Lmcg Investments LLC Increases Stake in Abercrombie & Fitch Company $ANF

Lmcg Investments LLC increased its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF) by 96.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 45,847 shares of the apparel retailer’s stock after purchasing an additional 22,486 shares during the period. Lmcg Investments LLC’s holdings in Abercrombie & Fitch were worth $3,798,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC increased its stake in Abercrombie & Fitch by 1.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 9,569 shares of the apparel retailer’s stock worth $793,000 after buying an additional 173 shares during the period. Voya Investment Management LLC increased its position in shares of Abercrombie & Fitch by 0.6% in the 1st quarter. Voya Investment Management LLC now owns 31,095 shares of the apparel retailer’s stock valued at $2,375,000 after purchasing an additional 180 shares during the last quarter. Covestor Ltd increased its position in shares of Abercrombie & Fitch by 21.9% in the 1st quarter. Covestor Ltd now owns 1,456 shares of the apparel retailer’s stock valued at $111,000 after purchasing an additional 262 shares during the last quarter. UMB Bank n.a. increased its position in shares of Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer’s stock valued at $45,000 after purchasing an additional 360 shares during the last quarter. Finally, Reyes Financial Architecture Inc. increased its position in shares of Abercrombie & Fitch by 68.0% in the 1st quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer’s stock valued at $69,000 after purchasing an additional 366 shares during the last quarter.

Analyst Ratings Changes

ANF has been the topic of a number of recent analyst reports. BTIG Research initiated coverage on shares of Abercrombie & Fitch in a research report on Thursday, September 18th. They issued a “buy” rating and a $120.00 price objective on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Friday, September 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Abercrombie & Fitch in a research report on Wednesday. Morgan Stanley set a $93.00 price objective on shares of Abercrombie & Fitch in a research report on Thursday, August 28th. Finally, Raymond James Financial set a $105.00 target price on shares of Abercrombie & Fitch and gave the company an “outperform” rating in a research report on Thursday, August 28th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $111.11.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $73.31 on Friday. The firm’s fifty day moving average price is $91.57 and its 200 day moving average price is $83.93. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 6.94 and a beta of 1.45. Abercrombie & Fitch Company has a 12 month low of $65.40 and a 12 month high of $167.71.

Abercrombie & Fitch (NYSE:ANF) last posted 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. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $2.50 EPS. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. As a group, sell-side analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Insider Buying and Selling

In related news, Director James A. Goldman sold 5,072 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $96.18, for a total transaction of $487,824.96. Following the completion of the sale, the director owned 7,565 shares in the company, valued at $727,601.70. This represents a 40.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jay Rust sold 1,500 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $93.15, for a total transaction of $139,725.00. Following the sale, the executive vice president owned 6,648 shares of the company’s stock, valued at approximately $619,261.20. This represents a 18.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,964 shares of company stock worth $759,233 in the last 90 days. Company insiders own 2.29% of the company’s stock.

Abercrombie & Fitch Profile

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.