Abercrombie & Fitch Company $ANF Shares Sold by Versor Investments LP

Key Points

• Versor Investments LP drastically cut its holdings in Abercrombie & Fitch by 65.6% in Q1, reducing its ownership to 4,100 shares valued at $313,000.
• While some investors are decreasing their stakes, others like Virtue Capital Management LLC and UMB Bank n.a. have increased their holdings, with UMB Bank raising its position by 161.4% in the same quarter.
• Analysts have varied opinions on Abercrombie & Fitch, with Jefferies Financial Group lowering its target price to $135, while JPMorgan Chase & Co. raised it to $151, indicating a consensus rating of "Moderate Buy."

Versor Investments LP lessened its stake in Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 65.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,100 shares of the apparel retailer's stock after selling 7,825 shares during the period. Versor Investments LP's holdings in Abercrombie & Fitch were worth $313,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ANF. Mariner LLC increased its stake in Abercrombie & Fitch by 5.9% in the 4th quarter. Mariner LLC now owns 8,262 shares of the apparel retailer's stock worth $1,235,000 after buying an additional 458 shares during the period. XTX Topco Ltd purchased a new position in Abercrombie & Fitch in the 4th quarter worth about $230,000. GeoWealth Management LLC purchased a new position in Abercrombie & Fitch in the 4th quarter worth about $70,000. First Trust Advisors LP increased its stake in Abercrombie & Fitch by 8.7% in the 4th quarter. First Trust Advisors LP now owns 45,709 shares of the apparel retailer's stock worth $6,832,000 after buying an additional 3,650 shares during the period. Finally, MML Investors Services LLC increased its position in Abercrombie & Fitch by 45.0% during the 4th quarter. MML Investors Services LLC now owns 18,803 shares of the apparel retailer's stock valued at $2,810,000 after purchasing an additional 5,832 shares during the period.

Abercrombie & Fitch Stock Performance

ANF stock traded down $1.98 during trading on Tuesday, reaching $97.79. The company had a trading volume of 1,716,647 shares, compared to its average volume of 2,418,075. The firm has a 50-day simple moving average of $91.56 and a 200-day simple moving average of $85.06. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 9.61 and a beta of 1.54. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $168.50.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.24. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.08 billion. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. Abercrombie & Fitch's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the business earned $2.14 EPS. Abercrombie & Fitch has set its FY 2025 guidance at 9.500-10.500 EPS. Q2 2025 guidance at 2.100-2.300 EPS. Sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

ANF has been the topic of a number of research reports. Jefferies Financial Group cut their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Citigroup reissued a "neutral" rating and set a $105.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. Barclays set a $84.00 target price on shares of Abercrombie & Fitch and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Raymond James Financial cut their target price on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. Finally, UBS Group restated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $112.75.

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.