Stoneridge Investment Partners LLC Takes Position in Abercrombie & Fitch Company $ANF

Stoneridge Investment Partners LLC bought a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 3,496 shares of the apparel retailer’s stock, valued at approximately $267,000.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. lifted its stake in Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer’s stock worth $45,000 after purchasing an additional 360 shares in the last quarter. Versant Capital Management Inc grew its holdings in Abercrombie & Fitch by 55.6% during the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer’s stock valued at $56,000 after purchasing an additional 260 shares during the last quarter. IFP Advisors Inc grew its stake in Abercrombie & Fitch by 166.7% in the 1st quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer’s stock worth $65,000 after acquiring an additional 530 shares in the last quarter. Reyes Financial Architecture Inc. boosted its stake in shares of Abercrombie & Fitch by 68.0% during the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer’s stock valued at $69,000 after purchasing an additional 366 shares in the last quarter. Finally, GeoWealth Management LLC bought a new position in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $70,000.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock opened at $94.9750 on Wednesday. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $172.90. The company’s 50 day simple moving average is $90.06 and its 200-day simple moving average is $85.80. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 9.35 and a beta of 1.54.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ANF shares. Morgan Stanley raised their target price on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, May 29th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. JPMorgan Chase & Co. boosted their target price on shares of Abercrombie & Fitch from $141.00 to $151.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. UBS Group reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, Citigroup reiterated a “buy” rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.88.

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.