UBS Group Issues Pessimistic Forecast for Abercrombie & Fitch (NYSE:ANF) Stock Price

Abercrombie & Fitch (NYSE:ANF) had its price objective cut by analysts at UBS Group from $130.00 to $125.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the apparel retailer’s stock. UBS Group’s target price would suggest a potential upside of 73.93% from the stock’s current price.

Several other equities analysts have also recently issued reports on the stock. Raymond James Financial set a $105.00 target price on shares of Abercrombie & Fitch and gave the company an “outperform” rating in a research note on Thursday, August 28th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Friday, September 12th. Zacks Research downgraded shares of Abercrombie & Fitch from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. BTIG Research assumed coverage on shares of Abercrombie & Fitch in a research note on Thursday, September 18th. They set a “buy” rating and a $120.00 target price for the company. Finally, Citigroup dropped their price target on Abercrombie & Fitch from $105.00 to $79.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $106.44.

Abercrombie & Fitch Trading Up 0.9%

NYSE:ANF traded up $0.63 on Thursday, reaching $71.87. 324,407 shares of the stock traded hands, compared to its average volume of 2,293,405. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 6.78 and a beta of 1.44. Abercrombie & Fitch has a 12 month low of $65.40 and a 12 month high of $164.80. The company’s fifty day simple moving average is $79.40 and its 200 day simple moving average is $83.59.

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, topping the consensus estimate of $2.27 by $0.05. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.50 earnings per share. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. Equities analysts anticipate that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director James A. Goldman sold 5,072 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $96.18, for a total transaction of $487,824.96. Following the completion of the transaction, the director owned 7,565 shares in the company, valued at $727,601.70. The trade was a 40.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth B. Robinson sold 1,392 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $94.60, for a total value of $131,683.20. Following the completion of the sale, the director owned 5,880 shares in the company, valued at approximately $556,248. The trade was a 19.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,964 shares of company stock valued at $759,233 over the last 90 days. Insiders own 2.29% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in Abercrombie & Fitch by 181.6% during the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 227 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at approximately $38,000. Blue Trust Inc. purchased a new stake in Abercrombie & Fitch during the 3rd quarter valued at about $38,000. Hantz Financial Services Inc. increased its stake in shares of Abercrombie & Fitch by 108.2% in the third quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock worth $41,000 after acquiring an additional 250 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Abercrombie & Fitch by 268.0% in the third quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer’s stock valued at $56,000 after acquiring an additional 485 shares during the period.

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.