Swedbank AB Boosts Stock Position in Abercrombie & Fitch Company $ANF

Key Points

• Swedbank AB increased its stock position in Abercrombie & Fitch by 48.1% in Q2, now holding 242,468 shares worth approximately $20 million.
• Abercrombie & Fitch reported an earnings per share (EPS) of $2.32 for the last quarter, exceeding analysts' expectations of $2.27, alongside a 6.6% year-over-year revenue growth.
• Analysts have issued a consensus rating of "Moderate Buy" for Abercrombie & Fitch, with an average target price of $115.78.

Swedbank AB lifted its position in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 48.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 242,468 shares of the apparel retailer's stock after purchasing an additional 78,769 shares during the period. Swedbank AB owned 0.51% of Abercrombie & Fitch worth $20,088,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of Abercrombie & Fitch by 161.4% during the first 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 boosted its holdings in shares of Abercrombie & Fitch by 55.6% during 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 period. Parallel Advisors LLC boosted its holdings in shares of Abercrombie & Fitch by 178.6% during the second quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer's stock worth $68,000 after purchasing an additional 527 shares during the period. IFP Advisors Inc boosted its holdings 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 worth $65,000 after purchasing an additional 530 shares during the period. Finally, Bayforest Capital Ltd lifted its holdings in Abercrombie & Fitch by 102.9% in the first quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer's stock worth $65,000 after buying an additional 430 shares during the period.

Abercrombie & Fitch Trading Up 1.1%

NYSE:ANF opened at $90.86 on Friday. Abercrombie & Fitch Company has a 12 month low of $65.40 and a 12 month high of $167.71. The company has a market cap of $4.28 billion, a PE ratio of 8.60 and a beta of 1.44. The company has a 50 day simple moving average of $94.96 and a two-hundred day simple moving average of $83.66.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted 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 during 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 was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Research analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Insider Transactions at Abercrombie & Fitch

In other news, Director Kenneth B. Robinson sold 1,392 shares of Abercrombie & Fitch stock in a transaction on Friday, September 5th. The shares were sold at an average price of $94.60, for a total transaction of $131,683.20. Following the transaction, the director owned 5,880 shares in the company, valued at $556,248. This trade represents a 19.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James A. Goldman sold 5,072 shares of Abercrombie & Fitch stock in a transaction on Friday, August 29th. The stock was sold at an average price of $96.18, for a total transaction of $487,824.96. Following the transaction, the director owned 7,565 shares in the company, valued at $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 worth $759,233 in the last 90 days. 2.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group restated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. JPMorgan Chase & Co. lowered their price objective on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday, August 28th. BTIG Research assumed coverage on shares of Abercrombie & Fitch in a report on Thursday. They issued a "buy" rating and a $120.00 price objective for the company. Citigroup restated a "neutral" rating and issued a $105.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Finally, Morgan Stanley set a $93.00 price objective on shares of Abercrombie & Fitch in a report on Thursday, August 28th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.

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