Abercrombie & Fitch Company (NYSE:ANF) Stock Has Average Price Target of $155.38

Key Points

• Analysts rate Abercrombie & Fitch “Moderate Buy,” with eight buy, two strong-buy and five hold ratings. The average 12-month price target is $155.38, above the stock’s $136.64 opening price.
• The company reported strong quarterly results, delivering $4.17 in EPS versus the $1.99 consensus estimate and $1.27 billion in revenue, up 4.8% year over year.
• Several executives have recently sold shares, with insiders selling 72,800 shares worth approximately $9.6 million over the past three months.

Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fifteen research firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $155.38.

A number of brokerages have recently issued reports on ANF. Needham & Company LLC increased their target price on Abercrombie & Fitch from $108.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. upped their price target on Abercrombie & Fitch from $110.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, August 18th. Jefferies Financial Group set a $175.00 price objective on Abercrombie & Fitch in a research note on Wednesday, August 26th. Citigroup downgraded shares of Abercrombie & Fitch from a "buy" rating to a "neutral" rating and boosted their target price for the company from $135.00 to $156.00 in a research note on Thursday, August 27th. Finally, Argus raised shares of Abercrombie & Fitch from a "hold" rating to a "buy" rating and set a $162.00 target price on the stock in a report on Monday, August 31st.

Abercrombie & Fitch Stock Up 1.4%

NYSE ANF opened at $136.64 on Friday. The stock has a market cap of $5.80 billion, a P/E ratio of 11.70, a PEG ratio of 1.18 and a beta of 1.02. The company's 50-day simple moving average is $125.39 and its 200 day simple moving average is $100.39. Abercrombie & Fitch has a twelve month low of $65.45 and a twelve month high of $155.22.

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

Insider Activity

In other news, EVP Gregory Henchel sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $146.65, for a total transaction of $4,399,500.00. Following the completion of the sale, the executive vice president owned 33,681 shares of the company's stock, valued at approximately $4,939,318.65. This trade represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jay Rust sold 5,000 shares of Abercrombie & Fitch stock in a transaction that occurred 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 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 72,800 shares of company stock valued at $9,595,392 over the last three months. 2.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently bought and sold shares of the business. Bbfit Investments PTE Ltd. acquired a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at $205,539,000. Dimensional Fund Advisors LP lifted its position in Abercrombie & Fitch by 15.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,596,177 shares of the apparel retailer's stock worth $145,823,000 after buying an additional 208,709 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Abercrombie & Fitch by 41.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,310,296 shares of the apparel retailer's stock worth $119,722,000 after buying an additional 384,845 shares in the last quarter. Norges Bank acquired a new position in Abercrombie & Fitch during the 4th quarter worth about $98,961,000. Finally, Bank of America Corp DE grew its holdings in Abercrombie & Fitch by 12.3% during the 1st quarter. Bank of America Corp DE now owns 486,134 shares of the apparel retailer's stock worth $44,418,000 after acquiring an additional 53,161 shares during the last quarter.

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.

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