Abercrombie & Fitch (NYSE:ANF) Given "Neutral" Rating at Citigroup

Key Points

• Citigroup has reissued a "neutral" rating on Abercrombie & Fitch (NYSE:ANF), with a price target of $105.00, suggesting a potential upside of 10.56% from its previous close.
• Abercrombie & Fitch reported earnings per share (EPS) of $1.59 for its latest quarter, exceeding analysts' expectations and reflecting a year-over-year revenue increase of 7.5%.
• The stock has a consensus rating of "Moderate Buy" from analysts, with five rated as "Buy" and three as "Hold", alongside an average target price of $112.75.

Abercrombie & Fitch (NYSE:ANF - Get Free Report)'s stock had its "neutral" rating reissued by equities research analysts at Citigroup in a research report issued on Wednesday. They presently have a $105.00 price target on the apparel retailer's stock. Citigroup's price target indicates a potential upside of 10.56% from the company's previous close.

ANF has been the subject of a number of other research reports. Morgan Stanley increased their target price on shares of Abercrombie & Fitch from $78.00 to $82.00 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. JPMorgan Chase & Co. increased their target price on shares of Abercrombie & Fitch from $141.00 to $151.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Telsey Advisory Group reiterated an "outperform" rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, Jefferies Financial Group dropped their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Abercrombie & Fitch has a consensus rating of "Moderate Buy" and an average target price of $112.75.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $94.9750 on Wednesday. Abercrombie & Fitch has a 52-week low of $65.40 and a 52-week high of $172.90. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 9.35 and a beta of 1.54. The firm has a fifty day moving average of $90.06 and a 200-day moving average of $85.80.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.24. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the prior year, the company posted $2.14 EPS. The business's revenue was up 7.5% on a year-over-year basis. Abercrombie & Fitch has set its FY 2025 guidance at 9.500-10.500 EPS. Q2 2025 guidance at 2.100-2.300 EPS. On average, sell-side analysts predict that Abercrombie & Fitch will post 10.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Marex Group plc bought a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at about $2,097,000. State of Wyoming bought a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at about $549,000. Hollencrest Capital Management boosted its stake in shares of Abercrombie & Fitch by 100.0% in the 2nd quarter. Hollencrest Capital Management now owns 2,000 shares of the apparel retailer's stock valued at $166,000 after purchasing an additional 1,000 shares during the last quarter. Kestra Investment Management LLC boosted its stake in shares of Abercrombie & Fitch by 77,777.8% in the 2nd quarter. Kestra Investment Management LLC now owns 7,009 shares of the apparel retailer's stock valued at $581,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at about $228,000.

About Abercrombie & Fitch

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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