Abercrombie & Fitch (NYSE:ANF) Trading Up 4.7% Following Analyst Upgrade

Abercrombie & Fitch Company (NYSE:ANF)’s share price traded up 4.7% on Monday after Barclays raised their price target on the stock from $84.00 to $94.00. Barclays currently has an equal weight rating on the stock. Abercrombie & Fitch traded as high as $102.41 and last traded at $102.5040. 1,035,700 shares were traded during mid-day trading, a decline of 56% from the average session volume of 2,329,855 shares. The stock had previously closed at $97.87.

Several other equities analysts have also recently weighed in on the company. Raymond James Financial set a $105.00 price objective on Abercrombie & Fitch and gave the company an “outperform” rating in a report on Thursday, August 28th. Telsey Advisory Group restated an “outperform” rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research report on Tuesday, November 25th. Citigroup upped their price objective on shares of Abercrombie & Fitch from $79.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Abercrombie & Fitch from $92.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Finally, Morgan Stanley raised their target price on shares of Abercrombie & Fitch from $78.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Hold” and an average price target of $107.33.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,392 shares of Abercrombie & Fitch stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $94.60, for a total value of $131,683.20. Following the transaction, the director owned 5,880 shares in the company, valued at $556,248. The trade was a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.29% of the stock is owned by company insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of hedge funds have recently made changes to their positions in ANF. Cantor Fitzgerald L. P. increased its holdings in Abercrombie & Fitch by 10.6% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 25,191 shares of the apparel retailer’s stock worth $2,155,000 after purchasing an additional 2,418 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Abercrombie & Fitch during the third quarter valued at about $430,000. Centaurus Financial Inc. bought a new stake in shares of Abercrombie & Fitch during the third quarter worth about $111,000. Coldstream Capital Management Inc. acquired a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $213,000. Finally, Danske Bank A S acquired a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $644,000.

Abercrombie & Fitch Stock Performance

The business’s fifty day moving average is $76.10 and its 200-day moving average is $84.10. The firm has a market cap of $4.82 billion, a P/E ratio of 9.69 and a beta of 1.44.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Tuesday, November 25th. The apparel retailer reported $2.36 earnings per share (EPS) 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 analysts’ expectations of $1.28 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.50 EPS. Abercrombie & Fitch has set its Q4 2025 guidance at 3.400-3.70 EPS. FY 2025 guidance at 10.200-10.500 EPS. Analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

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.