JPMorgan Chase & Co. Reaffirms Neutral Rating for Abercrombie & Fitch (NYSE:ANF)

Key Points

• JPMorgan Chase & Co. reaffirmed its "neutral" rating for Abercrombie & Fitch, with a price target of $103.00, indicating a potential upside of 22.07% from the current stock price.
• The average rating for Abercrombie & Fitch among analysts is "Moderate Buy," with an average price target of $111.11.
• Abercrombie & Fitch reported earnings of $2.32 EPS for the last quarter, surpassing analyst expectations, and its revenue increased 6.6% year-over-year.

Abercrombie & Fitch (NYSE:ANF - Get Free Report)'s stock had its "neutral" rating reaffirmed by analysts at JPMorgan Chase & Co. in a research report issued on Monday,Benzinga reports. They presently have a $103.00 price target on the apparel retailer's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 22.07% from the stock's current price.

ANF has been the subject of several other research reports. BTIG Research assumed coverage on shares of Abercrombie & Fitch in a report on Thursday, September 18th. They set a "buy" rating and a $120.00 price target for the company. Telsey Advisory Group restated an "outperform" rating and set a $125.00 price target on shares of Abercrombie & Fitch in a report on Friday, September 12th. Morgan Stanley set a $93.00 price objective on shares of Abercrombie & Fitch in a research note on Thursday, August 28th. Citigroup reiterated a "neutral" rating and issued a $105.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, August 20th. Finally, Raymond James Financial set a $105.00 price objective on shares of Abercrombie & Fitch and gave the company an "outperform" rating in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $111.11.

Abercrombie & Fitch Trading Down 1.5%

Shares of NYSE ANF opened at $84.38 on Monday. The business's 50 day moving average is $93.62 and its 200-day moving average is $84.09. Abercrombie & Fitch has a 1-year low of $65.40 and a 1-year high of $167.71. The firm has a market cap of $3.97 billion, a P/E ratio of 7.98 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, topping the consensus estimate of $2.27 by $0.05. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $2.50 earnings per share. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. Analysts forecast that Abercrombie & Fitch will post 10.62 EPS for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In other news, Director James A. Goldman sold 5,072 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $96.18, for a total transaction of $487,824.96. Following the completion of the sale, the director owned 7,565 shares of the company's stock, valued at approximately $727,601.70. This represents a 40.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jay Rust sold 1,500 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $93.15, for a total value of $139,725.00. Following the sale, the executive vice president directly owned 6,648 shares of the company's stock, valued at approximately $619,261.20. This trade represents a 18.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,964 shares of company stock worth $759,233 over the last ninety days. Insiders own 2.29% of the company's stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in Abercrombie & Fitch by 181.6% during the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer's stock valued at $29,000 after buying an additional 227 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Abercrombie & Fitch in the 2nd quarter worth about $38,000. UMB Bank n.a. raised its position in shares of Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after purchasing an additional 360 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Abercrombie & Fitch by 392.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer's stock worth $59,000 after purchasing an additional 569 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Abercrombie & Fitch by 178.6% in the 2nd quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer's stock worth $68,000 after purchasing an additional 527 shares during the last quarter.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.