Abercrombie & Fitch (NYSE:ANF) Stock Gets Price Target Increase from UBS Group

Key Points

• UBS raised Abercrombie & Fitch’s price target to $200 from $185 and maintained a Buy rating, implying 31.56% upside from the prior close.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $159.71.
• The company beat quarterly earnings expectations, reporting $4.17 per share versus the $1.99 consensus, while revenue reached $1.27 billion, up 4.8% year over year.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) had its target price lifted by equities researchers at UBS Group from $185.00 to $200.00 in a report released on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the apparel retailer's stock. UBS Group's price target points to a potential upside of 31.56% from the company's previous close.

A number of other research firms have also weighed in on ANF. BTIG Research restated a "buy" rating and issued a $175.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, October 7th. Wall Street Zen raised Abercrombie & Fitch from a "hold" rating to a "buy" rating in a research report on Saturday, September 12th. Morgan Stanley upped their price target on Abercrombie & Fitch from $87.00 to $134.00 and gave the stock an "equal weight" rating in a report on Thursday, August 27th. Argus raised Abercrombie & Fitch from a "hold" rating to a "buy" rating and set a $162.00 price target for the company in a research report on Monday, August 31st. Finally, Telsey Advisory Group lifted their price objective on shares of Abercrombie & Fitch from $118.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of "Moderate Buy" and an average price target of $159.71.

Abercrombie & Fitch Trading Down 1.3%

NYSE:ANF traded down $1.98 during mid-day trading on Wednesday, hitting $152.02. 859,461 shares of the company's stock were exchanged, compared to its average volume of 1,434,495. The company has a 50 day simple moving average of $147.85 and a 200-day simple moving average of $106.90. Abercrombie & Fitch has a fifty-two week low of $65.45 and a fifty-two week high of $172.00. The firm has a market capitalization of $6.45 billion, a P/E ratio of 13.02, a PEG ratio of 1.34 and a beta of 1.01.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.99 by $2.18. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. Abercrombie & Fitch had a return on equity of 33.52% and a net margin of 10.03%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $2.91 earnings per share. 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. As a group, analysts expect that Abercrombie & Fitch will post 11.42 earnings per share for the current year.

Insider Activity

In other Abercrombie & Fitch news, COO Scott Lipesky sold 2,000 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $146.82, for a total value of $293,640.00. Following the sale, the chief operating officer directly owned 145,534 shares in the company, valued at $21,367,301.88. This represents a 1.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jay Rust sold 5,000 shares of the firm's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $147.50, for a total transaction of $737,500.00. Following the completion of the transaction, the executive vice president directly owned 15,651 shares of the company's stock, valued at approximately $2,308,522.50. The trade was a 24.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 42,800 shares of company stock valued at $6,295,392. 2.33% of the stock is owned by company insiders.

Institutional Trading of Abercrombie & Fitch

A number of large investors have recently modified their holdings of the business. Timbuktu Capital Management LLC bought a new position in shares of Abercrombie & Fitch in the second quarter worth approximately $29,000. Silver Grove Financial Group Inc. increased its holdings in shares of Abercrombie & Fitch by 160.7% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 219 shares of the apparel retailer's stock worth $29,000 after buying an additional 135 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Abercrombie & Fitch in the 3rd quarter worth $36,000. CoreCap Advisors LLC increased its holdings in shares of Abercrombie & Fitch by 304.2% in the 3rd quarter. CoreCap Advisors LLC now owns 384 shares of the apparel retailer's stock worth $52,000 after buying an additional 289 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Abercrombie & Fitch by 29.8% during the 2nd quarter. Versant Capital Management Inc now owns 610 shares of the apparel retailer's stock valued at $55,000 after buying an additional 140 shares in the last quarter.

About Abercrombie & Fitch

Abercrombie & Fitch Co. is a global specialty retailer of apparel and accessories. Its portfolio includes Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, with products for women, men and children that include clothing, footwear, accessories and personal-care items. The company sells through retail stores and digital channels, serving customers in North America and international markets. It traces its origins to 1892, when David T. Abercrombie founded an outfitting business in New York; Ezra Fitch joined the company in 1900.

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