Renaissance Technologies LLC Reduces Stake in Abercrombie & Fitch Company $ANF

Renaissance Technologies LLC lessened its stake in shares of Abercrombie & Fitch Company (NYSE:ANF) by 9.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 825,510 shares of the apparel retailer’s stock after selling 86,300 shares during the period. Renaissance Technologies LLC’s holdings in Abercrombie & Fitch were worth $75,427,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Bbfit Investments PTE Ltd. acquired a new position in Abercrombie & Fitch in the 4th quarter valued at about $205,539,000. Wellington Management Group LLP lifted its stake in shares of Abercrombie & Fitch by 5,749.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock valued at $102,148,000 after purchasing an additional 1,173,601 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Abercrombie & Fitch by 56.0% during the 4th quarter. AQR Capital Management LLC now owns 2,504,240 shares of the apparel retailer’s stock worth $315,209,000 after purchasing an additional 898,884 shares during the period. Norges Bank purchased a new stake in Abercrombie & Fitch in the 4th quarter valued at about $98,961,000. Finally, M&T Bank Corp purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth approximately $86,383,000.

Abercrombie & Fitch Stock Performance

Shares of NYSE ANF opened at $93.82 on Friday. The stock’s 50-day simple moving average is $86.07 and its 200-day simple moving average is $91.10. The firm has a market capitalization of $4.17 billion, a PE ratio of 9.00 and a beta of 0.89. Abercrombie & Fitch Company has a fifty-two week low of $65.45 and a fifty-two week high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, May 27th. The apparel retailer reported $1.47 EPS for the quarter, beating the consensus estimate of $1.26 by $0.21. Abercrombie & Fitch had a net margin of 9.34% and a return on equity of 34.36%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm posted $1.59 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. Abercrombie & Fitch has set its Q2 2026 guidance at 1.800-2.000 EPS and its FY 2026 guidance at 10.200-11.000 EPS. On average, sell-side analysts forecast that Abercrombie & Fitch Company will post 10.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ANF. Needham & Company LLC reissued a “buy” rating and issued a $108.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 27th. Weiss Ratings restated a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Tuesday, June 2nd. BTIG Research reaffirmed a “buy” rating and issued a $120.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 27th. Raymond James Financial set a $92.00 price target on shares of Abercrombie & Fitch in a research note on Thursday, May 21st. Finally, UBS Group lowered their price objective on shares of Abercrombie & Fitch from $149.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, May 28th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $111.91.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.