Retirement Systems of Alabama Has $11.95 Million Stake in Abercrombie & Fitch Company $ANF

Retirement Systems of Alabama decreased its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 144,233 shares of the apparel retailer’s stock after selling 6,824 shares during the quarter. Retirement Systems of Alabama’s holdings in Abercrombie & Fitch were worth $11,950,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its position in shares of Abercrombie & Fitch by 197.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,647 shares of the apparel retailer’s stock worth $1,119,000 after buying an additional 9,719 shares during the period. Fred Alger Management LLC acquired a new stake in shares of Abercrombie & Fitch during the 1st quarter worth approximately $1,462,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Abercrombie & Fitch by 11.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,013 shares of the apparel retailer’s stock worth $536,000 after buying an additional 698 shares during the period. Swedbank AB grew its position in shares of Abercrombie & Fitch by 48.1% during the 2nd quarter. Swedbank AB now owns 242,468 shares of the apparel retailer’s stock worth $20,088,000 after buying an additional 78,769 shares during the period. Finally, QRG Capital Management Inc. acquired a new stake in Abercrombie & Fitch in the 2nd quarter valued at $782,000.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Abercrombie & Fitch in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of Abercrombie & Fitch from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Morgan Stanley set a $93.00 price target on shares of Abercrombie & Fitch in a research report on Thursday, August 28th. BTIG Research assumed coverage on shares of Abercrombie & Fitch in a research report on Thursday, September 18th. They issued a “buy” rating and a $120.00 price target for the company. Finally, Raymond James Financial set a $105.00 price target on shares of Abercrombie & Fitch and gave the company an “outperform” rating in a research report on Thursday, August 28th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $109.89.

Insiders Place Their Bets

In other Abercrombie & Fitch news, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction on Friday, August 29th. The shares were sold at an average price of $93.15, for a total transaction of $139,725.00. Following the transaction, the executive vice president directly owned 6,648 shares of the company’s stock, valued at $619,261.20. The trade was a 18.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth B. Robinson sold 1,392 shares of Abercrombie & Fitch stock in a transaction 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 directly owned 5,880 shares in the company, valued at $556,248. This represents a 19.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 7,964 shares of company stock valued at $759,233 in the last three months. 2.29% of the stock is currently owned by insiders.

Abercrombie & Fitch Price Performance

ANF opened at $72.54 on Friday. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 6.86 and a beta of 1.45. The firm’s fifty day moving average price is $83.33 and its two-hundred day moving average price is $83.73. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.50 EPS. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. As a group, equities analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Abercrombie & Fitch 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.