Abercrombie & Fitch (NYSE:ANF) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Abercrombie & Fitch (NYSE:ANF) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other equities analysts have also recently issued reports on ANF. JPMorgan Chase & Co. boosted their target price on shares of Abercrombie & Fitch from $92.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday. UBS Group upped their price objective on shares of Abercrombie & Fitch from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup increased their target price on shares of Abercrombie & Fitch from $79.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday. Raymond James Financial set a $105.00 price target on Abercrombie & Fitch and gave the stock an “outperform” rating in a report on Thursday, August 28th. Finally, BTIG Research dropped their price objective on Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Abercrombie & Fitch currently has a consensus rating of “Hold” and a consensus target price of $106.22.

Abercrombie & Fitch Stock Up 5.7%

ANF stock opened at $95.41 on Tuesday. The firm has a 50 day moving average of $75.84 and a 200 day moving average of $83.83. The stock has a market capitalization of $4.49 billion, a PE ratio of 9.03 and a beta of 1.44. Abercrombie & Fitch has a 52 week low of $65.40 and a 52 week high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Tuesday, November 25th. The apparel retailer reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.22. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.Abercrombie & Fitch’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.50 earnings per share. Abercrombie & Fitch has set its Q4 2025 guidance at 3.400-3.70 EPS. FY 2025 guidance at 10.200-10.500 EPS. On average, equities research analysts expect that Abercrombie & Fitch will post 10.62 earnings per share for the current year.

Insider Activity

In related news, Director Kenneth B. Robinson sold 1,392 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $94.60, for a total transaction of $131,683.20. Following the sale, the director directly owned 5,880 shares of the company’s stock, valued at $556,248. This represents a 19.14% decrease in their position. The sale 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 the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $93.15, for a total value of $139,725.00. Following the sale, the executive vice president directly owned 6,648 shares in the company, valued at $619,261.20. This represents a 18.41% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 7,964 shares of company stock valued at $759,233. Company insiders own 2.29% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC lifted its stake in Abercrombie & Fitch by 181.6% during the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 227 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Abercrombie & Fitch during the second quarter worth approximately $38,000. Blue Trust Inc. acquired a new stake in Abercrombie & Fitch during the third quarter worth approximately $38,000. Hantz Financial Services Inc. lifted its position in shares of Abercrombie & Fitch by 108.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock worth $41,000 after buying an additional 250 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Abercrombie & Fitch by 268.0% in the 3rd quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer’s stock valued at $56,000 after buying an additional 485 shares in the last quarter.

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.