Tenzing Global Management LLC Acquires Shares of 57,500 Abercrombie & Fitch Company $ANF

Key Points

• Tenzing Global Management LLC has acquired 57,500 shares of Abercrombie & Fitch Company, valued at approximately $4.39 million, representing about 3.2% of its portfolio.
• Several large investors increased their stakes in Abercrombie & Fitch during the first quarter, with Cambridge Investment Research Advisors raising its position by 197.2%.
• Abercrombie & Fitch reported a revenue increase of 6.6% year-over-year, with earnings per share of $2.32, exceeding analyst expectations.

Tenzing Global Management LLC purchased a new stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 57,500 shares of the apparel retailer's stock, valued at approximately $4,391,000. Abercrombie & Fitch makes up 3.2% of Tenzing Global Management LLC's holdings, making the stock its 13th biggest holding. Tenzing Global Management LLC owned 0.12% of Abercrombie & Fitch as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of 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 in the last quarter. Versant Capital Management Inc boosted its stake in shares of Abercrombie & Fitch by 55.6% in the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after buying an additional 260 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Abercrombie & Fitch by 166.7% in 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 in the last quarter. Reyes Financial Architecture Inc. boosted its position in Abercrombie & Fitch by 68.0% during the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock worth $69,000 after purchasing an additional 366 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new stake in Abercrombie & Fitch during the first quarter worth $76,000.

Analysts Set New Price Targets

ANF has been the topic of a number of research analyst reports. Morgan Stanley set a $93.00 target price on Abercrombie & Fitch in a research report on Thursday, August 28th. Raymond James Financial set a $105.00 target price on Abercrombie & Fitch and gave the stock an "outperform" rating in a research report on Thursday, August 28th. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. JPMorgan Chase & Co. decreased their target price on Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of "Moderate Buy" and an average target price of $115.25.

Abercrombie & Fitch Price Performance

ANF stock traded down $5.26 on Friday, hitting $88.98. 1,600,462 shares of the company were exchanged, compared to its average volume of 2,406,718. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 8.42 and a beta of 1.44. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $167.71. The business's fifty day moving average is $95.04 and its two-hundred day moving average is $84.20.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.05. The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $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. Equities research analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Jay Rust sold 1,500 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $93.15, for a total value of $139,725.00. Following the completion of the sale, the executive vice president directly owned 6,648 shares in the company, valued at approximately $619,261.20. This represents a 18.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James A. Goldman sold 5,072 shares of the company'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 $727,601.70. The trade was a 40.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,964 shares of company stock worth $759,233 over the last three months. 2.29% of the stock is owned by insiders.

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.