First Trust Advisors LP Cuts Stock Holdings in Abercrombie & Fitch Company $ANF

First Trust Advisors LP cut its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 37.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,812 shares of the apparel retailer’s stock after selling 29,001 shares during the period. First Trust Advisors LP’s holdings in Abercrombie & Fitch were worth $4,460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ANF. Westpac Banking Corp bought a new position in shares of Abercrombie & Fitch during the 1st quarter valued at approximately $648,000. Florida Financial Advisors LLC bought a new position in Abercrombie & Fitch during the first quarter valued at $279,000. Meeder Asset Management Inc. increased its position in Abercrombie & Fitch by 1,704.5% in the first quarter. Meeder Asset Management Inc. now owns 9,564 shares of the apparel retailer’s stock worth $874,000 after buying an additional 9,034 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Abercrombie & Fitch by 15.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,596,177 shares of the apparel retailer’s stock worth $145,823,000 after buying an additional 208,709 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Abercrombie & Fitch by 46.7% in the first quarter. Parallel Advisors LLC now owns 788 shares of the apparel retailer’s stock valued at $72,000 after buying an additional 251 shares during the period.

Abercrombie & Fitch Stock Up 1.1%

Shares of NYSE:ANF opened at $110.03 on Wednesday. The stock has a market cap of $4.89 billion, a PE ratio of 10.56 and a beta of 0.90. The company’s fifty day moving average is $90.05 and its 200 day moving average is $90.21. Abercrombie & Fitch Company has a 52 week low of $65.45 and a 52 week high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last issued 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. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Abercrombie & Fitch had a net margin of 9.34% and a return on equity of 34.36%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.59 earnings per share. 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. Sell-side analysts anticipate that Abercrombie & Fitch Company will post 10.46 EPS for the current year.

Insiders Place Their Bets

In other news, COO Scott D. Lipesky sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $105.00, for a total value of $1,050,000.00. Following the sale, the chief operating officer directly owned 172,534 shares of the company’s stock, valued at $18,116,070. The trade was a 5.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. BTIG Research reissued a “buy” rating and issued a $120.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, May 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $87.00 price objective on shares of Abercrombie & Fitch in a report on Monday, July 6th. UBS Group reduced their target price on shares of Abercrombie & Fitch from $149.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, May 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Abercrombie & Fitch in a research report on Tuesday, June 2nd. Finally, Telsey Advisory Group cut their price objective on shares of Abercrombie & Fitch from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, May 28th. Eight investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.91.

Abercrombie & Fitch Profile

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.