New York State Teachers Retirement System Lowers Stake in Abercrombie & Fitch Company $ANF

New York State Teachers Retirement System lowered its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,718 shares of the apparel retailer’s stock after selling 4,620 shares during the period. New York State Teachers Retirement System’s holdings in Abercrombie & Fitch were worth $4,699,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in Abercrombie & Fitch by 198.2% during the first quarter. AQR Capital Management LLC now owns 1,955,927 shares of the apparel retailer’s stock worth $144,582,000 after buying an additional 1,300,070 shares during the period. American Century Companies Inc. lifted its holdings in Abercrombie & Fitch by 18.5% during the first quarter. American Century Companies Inc. now owns 806,980 shares of the apparel retailer’s stock worth $61,629,000 after buying an additional 126,050 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in Abercrombie & Fitch by 0.8% during the first quarter. Jupiter Asset Management Ltd. now owns 621,234 shares of the apparel retailer’s stock worth $47,444,000 after buying an additional 5,006 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Abercrombie & Fitch by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 549,081 shares of the apparel retailer’s stock worth $41,934,000 after buying an additional 28,379 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in Abercrombie & Fitch by 3,113.1% during the first quarter. Pacer Advisors Inc. now owns 506,088 shares of the apparel retailer’s stock worth $38,650,000 after buying an additional 490,337 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $103.00 price objective on shares of Abercrombie & Fitch in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Abercrombie & Fitch in a report on Wednesday, October 8th. Raymond James Financial set a $105.00 price objective on Abercrombie & Fitch and gave the company an “outperform” rating in a report on Thursday, August 28th. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a report on Friday, September 12th. Finally, Morgan Stanley set a $93.00 price objective on Abercrombie & Fitch in a report on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.11.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock opened at $66.66 on Tuesday. The business’s 50-day simple moving average is $87.81 and its two-hundred day simple moving average is $83.77. The company has a market cap of $3.14 billion, a PE ratio of 6.31 and a beta of 1.45. Abercrombie & Fitch Company has a fifty-two week low of $65.40 and a fifty-two week high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.05. The business had revenue of $1.21 billion for 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%.The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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, analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

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

Abercrombie & Fitch Company 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.