Abercrombie & Fitch (NYSE:ANF – Get Free Report)‘s stock had its “market perform” rating reissued by stock analysts at Raymond James Financial in a research note issued on Tuesday,Benzinga reports.
A number of other analysts have also recently issued reports on ANF. Jefferies Financial Group lifted their target price on shares of Abercrombie & Fitch from $110.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $87.00 target price on shares of Abercrombie & Fitch in a research note on Monday, July 6th. Weiss Ratings raised Abercrombie & Fitch from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Telsey Advisory Group cut their price objective on shares of Abercrombie & Fitch from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, May 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $108.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, May 27th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.55.
View Our Latest Analysis on ANF
Abercrombie & Fitch Stock Down 2.9%
Abercrombie & Fitch (NYSE:ANF – Get Free Report) last issued its earnings results on Wednesday, May 27th. The apparel retailer reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.21. Abercrombie & Fitch had a return on equity of 34.36% and a net margin of 9.34%.The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The business’s quarterly revenue 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. On average, equities research analysts expect that Abercrombie & Fitch will post 10.46 earnings per share for the current fiscal year.
Insider Activity at Abercrombie & Fitch
In related news, COO Scott D. Lipesky sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $115.00, for a total transaction of $1,150,000.00. Following the completion of the transaction, the chief operating officer owned 152,534 shares in the company, valued at $17,541,410. This trade represents a 6.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 30,000 shares of company stock worth $3,300,000. 2.33% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Bbfit Investments PTE Ltd. bought a new position in shares of Abercrombie & Fitch during the fourth quarter valued at $205,539,000. Wellington Management Group LLP increased its position in shares of Abercrombie & Fitch by 5,749.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock worth $102,148,000 after purchasing an additional 1,173,601 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Abercrombie & Fitch by 56.0% during the 4th quarter. AQR Capital Management LLC now owns 2,504,240 shares of the apparel retailer’s stock valued at $315,209,000 after purchasing an additional 898,884 shares during the last quarter. Norges Bank bought a new position in Abercrombie & Fitch during the 4th quarter valued at about $98,961,000. Finally, M&T Bank Corp acquired a new position in Abercrombie & Fitch in the fourth quarter valued at about $86,383,000.
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.
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