by 68.0% during the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock valued at $69,000 after buying an additional 366 shares during the last quarter.

Abercrombie & Fitch Stock Down 3.4%

Shares of NYSE ANF traded down $3.14 during mid-day trading on Monday, reaching $87.76. 1,645,621 shares of the company were exchanged, compared to its average volume of 2,119,335. The firm has a 50-day moving average of $94.87 and a 200 day moving average of $83.67. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $167.71. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 8.30 and a beta of 1.44.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.21 billion during 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%. Abercrombie & Fitch'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, equities analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,392 shares of the stock in a transaction dated 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 directly owned 5,880 shares in the company, valued at approximately $556,248. This trade represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James A. Goldman sold 5,072 shares of the firm's stock in a transaction dated Friday, August 29th. The stock was 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 have sold 7,964 shares of company stock valued at $759,233 in the last ninety days. Corporate insiders own 2.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ANF shares. Telsey Advisory Group reissued an "outperform" rating and set a $125.00 price target on shares of Abercrombie & Fitch in a research note on Friday, September 12th. Citigroup reiterated a "neutral" rating and issued a $105.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, August 20th. Barclays set a $84.00 target price on Abercrombie & Fitch and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. cut their price target 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. Finally, BTIG Research assumed coverage on shares of Abercrombie & Fitch in a research note on Thursday. They issued a "buy" rating and a $120.00 price target on the stock. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $115.78.

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.