Westpac Banking Corp Purchases New Stake in Abercrombie & Fitch Company $ANF

Westpac Banking Corp purchased a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF) in the first quarter, Holdings Channel reports. The firm purchased 7,087 shares of the apparel retailer’s stock, valued at approximately $648,000.

Other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC raised its holdings in shares of Abercrombie & Fitch by 60.6% in the 4th quarter. Intech Investment Management LLC now owns 50,942 shares of the apparel retailer’s stock worth $6,412,000 after acquiring an additional 19,215 shares during the last quarter. Vanguard Group Inc. lifted its position in Abercrombie & Fitch by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 4,781,446 shares of the apparel retailer’s stock valued at $601,841,000 after acquiring an additional 94,697 shares in the last quarter. Royce & Associates LP acquired a new position in Abercrombie & Fitch during the 4th quarter valued at about $9,967,000. Allspring Global Investments Holdings LLC boosted its stake in Abercrombie & Fitch by 45.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 197,020 shares of the apparel retailer’s stock valued at $24,379,000 after purchasing an additional 61,437 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in Abercrombie & Fitch by 130.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 68,500 shares of the apparel retailer’s stock worth $8,622,000 after purchasing an additional 38,800 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ANF. Morgan Stanley reissued an “equal weight” rating and issued a $87.00 price objective on shares of Abercrombie & Fitch in a research note on Monday, July 6th. Telsey Advisory Group cut their target price on Abercrombie & Fitch from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, May 28th. Barclays upped their price target on Abercrombie & Fitch from $76.00 to $78.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. BTIG Research reissued a “buy” rating and issued a $120.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. raised their price objective on Abercrombie & Fitch from $107.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.91.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $96.03 on Thursday. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 9.22 and a beta of 0.89. Abercrombie & Fitch Company has a 52-week low of $65.45 and a 52-week high of $133.11. The company has a 50-day simple moving average of $85.23 and a two-hundred day simple moving average of $91.31.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, May 27th. The apparel retailer reported $1.47 EPS for the quarter, topping the consensus estimate of $1.26 by $0.21. Abercrombie & Fitch had a net margin of 9.34% and a return on equity of 34.36%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the firm earned $1.59 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Abercrombie & Fitch has set its Q2 2026 guidance at 1.800-2.000 EPS and its FY 2026 guidance at 10.200-11.000 EPS. On average, sell-side analysts forecast that Abercrombie & Fitch Company will post 10.46 EPS for the current fiscal year.

About Abercrombie & Fitch

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.