Hillsdale Investment Management Inc. Has $2.55 Million Stock Position in Abercrombie & Fitch Company $ANF

Hillsdale Investment Management Inc. reduced its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF) by 4.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 30,800 shares of the apparel retailer’s stock after selling 1,400 shares during the period. Hillsdale Investment Management Inc.’s holdings in Abercrombie & Fitch were worth $2,552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fred Alger Management LLC acquired a new position in Abercrombie & Fitch during the first quarter worth about $1,462,000. Fifth Third Bancorp boosted its stake in shares of Abercrombie & Fitch by 1,205.3% in the 2nd quarter. Fifth Third Bancorp now owns 5,143 shares of the apparel retailer’s stock valued at $426,000 after purchasing an additional 4,749 shares in the last quarter. Timelo Investment Management Inc. bought a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at approximately $1,077,000. QRG Capital Management Inc. bought a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at approximately $782,000. Finally, Swedbank AB increased its position in Abercrombie & Fitch by 48.1% during the 2nd quarter. Swedbank AB now owns 242,468 shares of the apparel retailer’s stock worth $20,088,000 after purchasing an additional 78,769 shares in the last quarter.

Insider Transactions at Abercrombie & Fitch

In related news, Director James A. Goldman sold 5,072 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $96.18, for a total value of $487,824.96. Following the transaction, the director directly owned 7,565 shares of the company’s stock, valued at $727,601.70. The trade was a 40.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jay Rust sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $93.15, for a total value of $139,725.00. Following the completion of the sale, the executive vice president owned 6,648 shares in the company, valued at $619,261.20. The trade was a 18.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,964 shares of company stock worth $759,233 over the last ninety days. 2.29% of the stock is owned by insiders.

Abercrombie & Fitch Stock Up 2.9%

Shares of Abercrombie & Fitch stock opened at $69.79 on Friday. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $164.80. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 6.60 and a beta of 1.44. The company’s fifty day moving average is $76.01 and its 200 day moving average is $83.59.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.05. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.Abercrombie & Fitch’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the company 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, equities analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

ANF has been the topic of a number of research analyst reports. Citigroup cut their target price on shares of Abercrombie & Fitch from $105.00 to $79.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 4th. JPMorgan Chase & Co. dropped their price target on Abercrombie & Fitch from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Tuesday, November 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Thursday, October 30th. Finally, UBS Group dropped their target price on Abercrombie & Fitch from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Hold” and an average target price of $102.33.

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.