VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 23,379 Abercrombie & Fitch Company $ANF

Key Points

• Virginia Retirement Systems acquired 23,379 shares of Abercrombie & Fitch Company, valued at approximately $1.94 million, during the 2nd quarter.
• Abercrombie & Fitch reported earnings of $2.32 per share for the latest quarter, surpassing analysts' expectations of $2.27, and experienced a 6.6% increase in revenue compared to the previous year.
• Wall Street analysts have mixed opinions on Abercrombie & Fitch, with five giving it a Buy rating and a consensus target price of $111.11.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 23,379 shares of the apparel retailer's stock, valued at approximately $1,937,000.

Several other large investors have also bought and sold shares of the stock. Valeo Financial Advisors LLC lifted its stake in Abercrombie & Fitch by 1.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 9,569 shares of the apparel retailer's stock valued at $793,000 after acquiring an additional 173 shares in the last quarter. Voya Investment Management LLC lifted its stake in Abercrombie & Fitch by 0.6% during the 1st quarter. Voya Investment Management LLC now owns 31,095 shares of the apparel retailer's stock valued at $2,375,000 after acquiring an additional 180 shares in the last quarter. Covestor Ltd lifted its stake in Abercrombie & Fitch by 21.9% during the 1st quarter. Covestor Ltd now owns 1,456 shares of the apparel retailer's stock valued at $111,000 after acquiring an additional 262 shares in the last quarter. Reyes Financial Architecture Inc. lifted its stake in Abercrombie & Fitch by 68.0% during the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer's stock valued at $69,000 after acquiring an additional 366 shares in the last quarter. Finally, Bayforest Capital Ltd lifted its stake in Abercrombie & Fitch by 102.9% during the 1st quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer's stock valued at $65,000 after acquiring an additional 430 shares in the last quarter.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $69.07 on Wednesday. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 6.53 and a beta of 1.45. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $164.80. The business's fifty day moving average is $87.16 and its 200-day moving average is $83.67.

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 analysts' consensus estimates of $2.27 by $0.05. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the previous year, the business posted $2.50 EPS. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. Research analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ANF. Weiss Ratings restated a "hold (c+)" rating on shares of Abercrombie & Fitch in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $103.00 target price on shares of Abercrombie & Fitch in a research note on Monday, October 6th. Raymond James Financial set a $105.00 target price on Abercrombie & Fitch and gave the stock an "outperform" rating in a research note on Thursday, August 28th. BTIG Research assumed coverage on Abercrombie & Fitch in a research note on Thursday, September 18th. They set a "buy" rating and a $120.00 target price on the stock. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research note on Friday, September 12th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $111.11.

Insider Activity at Abercrombie & Fitch

In related news, EVP Jay Rust sold 1,500 shares of the business's stock in a transaction dated 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 directly owned 6,648 shares in the company, valued at approximately $619,261.20. The trade was a 18.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kenneth B. Robinson sold 1,392 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $94.60, for a total value of $131,683.20. Following the completion of the sale, the director owned 5,880 shares in the company, valued at $556,248. This represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,964 shares of company stock worth $759,233. Company insiders own 2.29% of the company's stock.

Abercrombie & Fitch Company 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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