Brokerages Set Abercrombie & Fitch Company (NYSE:ANF) Target Price at $115.78

Key Points

• Abercrombie & Fitch has received a consensus recommendation of "Moderate Buy" from nine brokerages, with an average 12-month target price of $115.78.
• The company's recent earnings report showed a 6.6% year-over-year revenue increase, with earnings per share of $2.32 that exceeded estimates.
• Insider transactions indicated a decrease in ownership, with two directors selling a total of 7,964 shares in the last quarter.

Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $115.7778.

A number of brokerages recently commented on ANF. BTIG Research began coverage on Abercrombie & Fitch in a report on Thursday. They set a "buy" rating and a $120.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday, August 28th. Barclays set a $84.00 price target on Abercrombie & Fitch and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Telsey Advisory Group reissued an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research report on Friday, September 12th. Finally, Raymond James Financial set a $105.00 target price on Abercrombie & Fitch and gave the stock an "outperform" rating in a research report on Thursday, August 28th.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Abercrombie & Fitch

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtue Capital Management LLC grew its position in Abercrombie & Fitch by 1.3% during the fourth quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer's stock worth $1,229,000 after buying an additional 102 shares in the last quarter. Franklin Resources Inc. grew its position in Abercrombie & Fitch by 0.4% during the second quarter. Franklin Resources Inc. now owns 47,779 shares of the apparel retailer's stock worth $3,958,000 after buying an additional 167 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Abercrombie & Fitch by 1.8% during the second quarter. Valeo Financial Advisors LLC now owns 9,569 shares of the apparel retailer's stock worth $793,000 after buying an additional 173 shares in the last quarter. Voya Investment Management LLC grew its position in Abercrombie & Fitch by 0.6% during the first quarter. Voya Investment Management LLC now owns 31,095 shares of the apparel retailer's stock worth $2,375,000 after buying an additional 180 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Abercrombie & Fitch by 1.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,240 shares of the apparel retailer's stock worth $1,014,000 after buying an additional 199 shares in the last quarter.

Abercrombie & Fitch Price Performance

Shares of ANF stock traded down $3.14 during trading hours on Monday, reaching $87.76. The company had a trading volume of 1,645,621 shares, compared to its average volume of 2,119,335. Abercrombie & Fitch has a 12 month low of $65.40 and a 12 month high of $167.71. The business has a fifty day simple moving average of $94.96 and a 200-day simple moving average of $83.66. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 8.30 and a beta of 1.44.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.05. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company 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. On average, equities research analysts expect that Abercrombie & Fitch will post 10.62 earnings per share 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.