Abercrombie & Fitch (NYSE:ANF) Stock Rating Raised to "Strong-Buy" at Wolfe Research

Key Points

• Wolfe Research upgraded Abercrombie & Fitch to “strong buy.” The broader analyst consensus is “moderate buy,” with an average price target of $157.21.
• Abercrombie’s latest quarterly results significantly exceeded expectations, with EPS of $4.17 versus the $1.99 consensus and revenue of $1.27 billion. Revenue increased 4.8% year over year.
• The stock opened at $161.44, near its 12-month high of $163.82, while insiders sold 72,800 shares worth approximately $9.6 million over the past quarter.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) was upgraded by equities research analysts at Wolfe Research to a "strong-buy" rating in a research report issued on Wednesday, Marketbeat.com reports.

Other research analysts have also issued reports about the stock. Barclays upped their price objective on shares of Abercrombie & Fitch from $114.00 to $155.00 and gave the stock an "equal weight" rating in a report on Thursday, August 27th. The Goldman Sachs Group set a $160.00 price target on shares of Abercrombie & Fitch in a research report on Thursday, August 27th. Needham & Company LLC boosted their price target on shares of Abercrombie & Fitch from $108.00 to $165.00 and gave the company a "buy" rating in a research report on Wednesday, August 26th. Raymond James Financial reissued a "market perform" rating on shares of Abercrombie & Fitch in a research note on Tuesday, August 18th. Finally, BMO Capital Markets assumed coverage on shares of Abercrombie & Fitch in a report on Tuesday, September 8th. They issued an "outperform" rating and a $170.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $157.21.

Abercrombie & Fitch Stock Up 1.1%

NYSE ANF opened at $161.44 on Wednesday. The company has a 50-day simple moving average of $138.03 and a two-hundred day simple moving average of $106.75. Abercrombie & Fitch has a 12-month low of $65.45 and a 12-month high of $163.82. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.40 and a beta of 1.02.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 EPS for the quarter, topping the consensus estimate of $1.99 by $2.18. The firm had revenue of $1.27 billion for 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 company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities analysts expect that Abercrombie & Fitch will post 11.42 earnings per share for the current fiscal year.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 800 shares of the business's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $149.69, for a total transaction 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. The trade was a 10.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Scott D. Lipesky sold 10,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $115.00, for a total transaction of $1,150,000.00. Following the completion of the transaction, the chief operating officer owned 152,534 shares in the company, valued at $17,541,410. This trade represents a 6.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 72,800 shares of company stock worth $9,595,392 over the last quarter. 2.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Hedge funds and other institutional investors have recently modified their holdings of the stock. Timbuktu Capital Management LLC purchased a new position in shares of Abercrombie & Fitch during the 2nd quarter valued at about $29,000. CoreCap Advisors LLC grew its stake in shares of Abercrombie & Fitch by 304.2% during the 3rd quarter. CoreCap Advisors LLC now owns 384 shares of the apparel retailer's stock valued at $52,000 after acquiring an additional 289 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Abercrombie & Fitch in the 4th quarter worth approximately $56,000. Root Financial Partners LLC purchased a new stake in Abercrombie & Fitch in the 3rd quarter worth approximately $72,000. Finally, Versant Capital Management Inc increased its holdings in Abercrombie & Fitch by 29.8% in the 2nd quarter. Versant Capital Management Inc now owns 610 shares of the apparel retailer's stock worth $55,000 after acquiring an additional 140 shares in the last quarter.

About Abercrombie & Fitch

Abercrombie & Fitch Co is a global specialty retailer that sells apparel, accessories and personal-care products through stores and digital channels. Its portfolio includes Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, with products designed for consumers across a range of life stages and lifestyles.

The company's offerings include casual clothing, denim, dresses, tops, outerwear, intimates, activewear, swimwear, footwear, accessories and fragrances. Abercrombie & Fitch serves customers through company-operated and franchise stores, as well as branded websites and other digital platforms, in the United States and selected international markets.

Founded in 1892 as an outdoor and sporting-goods retailer, the company later developed into a fashion retailer focused on casual apparel.

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