Deroy & Devereaux Private Investment Counsel Inc. Makes New Investment in Abercrombie & Fitch Company $ANF

Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Abercrombie & Fitch Company (NYSE:ANF) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 322,035 shares of the apparel retailer’s stock, valued at approximately $26,681,000.

Other large investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in Abercrombie & Fitch during the second quarter worth about $38,000. Parallel Advisors LLC grew its stake in Abercrombie & Fitch by 178.6% during the second quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer’s stock worth $68,000 after buying an additional 527 shares in the last quarter. IFP Advisors Inc grew its stake in Abercrombie & Fitch by 166.7% during the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer’s stock worth $65,000 after buying an additional 530 shares in the last quarter. Bayforest Capital Ltd grew its stake in Abercrombie & Fitch by 102.9% during the first quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer’s stock worth $65,000 after buying an additional 430 shares in the last quarter. Finally, Reyes Financial Architecture Inc. grew its stake in Abercrombie & Fitch by 68.0% during the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer’s stock worth $69,000 after buying an additional 366 shares in the last quarter.

Abercrombie & Fitch Trading Down 0.7%

ANF opened at $72.40 on Wednesday. The company’s 50 day moving average is $90.50 and its 200-day moving average is $83.92. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $167.71. The company has a market cap of $3.41 billion, a P/E ratio of 6.85 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the company 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. On average, equities analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director James A. Goldman sold 5,072 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $96.18, for a total transaction of $487,824.96. Following the completion of the transaction, the director owned 7,565 shares in the company, valued at approximately $727,601.70. This trade represents a 40.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth B. Robinson sold 1,392 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $94.60, for a total transaction of $131,683.20. Following the transaction, the director owned 5,880 shares of the company’s stock, valued at approximately $556,248. The trade was a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,964 shares of company stock worth $759,233 in the last quarter. 2.29% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. BTIG Research assumed coverage on shares of Abercrombie & Fitch in a research note on Thursday, September 18th. They set a “buy” rating and a $120.00 price objective on the stock. Raymond James Financial set a $105.00 price objective on shares of Abercrombie & Fitch and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Morgan Stanley set a $93.00 price objective on shares of Abercrombie & Fitch in a research note on Thursday, August 28th. Citigroup restated a “neutral” rating and issued a $105.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, August 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Abercrombie & Fitch in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $111.11.

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.