JPMorgan Chase & Co. Boosts Abercrombie & Fitch (NYSE:ANF) Price Target to $126.00

Key Points

• JPMorgan raised Abercrombie & Fitch’s price target to $126 from $110 while maintaining a neutral rating, implying about 20% upside from the stock’s reported $104.70 price.
• Analyst sentiment is broadly positive: the stock has a consensus “Moderate Buy” rating and an average price target of $119, with seven Buy ratings and six Holds.
• Abercrombie reported quarterly EPS of $1.47, beating estimates of $1.26, while revenue rose 1.5% year over year to $1.11 billion. Separately, company insiders sold 30,000 shares worth approximately $3.3 million over the past three months.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) had its price target lifted by equities researchers at JPMorgan Chase & Co. from $110.00 to $126.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the apparel retailer's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 20.34% from the company's current price.

Several other brokerages also recently issued reports on ANF. Jefferies Financial Group lifted their price objective on Abercrombie & Fitch from $110.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. BTIG Research reiterated a "buy" rating and set a $120.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, May 27th. Morgan Stanley reissued an "equal weight" rating and set a $87.00 price target on shares of Abercrombie & Fitch in a research report on Monday, July 6th. Raymond James Financial reissued a "market perform" rating on shares of Abercrombie & Fitch in a report on Tuesday. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $124.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.00.

Abercrombie & Fitch Stock Performance

NYSE ANF traded down $0.46 during trading hours on Tuesday, reaching $104.70. The company's stock had a trading volume of 178,707 shares, compared to its average volume of 1,363,583. The stock has a market cap of $4.65 billion, a PE ratio of 10.05 and a beta of 0.90. Abercrombie & Fitch has a fifty-two week low of $65.45 and a fifty-two week high of $133.11. The company's 50-day moving average is $96.08 and its two-hundred day moving average is $90.91.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, May 27th. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.21. Abercrombie & Fitch had a net margin of 9.34% and a return on equity of 34.36%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the previous year, the business posted $1.59 earnings per share. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. Abercrombie & Fitch has set its Q2 2026 guidance at 1.800-2.000 EPS and its FY 2026 guidance at 10.200-11.000 EPS. Equities analysts expect that Abercrombie & Fitch will post 10.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 10,000 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $115.00, for a total value of $1,150,000.00. Following the completion of the transaction, the chief operating officer directly owned 152,534 shares in the company, valued at approximately $17,541,410. The trade was a 6.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 30,000 shares of company stock valued at $3,300,000. Insiders own 2.33% of the company's stock.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Abercrombie & Fitch by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,517 shares of the apparel retailer's stock worth $2,254,000 after buying an additional 892 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Abercrombie & Fitch by 521.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the apparel retailer's stock valued at $76,000 after acquiring an additional 839 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Abercrombie & Fitch during the 1st quarter valued at about $261,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Abercrombie & Fitch by 8.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 127,389 shares of the apparel retailer's stock worth $9,729,000 after acquiring an additional 10,459 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of Abercrombie & Fitch during the 2nd quarter worth about $348,000.

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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