Lazard Asset Management LLC Grows Position in Abercrombie & Fitch Company $ANF

Lazard Asset Management LLC grew its holdings in shares of Abercrombie & Fitch Company (NYSE:ANF) by 76.7% in the first quarter, Holdings Channel reports. The institutional investor owned 10,917 shares of the apparel retailer’s stock after purchasing an additional 4,739 shares during the period. Lazard Asset Management LLC’s holdings in Abercrombie & Fitch were worth $997,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in shares of Abercrombie & Fitch by 181.6% in the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 227 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in Abercrombie & Fitch by 322.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 190 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Abercrombie & Fitch by 120.3% in the fourth quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 148 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Abercrombie & Fitch by 94.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 170 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Abercrombie & Fitch in the fourth quarter valued at approximately $44,000.

Insiders Place Their Bets

In related news, COO Scott D. Lipesky sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $105.00, for a total value of $1,050,000.00. Following the completion of the transaction, the chief operating officer directly owned 172,534 shares of the company’s stock, valued at $18,116,070. This trade represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.33% of the stock is owned by insiders.

Abercrombie & Fitch Price Performance

ANF opened at $109.45 on Thursday. Abercrombie & Fitch Company has a 12 month low of $65.45 and a 12 month high of $133.11. The stock has a market capitalization of $4.86 billion, a P/E ratio of 10.50 and a beta of 0.90. The business has a 50 day simple moving average of $90.60 and a 200-day simple moving average of $90.22.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, May 27th. The apparel retailer reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.21. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Abercrombie & Fitch had a return on equity of 34.36% and a net margin of 9.34%.Abercrombie & Fitch’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.59 earnings per share. 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. Research analysts anticipate that Abercrombie & Fitch Company will post 10.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ANF. JPMorgan Chase & Co. boosted their price objective on shares of Abercrombie & Fitch from $107.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abercrombie & Fitch in a research report on Tuesday, June 2nd. Telsey Advisory Group cut their price target on shares of Abercrombie & Fitch from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, May 28th. Morgan Stanley restated an “equal weight” rating and issued a $87.00 price objective on shares of Abercrombie & Fitch in a research note on Monday, July 6th. Finally, Barclays lifted their price target on Abercrombie & Fitch from $76.00 to $78.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Eight 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $111.91.

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.