M&T Bank Corp Invests $86.38 Million in Abercrombie & Fitch Company $ANF

M&T Bank Corp acquired a new position in Abercrombie & Fitch Company (NYSE:ANF) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 686,284 shares of the apparel retailer’s stock, valued at approximately $86,383,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Abercrombie & Fitch by 98.0% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 14,964 shares of the apparel retailer’s stock worth $1,894,000 after purchasing an additional 7,406 shares during the last quarter. Evergreen Capital Management LLC raised its stake in shares of Abercrombie & Fitch by 15.2% in the fourth quarter. Evergreen Capital Management LLC now owns 5,998 shares of the apparel retailer’s stock worth $755,000 after purchasing an additional 793 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of Abercrombie & Fitch by 10.2% in the fourth quarter. Merit Financial Group LLC now owns 4,180 shares of the apparel retailer’s stock worth $526,000 after purchasing an additional 388 shares during the last quarter. CWM LLC raised its stake in shares of Abercrombie & Fitch by 26.9% in the fourth quarter. CWM LLC now owns 4,844 shares of the apparel retailer’s stock worth $610,000 after purchasing an additional 1,026 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Abercrombie & Fitch by 137.6% in the fourth quarter. Farther Finance Advisors LLC now owns 4,886 shares of the apparel retailer’s stock worth $615,000 after purchasing an additional 2,830 shares during the last quarter.

Insiders Place Their Bets

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 103,200 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $98.53, for a total transaction of $10,168,296.00. Following the completion of the transaction, the chief executive officer directly owned 605,303 shares of the company’s stock, valued at approximately $59,640,504.59. This represents a 14.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 350,000 shares of company stock worth $34,661,358 over the last three months. 2.29% of the stock is currently owned by corporate insiders.

Abercrombie & Fitch Trading Down 2.0%

Shares of NYSE ANF opened at $95.30 on Wednesday. The stock has a fifty day simple moving average of $92.34 and a two-hundred day simple moving average of $93.31. Abercrombie & Fitch Company has a 1-year low of $65.45 and a 1-year high of $133.11. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 9.04 and a beta of 1.13.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, March 4th. The apparel retailer reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.12. Abercrombie & Fitch had a return on equity of 36.36% and a net margin of 9.63%.The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the company earned $3.57 earnings per share. Abercrombie & Fitch’s revenue was up 5.4% compared to the same quarter last year. Abercrombie & Fitch has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 10.200-11.000 EPS. Analysts forecast that Abercrombie & Fitch Company will post 10.71 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ANF shares. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their target price for the company from $90.00 to $135.00 in a report on Wednesday, January 21st. UBS Group reduced their target price on Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Jefferies Financial Group reduced their target price on Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. BTIG Research reaffirmed a “buy” rating and issued a $120.00 target price on shares of Abercrombie & Fitch in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. reduced their target price on Abercrombie & Fitch from $114.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and an average price target of $117.45.

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.