Abercrombie & Fitch (NYSE:ANF) Price Target Cut to $125.00 by Analysts at UBS Group

Abercrombie & Fitch (NYSE:ANF) had its price target reduced by UBS Group from $130.00 to $125.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the apparel retailer’s stock.

ANF has been the topic of several other reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 target price on shares of Abercrombie & Fitch in a report on Friday, September 12th. Raymond James Financial set a $105.00 price target on shares of Abercrombie & Fitch and gave the company an “outperform” rating in a research report on Thursday, August 28th. Morgan Stanley set a $93.00 target price on shares of Abercrombie & Fitch in a research report on Thursday, August 28th. JPMorgan Chase & Co. cut their target price on shares of Abercrombie & Fitch from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Finally, BTIG Research started coverage on shares of Abercrombie & Fitch in a report on Thursday, September 18th. They set a “buy” rating and a $120.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $102.56.

Abercrombie & Fitch Trading Down 2.6%

Abercrombie & Fitch stock traded down $1.87 during mid-day trading on Thursday, hitting $69.75. 998,451 shares of the company’s stock were exchanged, compared to its average volume of 2,290,507. The stock has a 50 day moving average of $78.46 and a two-hundred day moving average of $83.50. The stock has a market cap of $3.28 billion, a P/E ratio of 6.60 and a beta of 1.44. Abercrombie & Fitch has a 1-year low of $65.40 and a 1-year high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.05. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $2.50 earnings per share. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. As a group, research analysts predict that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,392 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $94.60, for a total transaction of $131,683.20. Following the completion of the sale, the director directly owned 5,880 shares in the company, valued at approximately $556,248. The trade was a 19.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $93.15, for a total transaction of $139,725.00. Following the transaction, the executive vice president directly owned 6,648 shares in the company, valued at $619,261.20. This trade represents a 18.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 7,964 shares of company stock worth $759,233 in the last 90 days. 2.29% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its position in Abercrombie & Fitch by 139.7% during the 1st quarter. Victory Capital Management Inc. now owns 60,810 shares of the apparel retailer’s stock worth $4,644,000 after purchasing an additional 35,443 shares during the period. Burns Matteson Capital Management LLC bought a new stake in shares of Abercrombie & Fitch during the 1st quarter worth about $213,000. Easterly Investment Partners LLC raised its holdings in shares of Abercrombie & Fitch by 13.6% in the 1st quarter. Easterly Investment Partners LLC now owns 35,627 shares of the apparel retailer’s stock worth $2,721,000 after purchasing an additional 4,269 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Abercrombie & Fitch by 37.5% in the first quarter. Jennison Associates LLC now owns 7,764 shares of the apparel retailer’s stock worth $593,000 after buying an additional 2,118 shares during the period. Finally, Private Advisor Group LLC grew its stake in Abercrombie & Fitch by 51.6% during the 1st quarter. Private Advisor Group LLC now owns 28,228 shares of the apparel retailer’s stock valued at $2,156,000 after acquiring an additional 9,602 shares in the last quarter.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.