Abercrombie & Fitch (NYSE:ANF) Trading Down 5.4% - What's Next?

Key Points

• Abercrombie & Fitch shares dropped 5.4% to $89.12 amid reduced trading volume, significantly below the average daily amount.
• Analysts have a moderate buy consensus rating for the company, with price targets ranging from $105.00 to $145.00 per share.
• The company reported quarterly earnings of $2.32 per share, exceeding estimates and reflecting a 6.6% year-over-year revenue increase to $1.21 billion.

Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) shares fell 5.4% during mid-day trading on Friday . The stock traded as low as $89.57 and last traded at $89.12. 254,390 shares were traded during mid-day trading, a decline of 89% from the average session volume of 2,399,175 shares. The stock had previously closed at $94.24.

Analysts Set New Price Targets

Several research firms have recently issued reports on ANF. Jefferies Financial Group lowered their price target on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. JPMorgan Chase & Co. lowered their price target 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. Barclays set a $84.00 price target on Abercrombie & Fitch and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research report on Friday. Finally, Morgan Stanley set a $93.00 price target on Abercrombie & Fitch in a research report on Thursday, August 28th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch has a consensus rating of "Moderate Buy" and an average price target of $115.25.

Abercrombie & Fitch Stock Performance

The stock has a 50-day simple moving average of $94.96 and a two-hundred day simple moving average of $83.85. The firm has a market cap of $4.13 billion, a PE ratio of 8.29 and a beta of 1.44.

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 analysts' consensus estimates of $2.27 by $0.05. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the firm earned $2.50 EPS. Abercrombie & Fitch's 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, sell-side analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director James A. Goldman sold 5,072 shares of the business's 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 completion of the sale, the director directly owned 7,565 shares in the company, valued at $727,601.70. The trade was a 40.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kenneth B. Robinson sold 1,392 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $94.60, for a total value of $131,683.20. Following the sale, the director owned 5,880 shares of the company's stock, valued at approximately $556,248. This represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,964 shares of company stock valued at $759,233. 2.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in shares of Abercrombie & Fitch by 181.6% during the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 227 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at about $38,000. UMB Bank n.a. grew its stake in shares of Abercrombie & Fitch by 161.4% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock valued at $45,000 after purchasing an additional 360 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Abercrombie & Fitch by 392.4% during 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, Versant Capital Management Inc grew its stake in shares of Abercrombie & Fitch by 55.6% during the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after purchasing an additional 260 shares during the period.

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.