Abercrombie & Fitch Company $ANF Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 35.4% in the 2nd quarter, Holdings Channel reports. The firm owned 8,824 shares of the apparel retailer’s stock after selling 4,834 shares during the quarter. Teacher Retirement System of Texas’ holdings in Abercrombie & Fitch were worth $731,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Valeo Financial Advisors LLC boosted its position 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 valued at $793,000 after purchasing an additional 173 shares during the period. Voya Investment Management LLC increased its position in Abercrombie & Fitch by 0.6% in the first quarter. Voya Investment Management LLC now owns 31,095 shares of the apparel retailer’s stock worth $2,375,000 after buying an additional 180 shares during the period. Dupree Financial Group LLC lifted its stake in Abercrombie & Fitch by 1.1% in the second quarter. Dupree Financial Group LLC now owns 20,296 shares of the apparel retailer’s stock valued at $1,682,000 after buying an additional 229 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Abercrombie & Fitch by 21.9% during the first quarter. Covestor Ltd now owns 1,456 shares of the apparel retailer’s stock valued at $111,000 after acquiring an additional 262 shares during the period. Finally, Reyes Financial Architecture Inc. grew its position in shares of Abercrombie & Fitch by 68.0% during the first quarter. Reyes Financial Architecture Inc. now owns 904 shares of the apparel retailer’s stock worth $69,000 after acquiring an additional 366 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ANF shares. Raymond James Financial set a $105.00 price objective on shares of Abercrombie & Fitch and gave the company an “outperform” rating in a research report on Thursday, August 28th. BTIG Research started coverage on shares of Abercrombie & Fitch in a research note on Thursday, September 18th. They issued a “buy” rating and a $120.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Thursday, October 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a report on Friday, September 12th. Finally, JPMorgan Chase & Co. cut their target price on Abercrombie & Fitch from $103.00 to $92.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $107.00.

Insider Activity at Abercrombie & Fitch

In related news, Director Kenneth B. Robinson sold 1,392 shares of Abercrombie & Fitch stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $94.60, for a total transaction of $131,683.20. Following the transaction, the director directly owned 5,880 shares of the company’s stock, valued at $556,248. The trade was a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was 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 approximately $727,601.70. This trade represents a 40.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,964 shares of company stock valued at $759,233 over the last 90 days. 2.29% of the stock is currently owned by corporate insiders.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock opened at $71.52 on Friday. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $164.80. The stock has a market capitalization of $3.37 billion, a PE ratio of 6.77 and a beta of 1.44. The firm has a 50 day simple moving average of $80.71 and a 200-day simple moving average of $83.57.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm posted $2.50 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. On average, analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

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.