Beacon Financial Advisory LLC Takes $527,000 Position in Abercrombie & Fitch Company $ANF

Beacon Financial Advisory LLC purchased a new position in shares of Abercrombie & Fitch Company (NYSE:ANF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,366 shares of the apparel retailer’s stock, valued at approximately $527,000.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Abercrombie & Fitch by 13,763.7% during the first quarter. GAMMA Investing LLC now owns 146,401 shares of the apparel retailer’s stock worth $11,181,000 after purchasing an additional 145,345 shares during the last quarter. UMB Bank n.a. lifted its position 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 last quarter. Assenagon Asset Management S.A. acquired a new stake in Abercrombie & Fitch in the first quarter valued at about $56,569,000. Union Bancaire Privee UBP SA acquired a new stake in Abercrombie & Fitch in the first quarter valued at about $129,000. Finally, Compagnie Lombard Odier SCmA bought a new position in Abercrombie & Fitch in the first quarter valued at about $76,000.

Abercrombie & Fitch Stock Performance

ANF stock opened at $84.38 on Monday. The company has a market capitalization of $3.97 billion, a P/E ratio of 7.98 and a beta of 1.45. The company has a fifty day moving average price of $93.62 and a 200-day moving average price of $84.09. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $167.71.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ANF. JPMorgan Chase & Co. dropped their target price on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, August 28th. Citigroup reissued a “neutral” rating and issued a $105.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, August 20th. Telsey Advisory Group restated an “outperform” rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research report on Friday, September 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Abercrombie & Fitch in a report on Saturday, September 27th. Finally, Raymond James Financial set a $105.00 price target on Abercrombie & Fitch and gave the company an “outperform” rating in a research note on Thursday, August 28th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus price target of $115.78.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Jay Rust sold 1,500 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $93.15, for a total transaction of $139,725.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth B. Robinson sold 1,392 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $94.60, for a total transaction of $131,683.20. Following the completion of the transaction, the director owned 5,880 shares in the company, valued at $556,248. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,964 shares of company stock worth $759,233 over the last ninety days. Insiders own 2.29% of the company’s stock.

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.