Abercrombie & Fitch Company (NYSE:ANF) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Abercrombie & Fitch has received an average analyst recommendation of "Moderate Buy", with five analysts rating it a hold and five giving a buy recommendation.
• The company's stock has a one-year price target averaging $111.11, while its recent earnings report showed it achieved $2.32 earnings per share, surpassing estimates.
• Insider selling activity was notable, with Director James A. Goldman reducing his holdings by 40.14%, indicating a significant shift in insider sentiment regarding the stock.

Shares of Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten research firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $111.1111.

A number of research analysts have recently commented on ANF shares. JPMorgan Chase & Co. reissued a "neutral" rating and set a $103.00 price target on shares of Abercrombie & Fitch in a report on Monday, October 6th. Telsey Advisory Group reissued an "outperform" rating and set a $125.00 price target on shares of Abercrombie & Fitch in a report on Friday, September 12th. Weiss Ratings reissued a "hold (c+)" rating on shares of Abercrombie & Fitch in a report on Wednesday, October 8th. Morgan Stanley set a $93.00 price target on Abercrombie & Fitch in a report on Thursday, August 28th. Finally, BTIG Research started coverage on Abercrombie & Fitch in a report on Thursday, September 18th. They set a "buy" rating and a $120.00 price target on the stock.

Insider Activity

In related news, Director James A. Goldman sold 5,072 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $96.18, for a total transaction of $487,824.96. Following the transaction, the director directly owned 7,565 shares of the company's stock, valued at $727,601.70. The trade was a 40.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $93.15, for a total value of $139,725.00. Following the transaction, the executive vice president directly owned 6,648 shares in the company, valued at approximately $619,261.20. The trade was a 18.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,964 shares of company stock valued at $759,233. Company insiders own 2.29% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in Abercrombie & Fitch by 181.6% during 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 period. Blue Trust Inc. acquired a new position in shares of Abercrombie & Fitch in the 3rd quarter valued at $38,000. Ameritas Advisory Services LLC acquired a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at $38,000. EverSource Wealth Advisors LLC boosted its position in shares of Abercrombie & Fitch by 392.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer's stock valued at $59,000 after purchasing an additional 569 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Abercrombie & Fitch by 178.6% in the 2nd quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer's stock valued at $68,000 after purchasing an additional 527 shares during the period.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $68.96 on Friday. Abercrombie & Fitch has a 1-year low of $65.40 and a 1-year high of $167.71. The business's fifty day moving average price is $89.17 and its two-hundred day moving average price is $83.79. The firm has a market capitalization of $3.25 billion, a PE ratio of 6.52 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.05. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company earned $2.50 earnings per share. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. Equities research 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.

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