Abercrombie & Fitch Company (NYSE:ANF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Abercrombie & Fitch Company (NYSE:ANF) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $111.1111.

A number of equities analysts have weighed in on ANF shares. Morgan Stanley set a $93.00 price objective on shares of Abercrombie & Fitch in a research report on Thursday, August 28th. Raymond James Financial set a $105.00 price objective on shares of Abercrombie & Fitch and gave the company an “outperform” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $103.00 price target on shares of Abercrombie & Fitch in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Abercrombie & Fitch in a research report on Wednesday, October 8th. Finally, Citigroup reaffirmed a “neutral” rating and set a $105.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th.

Insider Transactions at Abercrombie & Fitch

In other news, Director James A. Goldman sold 5,072 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $96.18, for a total transaction of $487,824.96. Following the transaction, the director owned 7,565 shares of the company’s stock, valued at approximately $727,601.70. This trade represents a 40.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jay Rust sold 1,500 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $93.15, for a total transaction of $139,725.00. Following the transaction, the executive vice president directly owned 6,648 shares in the company, valued at $619,261.20. The trade was a 18.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,964 shares of company stock valued at $759,233. Insiders own 2.29% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its holdings in Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 227 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Abercrombie & Fitch in the second quarter worth about $38,000. Blue Trust Inc. bought a new position in Abercrombie & Fitch in the third quarter worth about $38,000. EverSource Wealth Advisors LLC lifted its holdings in Abercrombie & Fitch by 392.4% in the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer’s stock worth $59,000 after acquiring an additional 569 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in Abercrombie & Fitch by 166.7% in the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer’s stock worth $65,000 after acquiring an additional 530 shares during the last quarter.

Abercrombie & Fitch Price Performance

NYSE:ANF opened at $69.07 on Friday. The firm has a 50-day moving average of $87.16 and a two-hundred day moving average of $83.67. The stock has a market cap of $3.25 billion, a P/E ratio of 6.53 and a beta of 1.45. Abercrombie & Fitch has a 1-year low of $65.40 and a 1-year high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The firm’s revenue for the quarter was up 6.6% 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 FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. As a group, equities analysts expect that Abercrombie & Fitch will post 10.62 earnings per share for the current year.

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.