Abercrombie & Fitch Company $ANF Shares Acquired by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its holdings in Abercrombie & Fitch Company by 11.5% during the first quarter, owning approximately 0.53% of the company with a value of about $19.4 million.
• Various institutional investors have significantly altered their stakes in Abercrombie & Fitch, with Pacer Advisors increasing their stake by an astonishing 3,113.1% in the same period.
• Abercrombie & Fitch's latest quarterly earnings showed an EPS of $1.59, surpassing analyst expectations and indicating a 7.5% year-over-year revenue growth.

T. Rowe Price Investment Management Inc. raised its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 254,335 shares of the apparel retailer's stock after acquiring an additional 26,252 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.53% of Abercrombie & Fitch worth $19,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. grew its position 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 valued at $45,000 after purchasing an additional 360 shares in the last quarter. Versant Capital Management Inc raised its stake 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 valued at $56,000 after acquiring an additional 260 shares during the last quarter. IFP Advisors Inc raised its stake 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 acquiring an additional 530 shares during the last quarter. Reyes Financial Architecture Inc. raised its stake in Abercrombie & Fitch by 68.0% in the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock worth $69,000 after buying an additional 366 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new position in Abercrombie & Fitch in the first quarter worth about $76,000.

Abercrombie & Fitch Stock Down 4.0%

Shares of NYSE ANF traded down $3.82 during trading on Friday, hitting $92.71. The company had a trading volume of 1,165,846 shares, compared to its average volume of 2,445,449. The stock has a fifty day simple moving average of $92.79 and a two-hundred day simple moving average of $85.10. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 8.79 and a beta of 1.54. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $167.71.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.05. The firm 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 company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm 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, analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup reiterated a "neutral" rating and set a $105.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Morgan Stanley set a $93.00 price target on shares of Abercrombie & Fitch in a research note on Thursday. Raymond James Financial set a $105.00 price target on shares of Abercrombie & Fitch and gave the stock an "outperform" rating in a research note on Thursday. UBS Group reissued a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.25.

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.