Abercrombie & Fitch's (ANF) Outperform Rating Reaffirmed at Telsey Advisory Group

Key Points

• Telsey Advisory Group has reaffirmed its "outperform" rating on Abercrombie & Fitch (ANF) with a price target of $125.00, suggesting a potential upside of 36.04% from the current stock price.
• Abercrombie & Fitch reported solid earnings of $1.59 per share for the last quarter, exceeding analysts’ expectations, with revenue also increasing by 7.5% year-over-year.
• The stock has received a consensus rating of "Moderate Buy" from analysts, with five buy ratings and three hold ratings currently assigned.

Abercrombie & Fitch (NYSE:ANF - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They presently have a $125.00 target price on the apparel retailer's stock. Telsey Advisory Group's price objective would suggest a potential upside of 36.04% from the company's current price.

Other analysts also recently issued reports about the company. Barclays set a $84.00 price objective on Abercrombie & Fitch and gave the stock an "equal weight" rating in a report on Thursday, May 29th. UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Morgan Stanley upped their price target on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Jefferies Financial Group decreased their price target on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Abercrombie & Fitch from $141.00 to $151.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $112.75.

Abercrombie & Fitch Trading Down 3.2%

Shares of ANF opened at $91.8870 on Wednesday. The stock's 50 day moving average is $90.06 and its two-hundred day moving average is $85.80. The firm has a market capitalization of $4.38 billion, a PE ratio of 9.06 and a beta of 1.54. Abercrombie & Fitch has a twelve month low of $65.40 and a twelve month high of $171.47.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.24. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%.Abercrombie & Fitch's revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.14 EPS. Abercrombie & Fitch has set its FY 2025 guidance at 9.500-10.500 EPS. Q2 2025 guidance at 2.100-2.300 EPS. On average, sell-side analysts predict that Abercrombie & Fitch will post 10.62 EPS for the current year.

Hedge Funds Weigh In On Abercrombie & Fitch

Several large investors have recently modified their holdings of ANF. NewEdge Advisors LLC lifted its position in shares of Abercrombie & Fitch by 181.6% during the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 227 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Abercrombie & Fitch during the second quarter worth about $38,000. UMB Bank n.a. raised its stake in Abercrombie & Fitch by 161.4% during the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after acquiring an additional 360 shares during the period. Versant Capital Management Inc raised its stake in Abercrombie & Fitch by 55.6% during the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after acquiring an additional 260 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Abercrombie & Fitch by 392.4% during the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer's stock worth $59,000 after acquiring an additional 569 shares during the period.

Abercrombie & Fitch Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.