Abercrombie & Fitch (NYSE:ANF) Stock Picked Up by Analysts at Wolfe Research

Equities research analysts at Wolfe Research assumed coverage on shares of Abercrombie & Fitch (NYSE:ANF) in a report released on Wednesday, Marketbeat Ratings reports. The brokerage set an “outperform” rating on the apparel retailer’s stock.

ANF has been the subject of a number of other reports. Barclays increased their price target on Abercrombie & Fitch from $114.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Citigroup lowered shares of Abercrombie & Fitch from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $135.00 to $156.00 in a research report on Thursday, August 27th. Telsey Advisory Group raised their price target on shares of Abercrombie & Fitch from $118.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Weiss Ratings upgraded shares of Abercrombie & Fitch from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Abercrombie & Fitch from $110.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.21.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $161.44 on Wednesday. The company has a market cap of $6.85 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.40 and a beta of 1.02. The company has a 50-day simple moving average of $138.03 and a 200-day simple moving average of $106.75. Abercrombie & Fitch has a 12 month low of $65.45 and a 12 month high of $163.82.

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

Insiders Place Their Bets

In other Abercrombie & Fitch news, EVP Jay Rust sold 5,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 15,651 shares in the company, valued at $2,308,522.50. The trade was a 24.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Scott Lipesky sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $146.82, for a total transaction of $293,640.00. Following the transaction, the chief operating officer directly owned 145,534 shares in the company, valued at approximately $21,367,301.88. This represents a 1.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 72,800 shares of company stock valued at $9,595,392. Corporate insiders own 2.33% of the company’s stock.

Institutional Trading of Abercrombie & Fitch

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $145,823,000 after acquiring an additional 208,709 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Abercrombie & Fitch by 41.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,310,296 shares of the apparel retailer’s stock valued at $119,722,000 after acquiring an additional 384,845 shares in the last quarter. Bank of America Corp DE increased its holdings in Abercrombie & Fitch by 12.3% during the first quarter. Bank of America Corp DE now owns 486,134 shares of the apparel retailer’s stock worth $44,418,000 after buying an additional 53,161 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Abercrombie & Fitch by 30.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 257,474 shares of the apparel retailer’s stock valued at $24,269,000 after purchasing an additional 60,454 shares during the period. Finally, Baird Financial Group Inc. purchased a new stake in Abercrombie & Fitch in the 2nd quarter worth about $20,035,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co is a global specialty retailer that sells apparel, accessories and personal-care products through stores and digital channels. Its portfolio includes Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, with products designed for consumers across a range of life stages and lifestyles.

The company’s offerings include casual clothing, denim, dresses, tops, outerwear, intimates, activewear, swimwear, footwear, accessories and fragrances. Abercrombie & Fitch serves customers through company-operated and franchise stores, as well as branded websites and other digital platforms, in the United States and selected international markets.

Founded in 1892 as an outdoor and sporting-goods retailer, the company later developed into a fashion retailer focused on casual apparel.