Union Bancaire Privee UBP SA Increases Stock Position in Abercrombie & Fitch Company $ANF

Key Points

• Union Bancaire Privee UBP SA increased its stake in Abercrombie & Fitch Company by 374.3%, now holding 7,939 shares worth $622,000.
• Multiple institutional investors have purchased stakes in Abercrombie & Fitch, with notable increases from GAMMA Investing LLC, which raised its position by 13,763.7%.
• The stock has a consensus rating of "Moderate Buy" with a target price of $115.78, according to research analyst reports following Abercrombie & Fitch's recent earnings report.

Union Bancaire Privee UBP SA raised its holdings in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 374.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,939 shares of the apparel retailer's stock after purchasing an additional 6,265 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Abercrombie & Fitch were worth $622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of ANF. Public Employees Retirement System of Ohio purchased a new stake in shares of Abercrombie & Fitch during the 4th quarter worth approximately $247,000. Versant Capital Management Inc boosted its stake in shares of Abercrombie & Fitch by 55.6% during the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after acquiring an additional 260 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Abercrombie & Fitch by 13,763.7% during the 1st quarter. GAMMA Investing LLC now owns 146,401 shares of the apparel retailer's stock worth $11,181,000 after acquiring an additional 145,345 shares in the last quarter. 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 acquiring an additional 360 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Abercrombie & Fitch during the 1st quarter worth approximately $56,569,000.

Analyst Upgrades and Downgrades

ANF has been the topic of several research analyst reports. 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. Raymond James Financial set a $105.00 price target on Abercrombie & Fitch and gave the stock an "outperform" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. cut their price objective on Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. BTIG Research assumed coverage on Abercrombie & Fitch in a report on Thursday, September 18th. They set a "buy" rating and a $120.00 target price on the stock. Finally, Citigroup reissued a "neutral" rating and set a $105.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.78.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $85.53 on Wednesday. The stock has a fifty day moving average of $94.13 and a two-hundred day moving average of $84.00. The company has a market capitalization of $4.03 billion, a PE ratio of 8.09 and a beta of 1.44. 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 issued its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share 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 the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.Abercrombie & Fitch's revenue was up 6.6% on a year-over-year basis. During the same period 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. As a group, equities research analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,392 shares of the business'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 completion of the transaction, the director directly owned 5,880 shares in the company, valued at approximately $556,248. The trade was a 19.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jay Rust sold 1,500 shares of the company's 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 sale, the executive vice president owned 6,648 shares of the company's stock, valued at approximately $619,261.20. The trade was 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. Insiders own 2.29% of the company's stock.

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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