VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $819,000 Investment in Abercrombie & Fitch Company $ANF

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,100 shares of the apparel retailer's stock, valued at approximately $819,000.

Other hedge funds have also modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Abercrombie & Fitch by 8,792.9% in the second quarter. California State Teachers Retirement System now owns 4,671,519 shares of the apparel retailer's stock worth $420,483,000 after purchasing an additional 4,618,988 shares during the last quarter. Paralel Advisors LLC purchased a new stake in Abercrombie & Fitch in the second quarter valued at approximately $2,278,000. AlphaGrep UK Ltd acquired a new position in Abercrombie & Fitch in the 2nd quarter worth approximately $303,000. Timbuktu Capital Management LLC acquired a new position in Abercrombie & Fitch in the 2nd quarter worth approximately $29,000. Finally, Nykredit A S purchased a new position in Abercrombie & Fitch during the 2nd quarter worth approximately $171,000.

Analyst Upgrades and Downgrades

ANF has been the subject of several research reports. BMO Capital Markets assumed coverage on shares of Abercrombie & Fitch in a research note on Tuesday, September 8th. They set an "outperform" rating and a $170.00 price objective for the company. Telsey Advisory Group raised their target price on shares of Abercrombie & Fitch from $118.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Argus upgraded shares of Abercrombie & Fitch from a "hold" rating to a "buy" rating and set a $162.00 target price for the company in a research report on Monday, August 31st. BTIG Research upped their price target on shares of Abercrombie & Fitch from $120.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, August 26th. Finally, Zacks Research raised Abercrombie & Fitch from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 28th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $155.38.

Key Abercrombie & Fitch News

Here are the key news stories impacting Abercrombie & Fitch this week:

• Positive Sentiment: BMO Capital Markets upgraded ANF to “strong buy,” providing a fresh positive catalyst for the stock after its strong rally. Zacks analyst upgrade coverage
• Positive Sentiment: Zacks Research raised several future earnings estimates and maintained a “Strong Buy” rating. FY2027 EPS was increased to $11.48 from $10.54, FY2028 EPS to $12.29 from $11.62, and FY2029 EPS to $13.21 from $12.24. The firm also lifted Q2 2029 EPS expectations to $3.02 from $2.50. Abercrombie & Fitch analyst estimates
• Positive Sentiment: The retailer’s latest quarterly results showed strong earnings momentum: EPS of $4.17 substantially exceeded the $1.99 consensus estimate, while revenue reached $1.27 billion and grew 4.8% year over year. Full-year EPS guidance remains $13.10–$13.60.
• Positive Sentiment: ANF recently established a new one-year high, reinforcing technical momentum and investor confidence following the earnings beat and analyst upgrades. Abercrombie & Fitch new one-year high
• Neutral Sentiment: Some analyst views remain cautious despite the bullish revisions. The broader analyst consensus is “Moderate Buy,” with a consensus price target of approximately $155.38, close to the stock’s recent trading range.
• Negative Sentiment: Zacks trimmed a few estimates, including Q1 2028 EPS to $1.61 from $1.64 and Q1 2029 EPS to $1.72 from $1.76, signaling some potential near-term seasonality or margin pressure.
• Negative Sentiment: COO Scott Lipesky sold 2,000 shares for approximately $293,640. The sale reduced his holdings by 1.36%, a relatively small transaction but a modest negative sentiment signal. ANF COO stock sale
• Negative Sentiment: Weakness across several apparel retailers, including American Eagle, Macy’s and Zumiez, along with concerns about tariffs and consumer spending, may be limiting gains in the broader retail sector. Apparel retailer sector weakness

Abercrombie & Fitch Trading Up 0.2%

Abercrombie & Fitch stock opened at $145.57 on Monday. Abercrombie & Fitch Company has a 12 month low of $65.45 and a 12 month high of $155.22. The stock's 50 day simple moving average is $113.21 and its two-hundred day simple moving average is $95.99. The firm has a market cap of $6.18 billion, a PE ratio of 12.46, a P/E/G ratio of 1.27 and a beta of 0.97.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share for the quarter, beating the consensus estimate of $1.99 by $2.18. Abercrombie & Fitch had a net margin of 10.03% and a return on equity of 33.52%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the firm earned $2.91 EPS. The business's quarterly revenue was up 4.8% on a year-over-year basis. Abercrombie & Fitch has set its Q3 2026 guidance at 2.900-3.200 EPS and its FY 2026 guidance at 13.100-13.600 EPS. On average, equities research analysts forecast that Abercrombie & Fitch Company will post 11.42 EPS for the current year.

Insider Activity

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 800 shares of the company's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $149.69, for a total value of $119,752.00. Following the completion of the transaction, the director owned 7,169 shares in the company, valued at approximately $1,073,127.61. This represents a 10.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gregory J. Henchel sold 30,000 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $146.65, for a total transaction of $4,399,500.00. Following the sale, the executive vice president directly owned 33,681 shares in the company, valued at approximately $4,939,318.65. The trade was a 47.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 72,800 shares of company stock worth $9,595,392 in the last ninety days. Corporate insiders own 2.33% of the company's stock.

About Abercrombie & Fitch

Abercrombie & Fitch Co is a global, omnichannel specialty retailer that sells casual apparel, accessories and personal-care products through company-operated stores and digital channels. The company serves customers through its Abercrombie, abercrombie kids, Hollister and Gilly Hicks brands, which target a range of consumers and lifestyles.

Abercrombie & Fitch offers products including jeans, tops, dresses, outerwear, intimates, sleepwear, swimwear, accessories and fragrances. Its brands operate through retail locations and e-commerce platforms, with sales across North America, Europe, Asia and other international markets.

Founded in 1892 as an outdoor-goods retailer in New York City, the company later developed into a youth-focused apparel retailer and has since broadened its brand portfolio and customer appeal.

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