BTIG Research Reaffirms Buy Rating for Abercrombie & Fitch (NYSE:ANF)

Abercrombie & Fitch (NYSE:ANF - Get Free Report)'s stock had its "buy" rating restated by stock analysts at BTIG Research in a research note issued on Wednesday, Benzinga reports. They presently have a $175.00 target price on the apparel retailer's stock. BTIG Research's target price would suggest a potential upside of 23.69% from the stock's previous close.

A number of other equities analysts have also weighed in on ANF. Barclays increased their price target on Abercrombie & Fitch from $114.00 to $155.00 and gave the company an "equal weight" rating in a research report on Thursday, August 27th. Zacks Research raised Abercrombie & Fitch from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 28th. Telsey Advisory Group raised their price target on Abercrombie & Fitch from $118.00 to $165.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Citigroup lowered Abercrombie & Fitch from a "buy" rating to a "neutral" rating and increased their price objective for the company from $135.00 to $156.00 in a report on Thursday, August 27th. Finally, The Goldman Sachs Group set a $160.00 price objective on Abercrombie & Fitch in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $155.38.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $141.48 on Wednesday. Abercrombie & Fitch has a 1 year low of $65.45 and a 1 year high of $155.22. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.24 and a beta of 1.02. The business has a fifty day moving average of $127.83 and a 200-day moving average of $101.52.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share for the quarter, beating the consensus estimate of $1.99 by $2.18. Abercrombie & Fitch had a return on equity of 33.52% and a net margin of 10.03%.The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter last year, the business posted $2.91 earnings per share. The company's quarterly revenue was up 4.8% on a year-over-year basis. Abercrombie & Fitch has set its Q3 2026 guidance at 2.900-3.200 EPS and its FY 2026 guidance at 13.100-13.600 EPS. On average, equities research analysts predict that Abercrombie & Fitch will post 11.42 EPS for the current year.

Insiders Place Their Bets

In other Abercrombie & Fitch news, EVP Jay Rust sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $147.50, for a total value of $737,500.00. Following the sale, the executive vice president owned 15,651 shares of the company's stock, valued at $2,308,522.50. This trade represents a 24.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kenneth Robinson sold 800 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $149.69, for a total value of $119,752.00. Following the completion of the sale, the director directly owned 7,169 shares in the company, valued at $1,073,127.61. This trade represents a 10.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 72,800 shares of company stock worth $9,595,392. Corporate insiders own 2.33% of the company's stock.

Institutional Trading of Abercrombie & Fitch

Several institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. grew its holdings in shares of Abercrombie & Fitch by 11.2% during the 2nd quarter. QRG Capital Management Inc. now owns 3,715 shares of the apparel retailer's stock worth $334,000 after purchasing an additional 373 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Abercrombie & Fitch by 6.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,398 shares of the apparel retailer's stock worth $486,000 after purchasing an additional 329 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $703,000. Integrated Wealth Concepts LLC bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $86,000. Finally, Maven Securities LTD bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $1,108,000.

About Abercrombie & Fitch

Abercrombie & Fitch Co is a global specialty retailer of apparel, accessories and personal-care products. The company operates a portfolio of lifestyle brands, including Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, serving customers across a range of age groups and fashion preferences.

Its product offerings include casual clothing, denim, dresses, intimates, sleepwear, activewear, swimwear, footwear, accessories and fragrances. The company sells its merchandise through branded retail stores, e-commerce websites and other digital channels, with operations serving customers in North America, Europe, Asia and other international markets.

Founded in 1892 as a sporting-goods store in New York City, Abercrombie & Fitch evolved into a lifestyle apparel retailer and has expanded its brand portfolio over time.