Abercrombie & Fitch (NYSE:ANF) Now Covered by Analysts at BTIG Research

Key Points

• BTIG Research initiated coverage on Abercrombie & Fitch, providing a "buy" rating and a target price of $120.00, indicating a potential upside of 40.38% from its previous close.
• Abercrombie & Fitch recently posted quarterly earnings of $2.32 per share, exceeding analyst estimates and showcasing a revenue increase of 6.6% year-over-year.
• Analysts currently maintain a consensus rating of "Moderate Buy" for Abercrombie & Fitch, with target prices varying from $84.00 to $170.00 among different analysts.

Stock analysts at BTIG Research assumed coverage on shares of Abercrombie & Fitch (NYSE:ANF - Get Free Report) in a research report issued to clients and investors on Thursday,Benzinga reports. The firm set a "buy" rating and a $120.00 price target on the apparel retailer's stock. BTIG Research's target price indicates a potential upside of 40.38% from the stock's previous close.

Other equities analysts have also issued reports about 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 Friday, September 12th. Citigroup restated a "neutral" rating and set a $105.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. Jefferies Financial Group decreased their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. JPMorgan Chase & Co. decreased their target price on shares of Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. Finally, Barclays set a $84.00 target price on shares of Abercrombie & Fitch and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.78.

Abercrombie & Fitch Price Performance

NYSE:ANF opened at $85.48 on Thursday. The firm's fifty day moving average price is $94.90 and its 200 day moving average price is $83.77. Abercrombie & Fitch has a 1-year low of $65.40 and a 1-year high of $167.71. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 8.09 and a beta of 1.44.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data 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. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. 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 firm posted $2.50 EPS. Abercrombie & Fitch's quarterly revenue 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. As a group, analysts expect that Abercrombie & Fitch will post 10.62 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kenneth B. Robinson sold 1,392 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $94.60, for a total transaction of $131,683.20. Following the completion of the transaction, the director owned 5,880 shares of the company's stock, valued at $556,248. This represents a 19.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James A. Goldman sold 5,072 shares of the company's stock in a transaction dated Friday, August 29th. The shares were 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 approximately $727,601.70. This represents a 40.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,964 shares of company stock valued at $759,233 in the last 90 days. 2.29% of the stock is currently owned by insiders.

Institutional Trading of Abercrombie & Fitch

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in Abercrombie & Fitch by 198.2% in the 1st quarter. AQR Capital Management LLC now owns 1,955,927 shares of the apparel retailer's stock worth $144,582,000 after acquiring an additional 1,300,070 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Abercrombie & Fitch by 10,469.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer's stock worth $82,278,000 after acquiring an additional 983,705 shares during the period. Brandywine Global Investment Management LLC purchased a new position in Abercrombie & Fitch in the 2nd quarter worth approximately $61,643,000. Norges Bank purchased a new position in Abercrombie & Fitch in the 2nd quarter worth approximately $61,584,000. Finally, Assenagon Asset Management S.A. purchased a new position in Abercrombie & Fitch in the 1st quarter worth approximately $56,569,000.

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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