Abercrombie & Fitch (NYSE:ANF) Price Target Raised to $200.00

Abercrombie & Fitch (NYSE:ANF) had its target price lifted by UBS Group from $185.00 to $200.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the apparel retailer’s stock.

Several other analysts have also recently weighed in on ANF. Raymond James Financial cut shares of Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 18th. Needham & Company LLC raised their target price on shares of Abercrombie & Fitch from $108.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Jefferies Financial Group set a $175.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, August 26th. Wolfe Research initiated coverage on shares of Abercrombie & Fitch in a research report on Wednesday, October 21st. They set an “outperform” rating and a $181.00 price target on the stock. Finally, BTIG Research reissued a “buy” rating and issued a $175.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, October 7th. One investment 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.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average price target of $159.71.

Abercrombie & Fitch Stock Down 1.0%

Shares of ANF stock opened at $148.97 on Wednesday. The firm has a market cap of $6.32 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.32 and a beta of 1.01. Abercrombie & Fitch has a 12-month low of $65.45 and a 12-month high of $172.00. The business has a 50-day moving average price of $148.46 and a two-hundred day moving average price of $107.70.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $2.18. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. Abercrombie & Fitch had a return on equity of 33.52% and a net margin of 10.03%. Abercrombie & Fitch’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.91 earnings per share. 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, research analysts expect that Abercrombie & Fitch will post 11.42 EPS for the current fiscal year.

Insider Transactions at Abercrombie & Fitch

In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $146.82, for a total transaction of $293,640.00. Following the sale, the chief operating officer directly owned 145,534 shares in the company, valued at $21,367,301.88. This represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jay Rust sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $147.50, for a total value 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. The trade was a 24.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 42,800 shares of company stock valued at $6,295,392 over the last 90 days. Insiders own 2.33% of the company’s stock.

Institutional Trading of Abercrombie & Fitch

Institutional investors and hedge funds have recently modified their holdings of the stock. Maven Securities LTD purchased a new position in Abercrombie & Fitch in the 2nd quarter valued at approximately $1,108,000. Paralel Advisors LLC purchased a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at $2,278,000. Pacer Advisors Inc. grew its holdings in shares of Abercrombie & Fitch by 31.7% during the first quarter. Pacer Advisors Inc. now owns 189,757 shares of the apparel retailer’s stock worth $17,338,000 after purchasing an additional 45,654 shares during the last quarter. Baird Financial Group Inc. acquired a new position in Abercrombie & Fitch during the second quarter worth approximately $20,035,000. Finally, Sterling Capital Management LLC raised its stake in Abercrombie & Fitch by 263.0% during the 3rd quarter. Sterling Capital Management LLC now owns 27,102 shares of the apparel retailer’s stock valued at $3,650,000 after acquiring an additional 19,635 shares during the last quarter.

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.