BTIG Research Reaffirms Buy Rating for Abercrombie & Fitch (NYSE:ANF)

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “buy” rating reissued by investment analysts at BTIG Research in a note issued to investors on Wednesday, Benzinga reports. They presently have a $175.00 price target on the apparel retailer’s stock. BTIG Research’s target price points to a potential upside of 23.48% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. UBS Group increased their price objective on Abercrombie & Fitch from $153.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Argus upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $162.00 price target on the stock in a research note on Monday, August 31st. Weiss Ratings downgraded shares of Abercrombie & Fitch from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Wall Street Zen upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Saturday, September 12th. Finally, Needham & Company LLC raised their target price on Abercrombie & Fitch from $108.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.38.

Abercrombie & Fitch Stock Up 1.6%

Shares of NYSE:ANF opened at $141.72 on Wednesday. The firm has a fifty day moving average of $129.40 and a two-hundred day moving average of $102.26. The firm has a market capitalization of $6.01 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 1.22 and a beta of 1.02. Abercrombie & Fitch has a 12-month low of $65.45 and a 12-month high of $155.22.

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

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 800 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $149.69, for a total value of $119,752.00. Following the transaction, the director directly owned 7,169 shares of the company’s stock, valued at $1,073,127.61. The trade was a 10.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jay Rust sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $147.50, for a total value of $737,500.00. Following the transaction, the executive vice president owned 15,651 shares of the company’s stock, valued at approximately $2,308,522.50. This trade represents a 24.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 72,800 shares of company stock valued at $9,595,392. 2.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in Abercrombie & Fitch by 30.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,245 shares of the apparel retailer’s stock worth $302,000 after purchasing an additional 520 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Abercrombie & Fitch by 26.8% during the third quarter. Farther Finance Advisors LLC now owns 4,396 shares of the apparel retailer’s stock valued at $592,000 after buying an additional 929 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Abercrombie & Fitch by 304.2% during the third quarter. CoreCap Advisors LLC now owns 384 shares of the apparel retailer’s stock valued at $52,000 after buying an additional 289 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Abercrombie & Fitch by 9.5% in the third quarter. Valeo Financial Advisors LLC now owns 8,412 shares of the apparel retailer’s stock valued at $1,125,000 after buying an additional 727 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in shares of Abercrombie & Fitch by 11.2% in the second quarter. QRG Capital Management Inc. now owns 3,715 shares of the apparel retailer’s stock valued at $334,000 after buying an additional 373 shares during the period.

About Abercrombie & Fitch

Abercrombie & Fitch Co is a global specialty retailer of apparel, accessories and personal-care products. The company operates a portfolio of lifestyle brands, including Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, serving customers across a range of age groups and fashion preferences.

Its product offerings include casual clothing, denim, dresses, intimates, sleepwear, activewear, swimwear, footwear, accessories and fragrances. The company sells its merchandise through branded retail stores, e-commerce websites and other digital channels, with operations serving customers in North America, Europe, Asia and other international markets.

Founded in 1892 as a sporting-goods store in New York City, Abercrombie & Fitch evolved into a lifestyle apparel retailer and has expanded its brand portfolio over time.