Abercrombie & Fitch (NYSE:ANF) Hits New 12-Month High – Here’s Why

Shares of Abercrombie & Fitch Company (NYSE:ANF) reached a new 52-week high during trading on Monday. The stock traded as high as $167.99 and last traded at $166.8440, with a volume of 64,853 shares trading hands. The stock had previously closed at $164.44.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. UBS Group boosted their target price on Abercrombie & Fitch from $153.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Wolfe Research assumed coverage on Abercrombie & Fitch in a research report on Wednesday, October 21st. They issued an “outperform” rating and a $181.00 price target for the company. Zacks Research raised shares of Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 28th. Argus upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $162.00 price objective on the stock in a research report on Monday, August 31st. Finally, Raymond James Financial downgraded shares of Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.21.

Abercrombie & Fitch Stock Performance

The stock has a fifty day moving average price of $144.03 and a 200-day moving average price of $104.93. The firm has a market capitalization of $7.15 billion, a PE ratio of 14.44, a P/E/G ratio of 1.44 and a beta of 1.00.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $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. Research analysts expect that Abercrombie & Fitch Company will post 11.42 earnings per share for the current fiscal year.

Insider Transactions at Abercrombie & Fitch

In other news, EVP Jay Rust sold 5,000 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $147.50, for a total transaction of $737,500.00. Following the transaction, the executive vice president owned 15,651 shares in the company, valued at $2,308,522.50. This trade represents a 24.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kenneth B. Robinson sold 800 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $149.69, for a total transaction of $119,752.00. Following the completion of the transaction, the director directly owned 7,169 shares in the company, valued at approximately $1,073,127.61. This represents a 10.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 62,800 shares of company stock worth $8,545,392 in the last ninety days. Corporate insiders own 2.33% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Several large investors have recently made changes to their positions in ANF. Chicago Partners Investment Group LLC grew its stake in shares of Abercrombie & Fitch by 35.4% in the third quarter. Chicago Partners Investment Group LLC now owns 3,044 shares of the apparel retailer’s stock valued at $474,000 after buying an additional 796 shares in the last quarter. Profund Advisors LLC acquired a new position in Abercrombie & Fitch in the 3rd quarter valued at about $237,000. Vise Technologies Inc. acquired a new position in Abercrombie & Fitch in the 3rd quarter valued at about $1,067,000. State of Wyoming acquired a new position in Abercrombie & Fitch in the 3rd quarter valued at about $256,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Abercrombie & Fitch by 33.0% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 12,100 shares of the apparel retailer’s stock valued at $1,630,000 after purchasing an additional 3,000 shares during the period.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co is a global specialty retailer that sells apparel, accessories and personal-care products through stores and digital channels. Its portfolio includes Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, with products designed for consumers across a range of life stages and lifestyles.

The company’s offerings include casual clothing, denim, dresses, tops, outerwear, intimates, activewear, swimwear, footwear, accessories and fragrances. Abercrombie & Fitch serves customers through company-operated and franchise stores, as well as branded websites and other digital platforms, in the United States and selected international markets.

Founded in 1892 as an outdoor and sporting-goods retailer, the company later developed into a fashion retailer focused on casual apparel.