Abercrombie & Fitch (NYSE:ANF) Sets New 1-Year High - Still a Buy?

Key Points

• Abercrombie & Fitch reached a new 52-week high, trading as high as $167.99 and recently changing hands around $166.84. The stock has risen above its 50-day and 200-day moving averages, with a market capitalization of approximately $7.15 billion.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $157.21. Recent targets range from $134 to $175, although Raymond James downgraded the stock to “market perform.”
• The company reported strong quarterly results, posting EPS of $4.17 versus the $1.99 consensus and revenue of $1.27 billion. However, insiders sold 62,800 shares worth roughly $8.5 million over the past 90 days.

Abercrombie & Fitch Company (NYSE:ANF - Get Free Report)'s stock price reached a new 52-week high during trading on Monday. The stock traded as high as $167.99 and last traded at $166.8440, with a volume of 64,853 shares traded. The stock had previously closed at $164.44.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ANF shares. Jefferies Financial Group set a $175.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, August 26th. Raymond James Financial lowered Abercrombie & Fitch from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 18th. Needham & Company LLC increased their target price 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. BMO Capital Markets initiated coverage on shares of Abercrombie & Fitch in a research report on Tuesday, September 8th. They set an "outperform" rating and a $170.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on Abercrombie & Fitch from $87.00 to $134.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $157.21.

Abercrombie & Fitch Stock Up 2.4%

The stock has a 50-day simple moving average of $144.03 and a 200-day simple moving average of $104.93. The firm has a market capitalization of $7.15 billion, a PE ratio of 14.44, a P/E/G ratio of 1.44 and a beta of 1.00.

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, beating analysts' consensus estimates of $1.99 by $2.18. The company had revenue of $1.27 billion for 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%. Abercrombie & Fitch's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.91 EPS. 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 forecast that Abercrombie & Fitch Company will post 11.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Scott Lipesky sold 2,000 shares of the company's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $146.82, for a total transaction of $293,640.00. Following the completion of the sale, the chief operating officer directly owned 145,534 shares in the company, valued at $21,367,301.88. This represents a 1.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gregory Henchel sold 30,000 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 33,681 shares in the company, valued at approximately $4,939,318.65. The trade was a 47.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 62,800 shares of company stock worth $8,545,392. Insiders own 2.33% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ANF. Chicago Partners Investment Group LLC grew its position in Abercrombie & Fitch by 35.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,044 shares of the apparel retailer's stock worth $474,000 after purchasing an additional 796 shares during the period. Profund Advisors LLC bought a new stake in Abercrombie & Fitch during the 3rd quarter worth approximately $237,000. Vise Technologies Inc. bought a new position in shares of Abercrombie & Fitch in the third quarter worth approximately $1,067,000. State of Wyoming bought a new stake in shares of Abercrombie & Fitch during the 3rd quarter valued at $256,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Abercrombie & Fitch by 33.0% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 12,100 shares of the apparel retailer's stock valued at $1,630,000 after buying an additional 3,000 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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