Abercrombie & Fitch (NYSE:ANF) Shares Gap Down - What's Next?

Key Points

• Abercrombie & Fitch's stock price gapped down from $84.48 to $80.77 before trading on Monday, closing later at $78.39 after a volume of 773,688 shares were exchanged.
• Despite the drop, analysts remain optimistic with a consensus rating of "Moderate Buy" and an average target price of $111.11 based on recent ratings from multiple research firms.
• The company's recent quarterly earnings surpassed estimates, reporting $2.32 per share against a consensus of $2.27, with a revenue increase of 6.6% year-over-year.

Abercrombie & Fitch Company (NYSE:ANF - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $84.48, but opened at $80.77. Abercrombie & Fitch shares last traded at $78.39, with a volume of 773,688 shares changing hands.

Wall Street Analyst Weigh In

ANF has been the subject of several research analyst reports. BTIG Research initiated coverage on Abercrombie & Fitch in a research note on Thursday, September 18th. They set a "buy" rating and a $120.00 target price for the company. Raymond James Financial set a $105.00 price objective on shares of Abercrombie & Fitch and gave the company an "outperform" rating in a research report on Thursday, August 28th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $125.00 target price on shares of Abercrombie & Fitch in a report on Friday, September 12th. Citigroup reissued a "neutral" rating and issued a $105.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Abercrombie & Fitch in a report on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Abercrombie & Fitch presently has a consensus rating of "Moderate Buy" and an average target price of $111.11.

Abercrombie & Fitch Stock Down 7.8%

The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 7.37 and a beta of 1.45. The business's 50 day simple moving average is $93.62 and its 200-day simple moving average is $84.09.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.05. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business posted $2.50 EPS. The firm's revenue for the quarter 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. On average, analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $93.15, for a total value of $139,725.00. Following the transaction, the executive vice president owned 6,648 shares in the company, valued at $619,261.20. The trade was a 18.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James A. Goldman sold 5,072 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 7,964 shares of company stock valued at $759,233 over the last ninety days. 2.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its position 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 worth $29,000 after purchasing an additional 227 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Abercrombie & Fitch during the second quarter worth approximately $38,000. UMB Bank n.a. lifted its holdings in shares of Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after purchasing an additional 360 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Abercrombie & Fitch by 392.4% in 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, IFP Advisors Inc increased its stake in Abercrombie & Fitch by 166.7% during the 1st quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock valued at $65,000 after purchasing an additional 530 shares in the last quarter.

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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