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Abercrombie & Fitch's (ANF) Hold (C+) Rating Reaffirmed at Weiss Ratings

Abercrombie & Fitch logo with Retail/Wholesale background

Key Points

  • Abercrombie & Fitch's stock retains a "hold (C+)" rating by Weiss Ratings, while other analysts have mixed opinions, with five recommending a Buy and five a Hold.
  • The company reported a net margin of 10.61% and a return on equity of 40.02%, with earnings per share exceeding expectations at $2.32 for its latest quarterly results.
  • Abercrombie & Fitch's stock traded up to $75.67, below its average price target of $111.11, indicating potential for recovery amid changing market conditions.
  • Five stocks to consider instead of Abercrombie & Fitch.

Abercrombie & Fitch (NYSE:ANF - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently commented on the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Friday, September 12th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $103.00 price objective on shares of Abercrombie & Fitch in a research report on Monday. Raymond James Financial set a $105.00 price objective on Abercrombie & Fitch and gave the company an "outperform" rating in a research report on Thursday, August 28th. Morgan Stanley set a $93.00 price objective on Abercrombie & Fitch in a research report on Thursday, August 28th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $105.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. Five 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.com, Abercrombie & Fitch has a consensus rating of "Moderate Buy" and an average target price of $111.11.

Get Our Latest Research Report on ANF

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock traded up $0.22 during mid-day trading on Wednesday, hitting $75.67. 767,833 shares of the company were exchanged, compared to its average volume of 2,365,495. The business's 50 day simple moving average is $92.76 and its two-hundred day simple moving average is $84.02. The company has a market capitalization of $3.56 billion, a P/E ratio of 7.16 and a beta of 1.45. Abercrombie & Fitch has a 12-month low of $65.40 and a 12-month high of $167.71.

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 for the quarter, topping the consensus estimate of $2.27 by $0.05. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.Abercrombie & Fitch's revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $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. Equities research analysts predict that Abercrombie & Fitch will post 10.62 earnings per share for the current 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 transaction, the director owned 7,565 shares in the company, valued at $727,601.70. The trade was a 40.14% decrease in their ownership of the stock. The sale 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 stock was sold at an average price of $94.60, for a total value of $131,683.20. Following the completion of the transaction, the director owned 5,880 shares in the company, valued at approximately $556,248. This trade represents a 19.14% 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 worth $759,233 over the last quarter. 2.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. boosted its position in 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 purchasing an additional 167 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in 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 purchasing an additional 173 shares during the last quarter. Voya Investment Management LLC lifted its position 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 worth $2,375,000 after buying an additional 180 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Abercrombie & Fitch by 1.7% in 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 during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer's stock worth $29,000 after buying an additional 227 shares during the last quarter.

Abercrombie & Fitch Company Profile

(Get Free Report)

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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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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