Swiss National Bank Sells 4,300 Shares of Abercrombie & Fitch Company $ANF

Swiss National Bank lessened its position in shares of Abercrombie & Fitch Company (NYSE:ANF) by 4.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,300 shares of the apparel retailer’s stock after selling 4,300 shares during the period. Swiss National Bank owned 0.20% of Abercrombie & Fitch worth $7,730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC grew its stake in shares of Abercrombie & Fitch by 486.9% in the 2nd quarter. SG Americas Securities LLC now owns 12,923 shares of the apparel retailer’s stock valued at $1,071,000 after buying an additional 10,721 shares during the period. Fred Alger Management LLC bought a new position in Abercrombie & Fitch in the first quarter worth approximately $1,462,000. Fifth Third Bancorp boosted its holdings in Abercrombie & Fitch by 1,205.3% in the second quarter. Fifth Third Bancorp now owns 5,143 shares of the apparel retailer’s stock worth $426,000 after acquiring an additional 4,749 shares in the last quarter. Timelo Investment Management Inc. acquired a new stake in Abercrombie & Fitch in the second quarter valued at approximately $1,077,000. Finally, QRG Capital Management Inc. bought a new stake in shares of Abercrombie & Fitch during the second quarter valued at approximately $782,000.

Insider Activity

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,392 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $94.60, for a total value of $131,683.20. Following the completion of the sale, the director owned 5,880 shares in the company, valued at approximately $556,248. This trade represents a 19.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BTIG Research lowered their target price on Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Weiss Ratings restated a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Jefferies Financial Group dropped their price objective on shares of Abercrombie & Fitch from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. JPMorgan Chase & Co. boosted their target price on shares of Abercrombie & Fitch from $92.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Zacks Research raised shares of Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $107.33.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF opened at $98.05 on Friday. The firm has a fifty day moving average price of $76.10 and a two-hundred day moving average price of $84.07. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 9.28 and a beta of 1.44. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Tuesday, November 25th. The apparel retailer reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.22. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business earned $2.50 earnings per share. Abercrombie & Fitch’s revenue for the quarter was up 6.8% compared to the same quarter last year. Abercrombie & Fitch has set its Q4 2025 guidance at 3.400-3.70 EPS. FY 2025 guidance at 10.200-10.500 EPS. Equities research analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

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.