Abercrombie & Fitch’s (ANF) Buy Rating Reiterated at BTIG Research

BTIG Research reissued their buy rating on shares of Abercrombie & Fitch (NYSE:ANF) in a research report report published on Wednesday morning,Benzinga reports. They currently have a $175.00 price target on the apparel retailer’s stock.

A number of other research analysts have also commented on the company. The Goldman Sachs Group set a $160.00 price objective on Abercrombie & Fitch in a report on Thursday, August 27th. Needham & Company LLC boosted their price objective on Abercrombie & Fitch from $108.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Weiss Ratings lowered shares of Abercrombie & Fitch from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. Telsey Advisory Group lifted their price objective on Abercrombie & Fitch from $118.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Finally, Argus raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $162.00 price target for the company in a report on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.38.

Abercrombie & Fitch Trading Up 0.9%

NYSE ANF opened at $142.71 on Wednesday. Abercrombie & Fitch has a 1-year low of $65.45 and a 1-year high of $155.22. The firm’s fifty day simple moving average is $130.26 and its 200-day simple moving average is $102.54. The company has a market capitalization of $6.06 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.02.

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. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. Abercrombie & Fitch had a return on equity of 33.52% and a net margin of 10.03%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. 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. As a group, analysts predict that Abercrombie & Fitch will post 11.42 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Gregory J. Henchel sold 30,000 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $146.65, for a total transaction of $4,399,500.00. Following the transaction, the executive vice president owned 33,681 shares in the company, valued at $4,939,318.65. This represents a 47.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Scott D. Lipesky sold 2,000 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $146.82, for a total transaction of $293,640.00. Following the sale, the chief operating officer directly owned 145,534 shares in the company, valued at approximately $21,367,301.88. This represents a 1.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 72,800 shares of company stock valued at $9,595,392. 2.33% of the stock is owned by corporate insiders.

Institutional Trading of Abercrombie & Fitch

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised 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 worth $592,000 after acquiring 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 worth $52,000 after acquiring an additional 289 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Abercrombie & Fitch by 9.5% during the third quarter. Valeo Financial Advisors LLC now owns 8,412 shares of the apparel retailer’s stock valued at $1,125,000 after acquiring an additional 727 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in shares of Abercrombie & Fitch by 11.2% during the second quarter. QRG Capital Management Inc. now owns 3,715 shares of the apparel retailer’s stock valued at $334,000 after acquiring 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.