Abercrombie & Fitch (NYSE:ANF) Shares Down 4.1% – What’s Next?

Abercrombie & Fitch Company (NYSE:ANF) was down 4.1% on Monday . The company traded as low as $67.12 and last traded at $67.03. Approximately 343,637 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 2,263,787 shares. The stock had previously closed at $69.87.

Analyst Ratings Changes

ANF has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a research report on Thursday, October 30th. UBS Group decreased their target price on Abercrombie & Fitch from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Morgan Stanley set a $93.00 price objective on shares of Abercrombie & Fitch in a research report on Thursday, August 28th. Citigroup decreased their price objective on shares of Abercrombie & Fitch from $105.00 to $79.00 and set a “neutral” rating on the stock in a report on Tuesday, November 4th. Finally, BTIG Research reduced their price target on shares of Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $102.33.

Abercrombie & Fitch Stock Down 5.9%

The company’s 50-day moving average is $76.01 and its 200-day moving average is $83.69. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 6.22 and a beta of 1.44.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm 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. Sell-side analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,392 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $94.60, for a total value of $131,683.20. Following the transaction, the director owned 5,880 shares of the company’s stock, valued at $556,248. This represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $93.15, for a total transaction of $139,725.00. Following the sale, the executive vice president owned 6,648 shares of the company’s stock, valued at approximately $619,261.20. This represents a 18.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 7,964 shares of company stock worth $759,233. Company insiders own 2.29% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new position in Abercrombie & Fitch during the 3rd quarter worth about $430,000. Centaurus Financial Inc. purchased a new stake in Abercrombie & Fitch during the third quarter worth about $111,000. Coldstream Capital Management Inc. purchased a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $213,000. Danske Bank A S acquired a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $644,000. Finally, NewEdge Advisors LLC increased its stake in Abercrombie & Fitch by 62.8% during the 3rd quarter. NewEdge Advisors LLC now owns 573 shares of the apparel retailer’s stock worth $49,000 after buying an additional 221 shares during the period.

About Abercrombie & Fitch

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.