Abercrombie & Fitch (NYSE:ANF) Rating Lowered to “Hold” at Zacks Research

Abercrombie & Fitch (NYSE:ANF) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

A number of other equities research analysts have also recently commented on the stock. Raymond James Financial cut shares of Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. upped their price target on shares of Abercrombie & Fitch from $110.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Needham & Company LLC upped their price target on shares of Abercrombie & Fitch from $108.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Morgan Stanley increased their price target on shares of Abercrombie & Fitch from $87.00 to $134.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. Finally, Barclays raised their price objective on shares of Abercrombie & Fitch from $114.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and an average target price of $158.64.

Abercrombie & Fitch Stock Performance

ANF opened at $154.24 on Monday. The business’s fifty day moving average is $147.85 and its two-hundred day moving average is $106.90. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 1.34 and a beta of 1.01. Abercrombie & Fitch has a one year low of $65.45 and a one year high of $172.00.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results 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. 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 analyst estimates of $1.25 billion. During the same quarter in the prior year, the company earned $2.91 earnings per share. Abercrombie & Fitch’s revenue 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, analysts predict that Abercrombie & Fitch will post 11.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Jay Rust sold 5,000 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $147.50, for a total transaction of $737,500.00. Following the sale, the executive vice president owned 15,651 shares of the company’s stock, valued at $2,308,522.50. This trade represents a 24.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory Henchel sold 30,000 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $146.65, for a total value of $4,399,500.00. Following the sale, the executive vice president owned 33,681 shares of the company’s stock, valued at approximately $4,939,318.65. This represents a 47.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 42,800 shares of company stock worth $6,295,392 in the last ninety days. 2.33% of the stock is currently owned by insiders.

Institutional Trading of Abercrombie & Fitch

Several hedge funds and other institutional investors have recently bought and sold shares of ANF. Silver Grove Financial Group Inc. lifted its position in Abercrombie & Fitch by 160.7% during the third quarter. Silver Grove Financial Group Inc. now owns 219 shares of the apparel retailer’s stock worth $29,000 after buying an additional 135 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in shares of Abercrombie & Fitch in the 3rd quarter worth about $36,000. Timbuktu Capital Management LLC acquired a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at about $29,000. CoreCap Advisors LLC increased its position in Abercrombie & Fitch by 304.2% during the 3rd quarter. CoreCap Advisors LLC now owns 384 shares of the apparel retailer’s stock worth $52,000 after purchasing an additional 289 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Abercrombie & Fitch by 53.3% in the third quarter. Bessemer Group Inc. now owns 535 shares of the apparel retailer’s stock valued at $71,000 after buying an additional 186 shares during the period.

About Abercrombie & Fitch

Abercrombie & Fitch Co. is a global specialty retailer of apparel and accessories. Its portfolio includes Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, with products for women, men and children that include clothing, footwear, accessories and personal-care items. The company sells through retail stores and digital channels, serving customers in North America and international markets. It traces its origins to 1892, when David T. Abercrombie founded an outfitting business in New York; Ezra Fitch joined the company in 1900.