Zacks Research Upgrades Abercrombie & Fitch (NYSE:ANF) to Hold

Abercrombie & Fitch (NYSE:ANF) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other analysts have also weighed in on ANF. Raymond James Financial set a $105.00 price objective on shares of Abercrombie & Fitch and gave the company an “outperform” rating in a research note on Thursday, August 28th. Morgan Stanley boosted their price objective on shares of Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Tuesday. Jefferies Financial Group reduced their target price on Abercrombie & Fitch from $130.00 to $100.00 and set a “buy” rating for the company in a report on Friday, November 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Hold” and a consensus price target of $106.22.

Abercrombie & Fitch Trading Up 5.7%

Abercrombie & Fitch stock opened at $95.41 on Tuesday. The business’s fifty day simple moving average is $75.84 and its two-hundred day simple moving average is $83.83. Abercrombie & Fitch has a 12 month low of $65.40 and a 12 month high of $164.80. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 9.03 and a beta of 1.44.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Tuesday, November 25th. The apparel retailer reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.22. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The company’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $2.50 earnings per share. Abercrombie & Fitch has set its Q4 2025 guidance at 3.400-3.70 EPS. FY 2025 guidance at 10.200-10.500 EPS. On average, equities research analysts predict that Abercrombie & Fitch will post 10.62 EPS for the current year.

Insider Transactions at Abercrombie & Fitch

In other news, Director James A. Goldman sold 5,072 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $96.18, for a total value of $487,824.96. Following the transaction, the director directly owned 7,565 shares in the company, valued at $727,601.70. This trade represents a 40.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction on Friday, August 29th. The stock was sold at an average price of $93.15, for a total value of $139,725.00. Following the completion of the sale, the executive vice president directly owned 6,648 shares of the company’s stock, valued at $619,261.20. The trade was a 18.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,964 shares of company stock worth $759,233 in the last ninety days. Insiders own 2.29% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Several hedge funds and other institutional investors have recently made changes to their positions in ANF. AQR Capital Management LLC boosted its holdings in shares of 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 worth $163,889,000 after buying an additional 22,215 shares during the last quarter. Wellington Management Group LLP increased its holdings in Abercrombie & Fitch by 5,749.6% during the third 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 last quarter. American Century Companies Inc. raised its position in 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 worth $100,691,000 after acquiring an additional 343,288 shares during the period. Boston Partners boosted its stake in shares of Abercrombie & Fitch by 102.5% during the 3rd 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 last quarter. Finally, Valeo Financial Advisors LLC grew its position in shares of Abercrombie & Fitch by 10,469.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock valued at $82,278,000 after acquiring an additional 983,705 shares during the period.

About Abercrombie & Fitch

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.