Federated Hermes Inc. Has $1.32 Million Stake in Abercrombie & Fitch Company $ANF

Federated Hermes Inc. lessened its holdings in Abercrombie & Fitch Company (NYSE:ANF) by 67.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,416 shares of the apparel retailer’s stock after selling 32,095 shares during the period. Federated Hermes Inc.’s holdings in Abercrombie & Fitch were worth $1,319,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. NewEdge Advisors LLC increased its stake in shares of Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 227 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $38,000. Blue Trust Inc. bought a new stake in shares of Abercrombie & Fitch in the 3rd quarter worth about $38,000. EverSource Wealth Advisors LLC raised its stake in shares of Abercrombie & Fitch by 392.4% in the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer’s stock valued at $59,000 after acquiring an additional 569 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Abercrombie & Fitch by 100.9% in the second quarter. Asset Management One Co. Ltd. now owns 864 shares of the apparel retailer’s stock valued at $72,000 after buying an additional 434 shares in the last quarter.

Insider Buying and Selling at Abercrombie & Fitch

In related news, CEO Fran Horowitz sold 50,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $101.12, for a total transaction of $5,056,000.00. Following the sale, the chief executive officer owned 455,303 shares of the company’s stock, valued at $46,040,239.36. This trade represents a 9.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 253,200 shares of company stock worth $24,764,296. Company insiders own 2.29% of the company’s stock.

Abercrombie & Fitch Stock Down 6.1%

Shares of Abercrombie & Fitch stock opened at $99.08 on Friday. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $133.11. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 9.50 and a beta of 1.19. The firm’s 50-day moving average price is $110.15 and its two-hundred day moving average price is $93.78.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.22. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $2.50 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Analyst Ratings Changes

ANF has been the topic of a number of recent research reports. The Goldman Sachs Group assumed coverage on Abercrombie & Fitch in a research report on Thursday, December 11th. They issued a “buy” rating and a $120.00 price objective on the stock. UBS Group increased their target price on Abercrombie & Fitch from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Wall Street Zen lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. BTIG Research reissued a “buy” rating on shares of Abercrombie & Fitch in a research report on Tuesday, January 13th. Finally, Barclays boosted their price target on Abercrombie & Fitch from $94.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.60.

Abercrombie & Fitch Company 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.