Penserra Capital Management LLC Invests $681,000 in Abercrombie & Fitch Company $ANF

Penserra Capital Management LLC bought a new position in shares of Abercrombie & Fitch Company (NYSE:ANF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,229 shares of the apparel retailer’s stock, valued at approximately $681,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANF. Ameritas Advisory Services LLC acquired a new stake in shares of Abercrombie & Fitch in the second quarter worth $38,000. Parallel Advisors LLC lifted its holdings in shares of Abercrombie & Fitch by 178.6% during the 2nd quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer’s stock valued at $68,000 after acquiring an additional 527 shares in the last quarter. IFP Advisors Inc boosted its position in Abercrombie & Fitch by 166.7% during the 1st quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer’s stock worth $65,000 after purchasing an additional 530 shares during the period. Bayforest Capital Ltd increased its holdings in Abercrombie & Fitch by 102.9% in the 1st quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer’s stock valued at $65,000 after purchasing an additional 430 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in Abercrombie & Fitch by 100.9% in the second quarter. Asset Management One Co. Ltd. now owns 864 shares of the apparel retailer’s stock valued at $72,000 after purchasing an additional 434 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abercrombie & Fitch in a research report on Thursday, October 30th. Citigroup reduced their price target on Abercrombie & Fitch from $105.00 to $79.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 4th. 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. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research note on Friday, September 12th. Finally, BTIG Research initiated coverage on shares of Abercrombie & Fitch in a research note on Thursday, September 18th. They issued a “buy” rating and a $120.00 target price for the company. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $107.00.

Insider Activity at Abercrombie & Fitch

In related news, Director James A. Goldman sold 5,072 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $96.18, for a total transaction of $487,824.96. Following the transaction, the director directly owned 7,565 shares in the company, valued at $727,601.70. This trade represents a 40.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kenneth B. Robinson sold 1,392 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $94.60, for a total transaction of $131,683.20. Following the sale, the director owned 5,880 shares of the company’s stock, valued at approximately $556,248. The trade was a 19.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 7,964 shares of company stock valued at $759,233. Corporate insiders own 2.29% of the company’s stock.

Abercrombie & Fitch Price Performance

Shares of ANF stock opened at $69.68 on Wednesday. The firm has a fifty day moving average of $79.83 and a two-hundred day moving average of $83.68. The firm has a market cap of $3.28 billion, a P/E ratio of 6.59 and a beta of 1.44. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, topping the consensus estimate of $2.27 by $0.05. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company 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. On average, sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current 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.