On May 15, 2026, Nicholas Investment Partners disclosed selling 109,532 shares of Abercrombie & Fitch Co. (ANF 2.42%), an estimated $10.65 million trade based on quarterly average pricing.
What happened
According to a recent SEC filing dated May 15, 2026, Nicholas Investment Partners sold 109,532 shares of Abercrombie & Fitch Co. during the first quarter. The estimated transaction value, calculated using the average unadjusted closing price for the period, was $10.65 million. The value of the fund’s position changed by $14.50 million over the quarter, reflecting both share sales and share price movement.
What else to know
- Top holdings after the filing:
- NYSE:BWXT: $53.55 million (4.32% of AUM)
- NASDAQ:INSM: $29.85 million (2.41% of AUM)
- NASDAQ:KTOS: $27.56 million (2.23% of AUM)
- NYSE:GEV: $26.54 million (2.14% of AUM)
- NASDAQ:RVMD: $25.40 million (2.05% of AUM)
- As of May 14, 2026, ANF shares were priced at $72.32, down 10% over the past year and underperforming the S&P 500 by 35 percentage points.
Company overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $5.27 billion |
| Net income (TTM) | $506.92 million |
| Price (as of market close May 14, 2026) | $72.32 |
| One-year price change | (10%) |
Company snapshot
- ANF offers apparel, personal care products, and accessories under multiple brands, including Abercrombie & Fitch, Hollister, abercrombie kids, Gilly Hicks, Moose, Seagull, and Social Tourist.
- The brand generates revenue through a combination of company-operated retail stores, e-commerce platforms, and third-party wholesale, franchise, and licensing arrangements.
- It targets men, women, and children globally through operations in North America, Europe, Asia, Canada, the Middle East, United States, and internationally.
Abercrombie & Fitch Co. is a global specialty retailer with a diverse portfolio of brands and a multi-channel distribution strategy. The company leverages its established retail footprint and digital platforms to reach a broad customer demographic.
What this transaction means for investors
Abercrombie stock is still coming off several years of huge gains. After all, it’s still up 71% over the past five years despite collapsing by more than 60% since mid-2024. However, investors have become more cautious as growth moderates and margins compress.
The company reported record annual sales of $5.27 billion for fiscal 2025, up 6% year over year, while fourth-quarter sales climbed 5% to $1.67 billion. Hollister remained the standout, posting 15% full-year sales growth, while the Abercrombie brand itself declined 1%. Management also returned $450 million to shareholders through buybacks last year, reducing shares outstanding by 11%. But at the same time, operating margin slipped to 13.3% from 15.0%, showing the company is investing more aggressively to sustain growth.
Now, the key question is whether Abercrombie can keep evolving from a turnaround story into a durable global brand operator. Upcoming earnings on May 27 could offer a clearer read on whether demand trends are stabilizing after the recent stock pullback.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends BWX Technologies, GE Vernova, and Kratos Defense & Security Solutions. The Motley Fool recommends Abercrombie & Fitch. The Motley Fool has a disclosure policy.
