WP Advisors LLC Acquires 955 Shares of Abercrombie & Fitch Company $ANF

WP Advisors LLC boosted its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF) by 11.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,469 shares of the apparel retailer’s stock after buying an additional 955 shares during the quarter. WP Advisors LLC’s holdings in Abercrombie & Fitch were worth $785,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ANF. Fred Alger Management LLC bought a new stake in shares of Abercrombie & Fitch during the 1st quarter valued at $1,462,000. Timelo Investment Management Inc. purchased a new position in Abercrombie & Fitch during the second quarter valued at $1,077,000. QRG Capital Management Inc. bought a new stake in Abercrombie & Fitch during the second quarter valued at about $782,000. Swedbank AB increased its position in Abercrombie & Fitch by 48.1% in the second 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 in the last quarter. Finally, Fifth Third Bancorp increased its position in Abercrombie & Fitch by 1,205.3% in the second quarter. Fifth Third Bancorp now owns 5,143 shares of the apparel retailer’s stock worth $426,000 after buying an additional 4,749 shares in the last quarter.

Abercrombie & Fitch Price Performance

ANF stock opened at $71.61 on Friday. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $164.80. The business has a 50 day simple moving average of $78.97 and a two-hundred day simple moving average of $83.51. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 6.77 and a beta of 1.44.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, topping the consensus estimate of $2.27 by $0.05. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm earned $2.50 earnings per share. The company’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. Sell-side analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director James A. Goldman sold 5,072 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $96.18, for a total value of $487,824.96. Following the sale, the director directly owned 7,565 shares of the company’s stock, valued at approximately $727,601.70. The trade was a 40.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth B. Robinson sold 1,392 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $94.60, for a total value of $131,683.20. Following the transaction, the director directly owned 5,880 shares of the company’s stock, valued at approximately $556,248. The trade was a 19.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,964 shares of company stock worth $759,233 in the last 90 days. 2.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ANF. Zacks Research cut Abercrombie & Fitch from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. JPMorgan Chase & Co. decreased their target price on shares of Abercrombie & Fitch from $103.00 to $92.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. UBS Group dropped their price target on shares of Abercrombie & Fitch from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley set a $93.00 price objective on shares of Abercrombie & Fitch in a research note on Thursday, August 28th. Finally, Citigroup lowered their target price on shares of Abercrombie & Fitch from $105.00 to $79.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Hold” and an average price target of $102.56.

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.