Abercrombie & Fitch's (ANF) Market Perform Rating Reaffirmed at Raymond James Financial

Key Points

• Raymond James reaffirmed its “Market Perform” rating on Abercrombie & Fitch, while the broader analyst consensus remains “Moderate Buy” with an average price target of $117.55.
• Recent analyst actions were generally positive: Goldman Sachs and UBS maintained “Buy” ratings, while Barclays upgraded the stock to “Equal Weight” and raised its target to $114.
• Abercrombie reported quarterly EPS of $1.47, beating estimates of $1.26, though revenue of $1.11 billion slightly missed forecasts. Shares opened at $105.02, and insiders have sold 30,000 shares worth $3.3 million over the past 90 days.

Abercrombie & Fitch (NYSE:ANF - Get Free Report)'s stock had its "market perform" rating restated by investment analysts at Raymond James Financial in a research note issued on Tuesday,Benzinga reports.

A number of other analysts also recently commented on ANF. The Goldman Sachs Group reissued a "buy" rating and issued a $124.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, August 12th. Barclays raised Abercrombie & Fitch from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $78.00 to $114.00 in a report on Tuesday, August 11th. UBS Group restated a "buy" rating and issued a $153.00 price target (up from $136.00) on shares of Abercrombie & Fitch in a research report on Wednesday, August 12th. Weiss Ratings raised Abercrombie & Fitch from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday. Finally, Needham & Company LLC reiterated a "buy" rating and set a $108.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, May 27th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and an average target price of $117.55.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock opened at $105.02 on Tuesday. Abercrombie & Fitch has a 12-month low of $65.45 and a 12-month high of $133.11. The stock has a market capitalization of $4.67 billion, a PE ratio of 10.08 and a beta of 0.90. The firm has a 50 day simple moving average of $96.08 and a 200-day simple moving average of $90.91.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, May 27th. The apparel retailer reported $1.47 EPS for the quarter, topping the consensus estimate of $1.26 by $0.21. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.12 billion. Abercrombie & Fitch had a return on equity of 34.36% and a net margin of 9.34%.The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.59 earnings per share. Abercrombie & Fitch has set its Q2 2026 guidance at 1.800-2.000 EPS and its FY 2026 guidance at 10.200-11.000 EPS. On average, analysts forecast that Abercrombie & Fitch will post 10.46 earnings per share for the current fiscal year.

Insider Activity at Abercrombie & Fitch

In other news, COO Scott D. Lipesky sold 10,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $115.00, for a total value of $1,150,000.00. Following the transaction, the chief operating officer directly owned 152,534 shares of the company's stock, valued at $17,541,410. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 30,000 shares of company stock valued at $3,300,000 in the last ninety days. Company insiders own 2.33% of the company's stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Several hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc grew its position in Abercrombie & Fitch by 29.8% during the 2nd quarter. Versant Capital Management Inc now owns 610 shares of the apparel retailer's stock worth $55,000 after purchasing an additional 140 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Abercrombie & Fitch by 17.6% in the third quarter. Parallel Advisors LLC now owns 967 shares of the apparel retailer's stock valued at $83,000 after purchasing an additional 145 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Abercrombie & Fitch by 120.3% in the fourth quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer's stock valued at $34,000 after purchasing an additional 148 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Abercrombie & Fitch by 19.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 928 shares of the apparel retailer's stock worth $117,000 after buying an additional 151 shares during the period. Finally, Kestra Advisory Services LLC boosted its position in shares of Abercrombie & Fitch by 3.9% in the fourth quarter. Kestra Advisory Services LLC now owns 4,055 shares of the apparel retailer's stock worth $510,000 after buying an additional 151 shares during the period.

About Abercrombie & Fitch

Abercrombie & Fitch Co NYSE: ANF is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.

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