Teacher Retirement System of Texas Cuts Position in Abercrombie & Fitch Company $ANF

Teacher Retirement System of Texas reduced its position in Abercrombie & Fitch Company (NYSE:ANF) by 35.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,824 shares of the apparel retailer’s stock after selling 4,834 shares during the period. Teacher Retirement System of Texas’ holdings in Abercrombie & Fitch were worth $731,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fred Alger Management LLC acquired a new position in shares of Abercrombie & Fitch during the first quarter worth about $1,462,000. QRG Capital Management Inc. purchased a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at about $782,000. Swedbank AB raised its holdings in shares of Abercrombie & Fitch by 48.1% during the 2nd quarter. Swedbank AB now owns 242,468 shares of the apparel retailer’s stock valued at $20,088,000 after buying an additional 78,769 shares during the period. Fluent Financial LLC acquired a new position in Abercrombie & Fitch during the 2nd quarter worth approximately $2,237,000. Finally, KLP Kapitalforvaltning AS boosted its holdings in Abercrombie & Fitch by 21.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,200 shares of the apparel retailer’s stock worth $1,176,000 after acquiring an additional 2,500 shares during the period.

Abercrombie & Fitch Stock Performance

ANF opened at $71.52 on Friday. The company has a market capitalization of $3.37 billion, a P/E ratio of 6.77 and a beta of 1.44. The company has a 50-day moving average of $80.71 and a 200-day moving average of $83.57. 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. As a group, sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Insider Transactions at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction 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 transaction, the executive vice president owned 6,648 shares of the company’s stock, valued at $619,261.20. The trade was a 18.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 quarter, insiders sold 7,964 shares of company stock worth $759,233. 2.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ANF has been the topic of a number of analyst reports. Morgan Stanley set a $93.00 price objective on shares of Abercrombie & Fitch in a research note on Thursday, August 28th. Zacks Research downgraded shares of Abercrombie & Fitch from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. cut their price objective on shares of Abercrombie & Fitch from $103.00 to $92.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Citigroup lowered their target price on Abercrombie & Fitch from $105.00 to $79.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abercrombie & Fitch in a research report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Abercrombie & Fitch currently has an average rating of “Hold” and an average price target of $107.00.

Abercrombie & Fitch 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.