Truist Financial Corp Invests $527,000 in Abercrombie & Fitch Company $ANF

Truist Financial Corp purchased a new position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,363 shares of the apparel retailer's stock, valued at approximately $527,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. AQR Capital Management LLC increased its position in shares of Abercrombie & Fitch by 198.2% during the first quarter. AQR Capital Management LLC now owns 1,955,927 shares of the apparel retailer's stock valued at $144,582,000 after acquiring an additional 1,300,070 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Abercrombie & Fitch by 3,113.1% in the first quarter. Pacer Advisors Inc. now owns 506,088 shares of the apparel retailer's stock valued at $38,650,000 after purchasing an additional 490,337 shares during the period. Nuveen LLC purchased a new position in shares of Abercrombie & Fitch in the first quarter valued at approximately $32,924,000. Swedbank AB purchased a new position in shares of Abercrombie & Fitch in the first quarter valued at approximately $12,502,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Abercrombie & Fitch by 369.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 206,777 shares of the apparel retailer's stock valued at $15,792,000 after purchasing an additional 162,744 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $103.00 price target on shares of Abercrombie & Fitch in a research note on Monday, October 6th. BTIG Research assumed coverage on shares of Abercrombie & Fitch in a research report on Thursday, September 18th. They set a "buy" rating and a $120.00 price objective for the company. Telsey Advisory Group restated an "outperform" rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Friday, September 12th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Abercrombie & Fitch in a report on Wednesday, October 8th. Finally, Morgan Stanley set a $93.00 price objective on shares of Abercrombie & Fitch in a research note on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $111.11.

Abercrombie & Fitch Trading Down 1.3%

NYSE:ANF opened at $71.47 on Thursday. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 6.76 and a beta of 1.45. The company's 50-day moving average is $89.86 and its two-hundred day moving average is $83.84. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $167.71.

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, beating analysts' consensus estimates of $2.27 by $0.05. The company 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 company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company 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 research analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Insider Activity

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,392 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $94.60, for a total value of $131,683.20. Following 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 this link. Also, EVP Jay Rust sold 1,500 shares of the firm's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $93.15, for a total value of $139,725.00. Following the transaction, the executive vice president directly owned 6,648 shares in the company, valued at $619,261.20. This trade represents a 18.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,964 shares of company stock worth $759,233. 2.29% of the stock is currently owned by insiders.

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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