Norges Bank Takes $98.96 Million Position in Abercrombie & Fitch Company $ANF

Norges Bank acquired a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 786,217 shares of the apparel retailer’s stock, valued at approximately $98,961,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Hillsdale Investment Management Inc. grew its holdings in shares of Abercrombie & Fitch by 130.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 68,500 shares of the apparel retailer’s stock valued at $8,622,000 after purchasing an additional 38,800 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Abercrombie & Fitch by 60.6% in the fourth quarter. Intech Investment Management LLC now owns 50,942 shares of the apparel retailer’s stock valued at $6,412,000 after purchasing an additional 19,215 shares in the last quarter. Integrity Alliance LLC. purchased a new position in shares of Abercrombie & Fitch in the fourth quarter valued at $303,000. AlphaQuest LLC grew its holdings in shares of Abercrombie & Fitch by 16.5% in the fourth quarter. AlphaQuest LLC now owns 16,185 shares of the apparel retailer’s stock valued at $2,037,000 after purchasing an additional 2,290 shares in the last quarter. Finally, Royce & Associates LP purchased a new position in shares of Abercrombie & Fitch in the fourth quarter valued at $9,967,000.

Wall Street Analysts Forecast Growth

ANF has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their target price on shares of Abercrombie & Fitch from $107.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Telsey Advisory Group cut their target price on shares of Abercrombie & Fitch from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, May 28th. BTIG Research reissued a “buy” rating and issued a $120.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Tuesday. Finally, Jefferies Financial Group dropped their price objective on shares of Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Eight investment 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $112.64.

Abercrombie & Fitch Stock Down 3.2%

NYSE ANF opened at $75.21 on Friday. The company has a fifty day moving average of $84.48 and a two-hundred day moving average of $94.64. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 7.22 and a beta of 0.92. Abercrombie & Fitch Company has a 52 week low of $65.45 and a 52 week high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, May 27th. The apparel retailer reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.21. Abercrombie & Fitch had a return on equity of 34.36% and a net margin of 9.34%.The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the company earned $1.59 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. 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. Equities research analysts anticipate that Abercrombie & Fitch Company will post 10.61 EPS for the current year.

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.