Fred Alger Management LLC Purchases Shares of 19,147 Abercrombie & Fitch Company $ANF

Fred Alger Management LLC purchased a new stake in Abercrombie & Fitch Company (NYSE:ANF) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,147 shares of the apparel retailer’s stock, valued at approximately $1,462,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of Abercrombie & Fitch by 161.4% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer’s stock worth $45,000 after buying an additional 360 shares during the period. Versant Capital Management Inc raised its holdings in Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer’s stock worth $56,000 after acquiring an additional 260 shares during the period. IFP Advisors Inc lifted its position in Abercrombie & Fitch by 166.7% during 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 during the last quarter. Reyes Financial Architecture Inc. boosted its holdings in 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 acquiring an additional 366 shares during the period. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of Abercrombie & Fitch in the first quarter valued at about $76,000.

Insider Transactions at Abercrombie & Fitch

In related news, Director James A. Goldman sold 5,072 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $96.18, for a total value of $487,824.96. Following the completion of the transaction, the director owned 7,565 shares of the company’s stock, valued at $727,601.70. This represents a 40.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kenneth B. Robinson sold 1,392 shares of the firm’s stock in a transaction dated 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. This represents a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,964 shares of company stock valued at $759,233. Company insiders own 2.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ANF shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, August 27th. JPMorgan Chase & Co. lowered their target price on Abercrombie & Fitch from $151.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, August 28th. Barclays set a $84.00 price target on Abercrombie & Fitch and gave the stock an “equal weight” rating in a report on Thursday, May 29th. Raymond James Financial set a $105.00 price objective on Abercrombie & Fitch and gave the company an “outperform” rating in a research report on Thursday, August 28th. Finally, Jefferies Financial Group dropped their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, May 21st. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.25.

Abercrombie & Fitch Trading Down 0.2%

Shares of ANF stock opened at $95.18 on Wednesday. Abercrombie & Fitch Company has a 12 month low of $65.40 and a 12 month high of $167.71. The company has a market capitalization of $4.48 billion, a P/E ratio of 9.00 and a beta of 1.44. The stock has a 50 day moving average of $94.85 and a two-hundred day moving average of $84.17.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the company posted $2.50 earnings per share. Abercrombie & Fitch’s revenue was up 6.6% on a year-over-year basis. 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 predict that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

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.