744,026 Shares in Abercrombie & Fitch Company $ANF Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC purchased a new stake in Abercrombie & Fitch Company (NYSE:ANF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 744,026 shares of the apparel retailer’s stock, valued at approximately $61,643,000.

Several other institutional investors have also added to or reduced their stakes in ANF. Westfield Capital Management Co. LP lifted its position in shares of Abercrombie & Fitch by 5.4% in the 2nd quarter. Westfield Capital Management Co. LP now owns 505,574 shares of the apparel retailer’s stock worth $41,887,000 after purchasing an additional 25,923 shares during the period. Renaissance Group LLC lifted its holdings in Abercrombie & Fitch by 30.3% in the second quarter. Renaissance Group LLC now owns 42,035 shares of the apparel retailer’s stock worth $3,483,000 after buying an additional 9,780 shares during the period. Waratah Capital Advisors Ltd. bought a new stake in Abercrombie & Fitch during the 2nd quarter valued at approximately $8,454,000. Intech Investment Management LLC grew its holdings in shares of Abercrombie & Fitch by 24.0% during the 2nd quarter. Intech Investment Management LLC now owns 74,597 shares of the apparel retailer’s stock worth $6,180,000 after acquiring an additional 14,436 shares during the period. Finally, Creative Planning grew its holdings in shares of Abercrombie & Fitch by 146.4% during the 2nd quarter. Creative Planning now owns 44,835 shares of the apparel retailer’s stock worth $3,715,000 after acquiring an additional 26,637 shares during the period.

Analyst Ratings Changes

A number of research analysts have recently commented on ANF shares. Morgan Stanley set a $93.00 target price on Abercrombie & Fitch in a research note on Thursday, August 28th. Jefferies Financial Group decreased their price objective on Abercrombie & Fitch from $130.00 to $100.00 and set a “buy” rating for the company in a report on Friday, November 14th. Raymond James Financial set a $105.00 target price on shares of Abercrombie & Fitch and gave the company an “outperform” rating in a report on Thursday, August 28th. Zacks Research downgraded shares of Abercrombie & Fitch from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Abercrombie & Fitch from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.33.

Insider Activity

In other news, EVP Jay Rust sold 1,500 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $93.15, for a total transaction of $139,725.00. Following the sale, the executive vice president owned 6,648 shares of the company’s stock, valued at $619,261.20. This trade represents a 18.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James A. Goldman sold 5,072 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The shares were 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 of the company’s stock, valued at $727,601.70. The trade was a 40.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,964 shares of company stock valued at $759,233 in the last 90 days. 2.29% of the stock is currently owned by insiders.

Abercrombie & Fitch Trading Down 2.8%

Shares of ANF opened at $67.72 on Friday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 6.41 and a beta of 1.44. The business’s fifty day simple moving average is $76.37 and its two-hundred day simple moving average is $83.49. Abercrombie & Fitch Company has a 12 month low of $65.40 and a 12 month high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company posted $2.50 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. 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, research analysts forecast 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.