Jay Rust Sells 5,000 Shares of Abercrombie & Fitch (NYSE:ANF) Stock

Key Points

• Abercrombie & Fitch EVP Jay Rust sold 5,000 shares at an average price of $147.50, generating $737,500. His remaining stake fell 24.21% to 15,651 shares.
• The company reported strong quarterly results, with $4.17 in earnings per share versus the $1.99 consensus estimate and revenue of $1.27 billion, up 4.8% year over year.
• Despite shares trading down 1.8% to $140.54, analysts remain generally positive, with a consensus “Moderate Buy” rating and an average price target of $154.17.

Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) EVP Jay Rust sold 5,000 shares of the company's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $147.50, for a total transaction of $737,500.00. Following the transaction, the executive vice president owned 15,651 shares of the company's stock, valued at approximately $2,308,522.50. This represents a 24.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Abercrombie & Fitch Trading Down 1.8%

ANF traded down $2.54 during trading on Tuesday, hitting $140.54. 1,730,721 shares of the company traded hands, compared to its average volume of 1,496,324. The company has a market cap of $6.24 billion, a PE ratio of 12.03 and a beta of 0.90. The stock's 50-day simple moving average is $103.16 and its two-hundred day simple moving average is $92.69. Abercrombie & Fitch Company has a 1 year low of $65.45 and a 1 year high of $154.58.

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 the consensus estimate of $1.99 by $2.18. Abercrombie & Fitch had a net margin of 10.03% and a return on equity of 33.52%. The business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter in the previous year, the company earned $2.91 EPS. The business's quarterly revenue was up 4.8% compared to the same quarter last year. 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 Company will post 11.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ANF. Telsey Advisory Group increased their price target on Abercrombie & Fitch from $118.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Raymond James Financial reaffirmed a "market perform" rating on shares of Abercrombie & Fitch in a report on Tuesday, August 18th. Needham & Company LLC increased their target price on Abercrombie & Fitch from $108.00 to $165.00 and gave the company a "buy" rating in a research report on Wednesday, August 26th. BTIG Research raised their target price on shares of Abercrombie & Fitch from $120.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, August 26th. Finally, The Goldman Sachs Group set a $160.00 price target on shares of Abercrombie & Fitch in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.17.

Institutional Trading of Abercrombie & Fitch

Several hedge funds and other institutional investors have recently bought and sold shares of ANF. Transamerica Financial Advisors LLC lifted its position in Abercrombie & Fitch by 322.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer's stock worth $31,000 after buying an additional 190 shares during the last quarter. Larson Financial Group LLC increased its position in Abercrombie & Fitch by 120.3% during the fourth quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer's stock valued at $34,000 after acquiring an additional 148 shares during the last quarter. Timbuktu Capital Management LLC bought a new position in Abercrombie & Fitch during the second quarter valued at $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at $44,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Abercrombie & Fitch by 94.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer's stock valued at $44,000 after acquiring an additional 170 shares during the period.

About Abercrombie & Fitch

Abercrombie & Fitch Co NYSE: ANF is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.

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