Abercrombie & Fitch Company (NYSE:ANF) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Abercrombie & Fitch shares have received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of $112.75.
• Recent earnings results showed the company beat analyst expectations with $2.32 EPS and a revenue increase of 6.6% year-over-year, totaling $1.21 billion.
• Significant investment activity was noted, with firms like Cambridge Investment Research Advisors increasing their stake by 197.2% in the first quarter.

Shares of Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) have earned an average rating of "Moderate Buy" from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $112.75.

Several equities research analysts recently commented on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday. Barclays set a $84.00 price objective on shares of Abercrombie & Fitch and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Jefferies Financial Group dropped their price objective on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Finally, Citigroup reiterated a "neutral" rating and set a $105.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th.

Hedge Funds Weigh In On Abercrombie & Fitch

Large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. lifted its position in Abercrombie & Fitch by 197.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,647 shares of the apparel retailer's stock worth $1,119,000 after buying an additional 9,719 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Abercrombie & Fitch by 11.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,013 shares of the apparel retailer's stock worth $536,000 after buying an additional 698 shares during the period. GAMMA Investing LLC lifted its position in Abercrombie & Fitch by 81.5% during the first quarter. GAMMA Investing LLC now owns 1,917 shares of the apparel retailer's stock worth $146,000 after buying an additional 861 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Abercrombie & Fitch during the first quarter valued at about $144,000. Finally, LPL Financial LLC grew its position in Abercrombie & Fitch by 99.3% during the first quarter. LPL Financial LLC now owns 31,114 shares of the apparel retailer's stock valued at $2,376,000 after acquiring an additional 15,500 shares during the period.

Abercrombie & Fitch Stock Down 1.1%

Shares of ANF opened at $95.66 on Thursday. The company has a 50-day simple moving average of $92.38 and a 200-day simple moving average of $85.21. The company has a market capitalization of $4.56 billion, a PE ratio of 9.42 and a beta of 1.54. Abercrombie & Fitch has a 52-week low of $65.40 and a 52-week high of $167.71.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.05. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $2.50 EPS. The business's revenue was up 6.6% compared to the same quarter last year. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. On average, research analysts anticipate that Abercrombie & Fitch will post 10.62 EPS 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.

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