Abercrombie & Fitch (NYSE:ANF) Earns “Buy” Rating from BTIG Research

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “buy” rating reaffirmed by analysts at BTIG Research in a report released on Wednesday, Benzinga reports. They currently have a $175.00 price objective on the apparel retailer’s stock. BTIG Research’s price target points to a potential upside of 25.46% from the stock’s previous close.

A number of other equities analysts also recently issued reports on ANF. Jefferies Financial Group set a $175.00 price objective on Abercrombie & Fitch in a research report on Wednesday, August 26th. UBS Group increased their target price on shares of Abercrombie & Fitch from $153.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. BMO Capital Markets started coverage on shares of Abercrombie & Fitch in a report on Tuesday, September 8th. They set an “outperform” rating and a $170.00 price target for the company. Zacks Research upgraded shares of Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 28th. Finally, Telsey Advisory Group upped their price objective on shares of Abercrombie & Fitch from $118.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.38.

Abercrombie & Fitch Trading Down 1.3%

NYSE:ANF traded down $1.91 during mid-day trading on Wednesday, hitting $139.49. 1,088,071 shares of the company’s stock were exchanged, compared to its average volume of 1,475,185. The company has a 50 day simple moving average of $127.83 and a 200-day simple moving average of $101.52. Abercrombie & Fitch has a fifty-two week low of $65.45 and a fifty-two week high of $155.22. The firm has a market capitalization of $5.92 billion, a P/E ratio of 11.94, a PEG ratio of 1.24 and a beta of 1.02.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $2.18. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Abercrombie & Fitch had a net margin of 10.03% and a return on equity of 33.52%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.91 EPS. Abercrombie & Fitch has set its Q3 2026 guidance at 2.900-3.200 EPS and its FY 2026 guidance at 13.100-13.600 EPS. As a group, analysts expect that Abercrombie & Fitch will post 11.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Gregory Henchel sold 30,000 shares of Abercrombie & Fitch stock in a transaction on Friday, August 28th. The shares were sold at an average price of $146.65, for a total value of $4,399,500.00. Following the completion of the sale, the executive vice president owned 33,681 shares in the company, valued at $4,939,318.65. The trade was a 47.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jay Rust sold 5,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $147.50, for a total transaction of $737,500.00. Following the transaction, the executive vice president owned 15,651 shares in the company, valued at $2,308,522.50. The trade was a 24.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 72,800 shares of company stock valued at $9,595,392 over the last 90 days. 2.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Timbuktu Capital Management LLC bought a new position in Abercrombie & Fitch in the second quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $56,000. Versant Capital Management Inc raised its position in shares of Abercrombie & Fitch by 29.8% during the second quarter. Versant Capital Management Inc now owns 610 shares of the apparel retailer’s stock worth $55,000 after purchasing an additional 140 shares during the period. Parallel Advisors LLC raised its position in shares of Abercrombie & Fitch by 46.7% during the first quarter. Parallel Advisors LLC now owns 788 shares of the apparel retailer’s stock worth $72,000 after purchasing an additional 251 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Abercrombie & Fitch in the 2nd quarter worth $86,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co is a global specialty retailer of apparel, accessories and personal-care products. The company operates a portfolio of lifestyle brands, including Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, serving customers across a range of age groups and fashion preferences.

Its product offerings include casual clothing, denim, dresses, intimates, sleepwear, activewear, swimwear, footwear, accessories and fragrances. The company sells its merchandise through branded retail stores, e-commerce websites and other digital channels, with operations serving customers in North America, Europe, Asia and other international markets.

Founded in 1892 as a sporting-goods store in New York City, Abercrombie & Fitch evolved into a lifestyle apparel retailer and has expanded its brand portfolio over time.