Abercrombie & Fitch (NYSE:ANF) Trading Down 4.1% – Should You Sell?

Abercrombie & Fitch Company (NYSE:ANF)’s stock price dropped 4.1% during mid-day trading on Monday . The company traded as low as $67.12 and last traded at $67.03. Approximately 343,637 shares traded hands 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.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Thursday, October 30th. Morgan Stanley set a $93.00 target price on shares of Abercrombie & Fitch in a research note on Thursday, August 28th. UBS Group decreased their price target on shares of Abercrombie & Fitch from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Jefferies Financial Group dropped their price objective on shares of Abercrombie & Fitch from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Finally, Raymond James Financial set a $105.00 price objective on shares of Abercrombie & Fitch and gave the company an “outperform” rating in a report on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $102.33.

Abercrombie & Fitch Price Performance

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

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

Insiders Place Their Bets

In related news, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction on Friday, August 29th. The shares were sold at an average price of $93.15, for a total value 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kenneth B. Robinson sold 1,392 shares of the company’s stock in a transaction 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 transaction, the director owned 5,880 shares of the company’s stock, valued at approximately $556,248. The trade was a 19.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 7,964 shares of company stock valued at $759,233. 2.29% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ANF. AQR Capital Management LLC lifted its position in Abercrombie & Fitch by 1.1% in the second quarter. AQR Capital Management LLC now owns 1,978,142 shares of the apparel retailer’s stock valued at $163,889,000 after purchasing an additional 22,215 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Abercrombie & Fitch by 5,749.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock valued at $102,148,000 after buying an additional 1,173,601 shares during the period. American Century Companies Inc. boosted its stake in shares of Abercrombie & Fitch by 41.2% in the third quarter. American Century Companies Inc. now owns 1,176,990 shares of the apparel retailer’s stock valued at $100,691,000 after buying an additional 343,288 shares in the last quarter. Boston Partners grew its holdings in Abercrombie & Fitch by 102.5% during the third quarter. Boston Partners now owns 1,094,023 shares of the apparel retailer’s stock worth $92,940,000 after acquiring an additional 553,889 shares during the period. Finally, Valeo Financial Advisors LLC raised its position in Abercrombie & Fitch by 10,469.4% in the second quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock worth $82,278,000 after acquiring an additional 983,705 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.