Lazard Asset Management LLC Buys 4,739 Shares of Abercrombie & Fitch Company $ANF

Lazard Asset Management LLC grew its position in shares of Abercrombie & Fitch Company (NYSE:ANF) by 76.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 10,917 shares of the apparel retailer’s stock after acquiring an additional 4,739 shares during the period. Lazard Asset Management LLC’s holdings in Abercrombie & Fitch were worth $997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Transamerica Financial Advisors LLC raised its holdings in Abercrombie & Fitch by 322.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 190 shares during the last quarter. Larson Financial Group LLC boosted its stake in Abercrombie & Fitch by 120.3% during the 4th quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 148 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Abercrombie & Fitch in the 4th quarter worth $44,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Abercrombie & Fitch by 94.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 170 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 227 shares during the last quarter.

Wall Street Analyst Weigh In

ANF has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their target price on shares of Abercrombie & Fitch from $107.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. BTIG Research reaffirmed a “buy” rating and set a $120.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, May 27th. Raymond James Financial set a $92.00 price target on shares of Abercrombie & Fitch in a research report on Thursday, May 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $108.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, May 27th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $111.91.

Insiders Place Their Bets

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

Abercrombie & Fitch Trading Down 0.7%

Abercrombie & Fitch stock opened at $109.45 on Thursday. Abercrombie & Fitch Company has a 12-month low of $65.45 and a 12-month high of $133.11. The firm has a 50-day moving average price of $90.60 and a 200-day moving average price of $90.22. The firm has a market capitalization of $4.86 billion, a PE ratio of 10.50 and a beta of 0.90.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, May 27th. The apparel retailer reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.21. Abercrombie & Fitch had a net margin of 9.34% and a return on equity of 34.36%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the company posted $1.59 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. 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. As a group, sell-side analysts predict that Abercrombie & Fitch Company will post 10.46 earnings per share for the current fiscal year.

Abercrombie & Fitch Company 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.