Abercrombie & Fitch (NYSE:ANF) Given Buy Rating at BTIG Research

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “buy” rating restated by BTIG Research in a report issued on Wednesday, Benzinga reports. They currently have a $175.00 price target on the apparel retailer’s stock. BTIG Research’s price objective would indicate a potential upside of 23.48% from the company’s current price.

Several other brokerages have also issued reports on ANF. JPMorgan Chase & Co. raised their target price on shares of Abercrombie & Fitch from $110.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th. The Goldman Sachs Group set a $160.00 target price on shares of Abercrombie & Fitch in a research note on Thursday, August 27th. Needham & Company LLC raised their target price on shares of Abercrombie & Fitch from $108.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Zacks Research raised shares of Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 28th. Finally, BMO Capital Markets initiated coverage on shares of Abercrombie & Fitch in a research note on Tuesday, September 8th. They issued an “outperform” rating and a $170.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Abercrombie & Fitch has an average rating of “Moderate Buy” and a consensus target price of $155.38.

Abercrombie & Fitch Stock Performance

ANF traded up $2.28 during midday trading on Wednesday, hitting $141.72. The company had a trading volume of 925,957 shares, compared to its average volume of 1,253,886. The company has a market capitalization of $6.01 billion, a PE ratio of 14.04, a P/E/G ratio of 1.22 and a beta of 1.02. Abercrombie & Fitch has a twelve month low of $65.45 and a twelve month high of $155.22. The firm’s 50-day simple moving average is $128.57 and its 200-day simple moving average is $101.88.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share 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 quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last 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, sell-side analysts anticipate that Abercrombie & Fitch will post 11.42 EPS for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $115.00, for a total value of $1,150,000.00. Following the completion of the sale, the chief operating officer owned 152,534 shares of the company’s stock, valued at approximately $17,541,410. This represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth B. Robinson sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $149.69, for a total transaction of $119,752.00. Following the completion of the sale, the director directly owned 7,169 shares of the company’s stock, valued at $1,073,127.61. The trade was a 10.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 72,800 shares of company stock worth $9,595,392 over the last quarter. Company insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Several large investors have recently bought and sold shares of ANF. Bbfit Investments PTE Ltd. bought a new stake in Abercrombie & Fitch in the fourth quarter valued at approximately $205,539,000. Arrowstreet Capital Limited Partnership increased its stake in Abercrombie & Fitch by 195.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 925,451 shares of the apparel retailer’s stock valued at $116,487,000 after purchasing an additional 611,743 shares in the last quarter. Baird Financial Group Inc. bought a new stake in Abercrombie & Fitch in the second quarter valued at approximately $20,035,000. Dimensional Fund Advisors LP increased its stake in Abercrombie & Fitch by 15.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,596,177 shares of the apparel retailer’s stock valued at $145,823,000 after purchasing an additional 208,709 shares in the last quarter. Finally, Delta Global Management LP bought a new stake in Abercrombie & Fitch in the fourth quarter valued at approximately $25,570,000.

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.