Abercrombie & Fitch Company (NYSE:ANF) Given Average Rating of “Hold” by Analysts

Shares of Abercrombie & Fitch Company (NYSE:ANF) have received a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $102.5556.

Several research analysts have recently commented on the company. UBS Group decreased their target price on Abercrombie & Fitch from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday. Citigroup reduced their price objective on Abercrombie & Fitch from $105.00 to $79.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Jefferies Financial Group dropped their target price on shares of Abercrombie & Fitch from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Friday. Finally, Morgan Stanley set a $93.00 price target on shares of Abercrombie & Fitch in a report on Thursday, August 28th.

Insider Buying and Selling at Abercrombie & Fitch

In related news, Director Kenneth B. Robinson sold 1,392 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $94.60, for a total transaction of $131,683.20. Following the completion of the transaction, the director owned 5,880 shares in the company, valued at $556,248. The trade was a 19.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jay Rust sold 1,500 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $93.15, for a total value of $139,725.00. Following the completion of the sale, the executive vice president directly owned 6,648 shares in the company, valued at $619,261.20. This represents a 18.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,964 shares of company stock worth $759,233 over the last ninety days. Company insiders own 2.29% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Several hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in shares of Abercrombie & Fitch by 181.6% in the 2nd 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 period. Ameritas Advisory Services LLC bought a new position in Abercrombie & Fitch in the 2nd quarter worth about $38,000. Blue Trust Inc. acquired a new stake in shares of Abercrombie & Fitch in the third quarter valued at approximately $38,000. Hantz Financial Services Inc. raised its holdings in shares of Abercrombie & Fitch by 108.2% during the third quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock valued at $41,000 after buying an additional 250 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Abercrombie & Fitch by 268.0% during the third quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer’s stock worth $56,000 after buying an additional 485 shares during the period.

Abercrombie & Fitch Stock Performance

ANF opened at $69.75 on Tuesday. The company has a market capitalization of $3.28 billion, a P/E ratio of 6.60 and a beta of 1.44. The company has a 50-day moving average of $78.46 and a 200-day moving average of $83.60. 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 results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $2.50 earnings per share. 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, sell-side analysts expect that Abercrombie & Fitch will post 10.62 earnings per share for the current fiscal 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.