Abercrombie & Fitch’s (ANF) “Buy” Rating Reiterated at BTIG Research

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “buy” rating reaffirmed by equities research analysts at BTIG Research in a research note issued on Wednesday, Benzinga reports. They currently have a $175.00 price target on the apparel retailer’s stock. BTIG Research’s price target would indicate a potential upside of 22.63% from the company’s previous close.

ANF has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price target on Abercrombie & Fitch from $110.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Zacks Research upgraded Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating in a report on Friday, August 28th. Citigroup lowered Abercrombie & Fitch from a “buy” rating to a “neutral” rating and increased their price target for the company from $135.00 to $156.00 in a research report on Thursday, August 27th. Raymond James Financial restated a “market perform” rating on shares of Abercrombie & Fitch in a report on Tuesday, August 18th. Finally, Jefferies Financial Group set a $175.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $155.38.

Abercrombie & Fitch Stock Up 0.9%

NYSE ANF traded up $1.30 on Wednesday, hitting $142.71. The stock had a trading volume of 783,277 shares, compared to its average volume of 1,468,186. Abercrombie & Fitch has a one year low of $65.45 and a one year high of $155.22. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.22 and a beta of 1.02. The company’s 50-day moving average is $129.40 and its two-hundred day moving average is $102.26.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $2.18. Abercrombie & Fitch had a return on equity of 33.52% and a net margin of 10.03%.The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company posted $2.91 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. 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. On average, sell-side analysts anticipate that Abercrombie & Fitch will post 11.42 earnings per share for the current year.

Insider Transactions at Abercrombie & Fitch

In other news, EVP Jay Rust sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $147.50, for a total transaction of $737,500.00. Following the completion of the sale, the executive vice president directly owned 15,651 shares of the company’s stock, valued at $2,308,522.50. This trade represents a 24.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth Robinson sold 800 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $149.69, for a total value of $119,752.00. Following the sale, the director owned 7,169 shares of the company’s stock, valued at approximately $1,073,127.61. This represents a 10.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 72,800 shares of company stock worth $9,595,392. 2.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

Several hedge funds have recently bought and sold shares of the business. Bbfit Investments PTE Ltd. bought a new position in shares of Abercrombie & Fitch in the fourth quarter worth about $205,539,000. Arrowstreet Capital Limited Partnership boosted its stake in Abercrombie & Fitch by 195.0% during the 4th 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 during the period. Baird Financial Group Inc. acquired a new stake in Abercrombie & Fitch in the 2nd quarter valued at approximately $20,035,000. Dimensional Fund Advisors LP increased its position in Abercrombie & Fitch by 15.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,596,177 shares of the apparel retailer’s stock worth $145,823,000 after buying an additional 208,709 shares during the period. Finally, Delta Global Management LP bought a new position in Abercrombie & Fitch in the 4th quarter worth approximately $25,570,000.

About Abercrombie & Fitch

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.