Abercrombie & Fitch Company (NYSE:ANF) Short Interest Update

Key Points

• Abercrombie & Fitch saw a **significant 18.9% drop** in short interest in August, with the total short interest at 4,730,000 shares as of August 31st.
• The company reported **earnings per share of $2.32** for the previous quarter, exceeding estimates and showing a **6.6% revenue increase** year-over-year.
• Several analysts have upgraded Abercrombie & Fitch, with target prices ranging from **$93.00 to $120.00**, reflecting a consensus rating of **"Moderate Buy."**

Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 4,730,000 shares, a decline of 18.9% from the August 15th total of 5,830,000 shares. Based on an average daily volume of 2,030,000 shares, the short-interest ratio is presently 2.3 days. Approximately 10.3% of the company's shares are sold short. Approximately 10.3% of the company's shares are sold short. Based on an average daily volume of 2,030,000 shares, the short-interest ratio is presently 2.3 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Raymond James Financial set a $105.00 price target on shares of Abercrombie & Fitch and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Telsey Advisory Group reiterated an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research report on Friday, September 12th. BTIG Research initiated coverage on shares of Abercrombie & Fitch in a report on Thursday. They set a "buy" rating and a $120.00 price target on the stock. Citigroup reiterated a "neutral" rating and set a $105.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. reduced their price objective on Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and an average target price of $115.78.

Abercrombie & Fitch Trading Down 3.4%

ANF traded down $3.14 during trading on Monday, hitting $87.76. The stock had a trading volume of 1,639,705 shares, compared to its average volume of 2,402,063. The firm has a market cap of $4.13 billion, a PE ratio of 8.30 and a beta of 1.44. Abercrombie & Fitch has a 12 month low of $65.40 and a 12 month high of $167.71. The company has a 50 day simple moving average of $94.96 and a 200-day simple moving average of $83.66.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released 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. The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior 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. As a group, sell-side analysts anticipate that Abercrombie & Fitch will post 10.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other news, EVP Jay Rust sold 1,500 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $93.15, for a total value of $139,725.00. Following the completion of the sale, the executive vice president owned 6,648 shares in the company, valued at $619,261.20. This represents a 18.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 approximately $727,601.70. This trade represents a 40.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,964 shares of company stock valued at $759,233 in the last three months. 2.29% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtue Capital Management LLC raised its stake in Abercrombie & Fitch by 1.3% during the 4th quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer's stock valued at $1,229,000 after purchasing an additional 102 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Abercrombie & Fitch by 0.4% during the second quarter. Franklin Resources Inc. now owns 47,779 shares of the apparel retailer's stock valued at $3,958,000 after buying an additional 167 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of Abercrombie & Fitch by 1.8% during the second quarter. Valeo Financial Advisors LLC now owns 9,569 shares of the apparel retailer's stock valued at $793,000 after buying an additional 173 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Abercrombie & Fitch by 0.6% in the first quarter. Voya Investment Management LLC now owns 31,095 shares of the apparel retailer's stock valued at $2,375,000 after buying an additional 180 shares during the period. 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 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.