KBC Group NV Has $113,000 Stake in Abercrombie & Fitch Company $ANF

KBC Group NV lowered its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 39.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,367 shares of the apparel retailer’s stock after selling 882 shares during the quarter. KBC Group NV’s holdings in Abercrombie & Fitch were worth $113,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new position in Abercrombie & Fitch in the 2nd quarter valued at about $38,000. IFP Advisors Inc increased its stake in Abercrombie & Fitch by 166.7% in the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer’s stock valued at $65,000 after acquiring an additional 530 shares during the last quarter. Bayforest Capital Ltd raised its position in Abercrombie & Fitch by 102.9% during the first 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. Parallel Advisors LLC lifted its stake in Abercrombie & Fitch by 178.6% during the second quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer’s stock worth $68,000 after purchasing an additional 527 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Abercrombie & Fitch by 100.9% in the 2nd 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 in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price target on shares of Abercrombie & Fitch in a report on Tuesday. Citigroup lowered their price target on shares of Abercrombie & Fitch from $105.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday, November 4th. UBS Group cut their price objective on Abercrombie & Fitch from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of Abercrombie & Fitch in a research report on Thursday, October 30th. Finally, Zacks Research downgraded Abercrombie & Fitch from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Five equities 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 company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $102.33.

Insider Activity at Abercrombie & Fitch

In related 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 sale, the executive vice president owned 6,648 shares of the company’s stock, valued at approximately $619,261.20. This trade represents a 18.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenneth B. Robinson sold 1,392 shares of Abercrombie & Fitch stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $94.60, for a total transaction of $131,683.20. Following the transaction, the director owned 5,880 shares of the company’s stock, valued at $556,248. This represents a 19.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,964 shares of company stock valued at $759,233 in the last three months. Corporate insiders own 2.29% of the company’s stock.

Abercrombie & Fitch Stock Up 2.9%

ANF stock opened at $69.79 on Friday. The company’s fifty day simple moving average is $76.01 and its 200 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. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 6.60 and a beta of 1.44.

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