Abercrombie & Fitch Company $ANF Stock: Kestra Investment Management LLC Cuts Stake

Kestra Investment Management LLC lowered its stake in Abercrombie & Fitch Company (NYSE:ANF) by 22.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,778 shares of the apparel retailer’s stock after selling 4,272 shares during the period. Kestra Investment Management LLC’s holdings in Abercrombie & Fitch were worth $1,991,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its holdings in Abercrombie & Fitch by 41.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,310,296 shares of the apparel retailer’s stock worth $119,722,000 after acquiring an additional 384,845 shares during the period. Baird Financial Group Inc. acquired a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at about $20,035,000. Dimensional Fund Advisors LP lifted its stake in shares of Abercrombie & Fitch by 15.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,596,177 shares of the apparel retailer’s stock valued at $145,823,000 after purchasing an additional 208,709 shares during the period. Impala Asset Management LLC bought a new stake in shares of Abercrombie & Fitch during the 1st quarter valued at about $6,122,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Abercrombie & Fitch by 30.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 257,474 shares of the apparel retailer’s stock valued at $24,269,000 after purchasing an additional 60,454 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ANF shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $180.00 target price on shares of Abercrombie & Fitch in a report on Tuesday. Argus upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $162.00 price target on the stock in a report on Monday, August 31st. Telsey Advisory Group raised their price objective on shares of Abercrombie & Fitch from $118.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Weiss Ratings raised shares of Abercrombie & Fitch from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 16th. Finally, Citigroup lowered shares of Abercrombie & Fitch from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $135.00 to $156.00 in a research note on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $158.64.

Insiders Place Their Bets

In other news, COO Scott Lipesky sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $149.00, for a total value of $745,000.00. Following the completion of the transaction, the chief operating officer directly owned 147,534 shares of the company’s stock, valued at $21,982,566. This represents a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jay Rust sold 5,000 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $147.50, for a total value of $737,500.00. Following the sale, the executive vice president directly owned 15,651 shares of the company’s stock, valued at $2,308,522.50. The trade was a 24.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 42,800 shares of company stock valued at $6,295,392. Insiders own 2.33% of the company’s stock.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock opened at $154.24 on Wednesday. Abercrombie & Fitch Company has a fifty-two week low of $65.45 and a fifty-two week high of $172.00. The stock has a market cap of $6.54 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The firm’s 50-day simple moving average is $147.85 and its 200 day simple moving average is $106.90.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $2.18. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. Abercrombie & Fitch had a net margin of 10.03% and a return on equity of 33.52%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.91 EPS. Abercrombie & Fitch has set its Q3 2026 guidance at 2.900-3.200 EPS and its FY 2026 guidance at 13.100-13.600 EPS. As a group, analysts predict that Abercrombie & Fitch Company will post 11.42 EPS for the current fiscal year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co. is a global specialty retailer of apparel and accessories. Its portfolio includes Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, with products for women, men and children that include clothing, footwear, accessories and personal-care items. The company sells through retail stores and digital channels, serving customers in North America and international markets. It traces its origins to 1892, when David T. Abercrombie founded an outfitting business in New York; Ezra Fitch joined the company in 1900.