Abercrombie & Fitch’s (ANF) “Neutral” Rating Reaffirmed at Citigroup

Citigroup reaffirmed their neutral rating on shares of Abercrombie & Fitch (NYSE:ANF) in a report issued on Wednesday morning, MarketBeat Ratings reports. They currently have a $105.00 price target on the apparel retailer’s stock.

Several other research firms have also recently weighed in on ANF. Morgan Stanley increased their target price on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, May 29th. Raymond James Financial reduced their price objective on Abercrombie & Fitch from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, May 27th. Jefferies Financial Group decreased their price objective on Abercrombie & Fitch from $170.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price objective on Abercrombie & Fitch from $141.00 to $151.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.75.

Abercrombie & Fitch Trading Down 3.1%

Shares of Abercrombie & Fitch stock opened at $91.9790 on Wednesday. Abercrombie & Fitch has a 1 year low of $65.40 and a 1 year high of $171.47. The company’s fifty day simple moving average is $90.32 and its 200-day simple moving average is $85.84. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 9.05 and a beta of 1.54.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.24. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.14 EPS. Abercrombie & Fitch has set its FY 2025 guidance at 9.500-10.500 EPS. Q2 2025 guidance at 2.100-2.300 EPS. As a group, research analysts forecast that Abercrombie & Fitch will post 10.62 earnings per share for the current fiscal year.

Institutional Trading of Abercrombie & Fitch

Several institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in shares of Abercrombie & Fitch by 198.2% during the first quarter. AQR Capital Management LLC now owns 1,955,927 shares of the apparel retailer’s stock valued at $144,582,000 after acquiring an additional 1,300,070 shares during the period. Brandywine Global Investment Management LLC acquired a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth about $61,643,000. Norges Bank acquired a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth about $61,584,000. Assenagon Asset Management S.A. bought a new position in Abercrombie & Fitch during the 1st quarter valued at about $56,569,000. Finally, Pacer Advisors Inc. boosted its position in Abercrombie & Fitch by 3,113.1% in the first quarter. Pacer Advisors Inc. now owns 506,088 shares of the apparel retailer’s stock valued at $38,650,000 after buying an additional 490,337 shares in the last quarter.

Abercrombie & Fitch Company Profile

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.