Abercrombie & Fitch (NYSE:ANF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Abercrombie & Fitch (NYSE:ANF) from a hold rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Several other equities research analysts have also issued reports on ANF. Barclays lifted their target price on shares of Abercrombie & Fitch from $114.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. Morgan Stanley increased their price target on shares of Abercrombie & Fitch from $87.00 to $134.00 and gave the stock an “equal weight” rating in a report on Thursday, August 27th. JPMorgan Chase & Co. raised their price objective on shares of Abercrombie & Fitch from $110.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, August 18th. Zacks Research raised shares of Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating in a report on Friday, August 28th. Finally, UBS Group increased their target price on Abercrombie & Fitch from $153.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.38.

Abercrombie & Fitch Trading Down 2.9%

Shares of Abercrombie & Fitch stock opened at $141.06 on Friday. The company’s 50-day moving average price is $114.24 and its 200-day moving average price is $96.31. Abercrombie & Fitch has a 12-month low of $65.45 and a 12-month high of $155.22. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.27 and a beta of 0.97.

Abercrombie & Fitch (NYSE:ANF) last posted 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 for the quarter, compared to analysts’ expectations of $1.25 billion. Abercrombie & Fitch had a net margin of 10.03% and a return on equity of 33.52%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company 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, sell-side analysts predict that Abercrombie & Fitch will post 11.42 earnings per share for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In related news, COO Scott D. Lipesky sold 10,000 shares of Abercrombie & Fitch stock in a transaction on Monday, August 10th. The shares were sold at an average price of $115.00, for a total value of $1,150,000.00. Following the transaction, the chief operating officer owned 152,534 shares in the company, valued at $17,541,410. This trade represents a 6.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory J. Henchel sold 30,000 shares of Abercrombie & Fitch stock in a transaction on Friday, August 28th. The stock was sold at an average price of $146.65, for a total transaction of $4,399,500.00. Following the completion of the transaction, the executive vice president owned 33,681 shares in the company, valued at approximately $4,939,318.65. The trade was a 47.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 72,800 shares of company stock valued at $9,595,392 over the last ninety days. Insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ANF. Timbuktu Capital Management LLC bought a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at about $29,000. Larson Financial Group LLC grew its position in Abercrombie & Fitch by 120.3% during the 4th quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 148 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Abercrombie & Fitch by 94.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer’s stock worth $44,000 after acquiring an additional 170 shares during the last quarter. Versant Capital Management Inc increased its stake in Abercrombie & Fitch by 29.8% in the 2nd quarter. Versant Capital Management Inc now owns 610 shares of the apparel retailer’s stock worth $55,000 after purchasing an additional 140 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Abercrombie & Fitch in the 4th quarter worth approximately $56,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co is a global, omnichannel specialty retailer that sells casual apparel, accessories and personal-care products through company-operated stores and digital channels. The company serves customers through its Abercrombie, abercrombie kids, Hollister and Gilly Hicks brands, which target a range of consumers and lifestyles.

Abercrombie & Fitch offers products including jeans, tops, dresses, outerwear, intimates, sleepwear, swimwear, accessories and fragrances. Its brands operate through retail locations and e-commerce platforms, with sales across North America, Europe, Asia and other international markets.

Founded in 1892 as an outdoor-goods retailer in New York City, the company later developed into a youth-focused apparel retailer and has since broadened its brand portfolio and customer appeal.