Telsey Advisory Group Reiterates Outperform Rating for Abercrombie & Fitch (NYSE:ANF)

Key Points

• Telsey Advisory Group has reaffirmed an "outperform" rating for Abercrombie & Fitch (NYSE:ANF) with a target price of $125.00, suggesting a potential upside of 32.43%.
• Abercrombie & Fitch recently reported quarterly earnings of $2.32 per share, surpassing analyst expectations, with revenue increasing by 6.6% year-over-year.
• The apparel retailer's stock has seen heavy trading activity, with several insiders recently selling shares, indicating some fluctuations in insider positioning.

Abercrombie & Fitch (NYSE:ANF - Get Free Report)'s stock had its "outperform" rating reissued by equities researchers at Telsey Advisory Group in a report issued on Friday,Benzinga reports. They presently have a $125.00 target price on the apparel retailer's stock. Telsey Advisory Group's target price suggests a potential upside of 32.43% from the company's previous close.

A number of other brokerages have also issued reports on ANF. UBS Group reissued a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Morgan Stanley set a $93.00 price objective on Abercrombie & Fitch in a report on Thursday, August 28th. JPMorgan Chase & Co. reduced their price objective on Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday, August 28th. Jefferies Financial Group reduced their price objective on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Finally, Citigroup reiterated a "neutral" rating and issued a $105.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Abercrombie & Fitch presently has an average rating of "Moderate Buy" and a consensus price target of $115.25.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $94.39 on Friday. The stock has a market capitalization of $4.44 billion, a PE ratio of 8.93 and a beta of 1.44. The business has a 50 day simple moving average of $95.04 and a two-hundred day simple moving average of $84.20. Abercrombie & Fitch has a 1-year low of $65.40 and a 1-year high of $167.71.

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

Insider Activity

In related news, EVP Jay Rust sold 1,500 shares of the company's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $93.15, for a total value of $139,725.00. Following the completion of the transaction, the executive vice president owned 6,648 shares of the company's stock, valued at approximately $619,261.20. This represents a 18.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth B. Robinson sold 1,392 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $94.60, for a total value of $131,683.20. Following the completion of the transaction, the director directly owned 5,880 shares of the company's stock, valued at $556,248. The trade was a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,964 shares of company stock valued at $759,233 in the last quarter. 2.29% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of large investors have recently bought and sold shares of ANF. NewEdge Advisors LLC raised its holdings in Abercrombie & Fitch by 181.6% in the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 227 shares during the period. Ameritas Advisory Services LLC acquired a new position in Abercrombie & Fitch in the 2nd quarter worth about $38,000. UMB Bank n.a. increased its stake in Abercrombie & Fitch by 161.4% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after buying an additional 360 shares in the last quarter. Versant Capital Management Inc increased its stake in Abercrombie & Fitch by 55.6% during the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after buying an additional 260 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Abercrombie & Fitch by 392.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer's stock worth $59,000 after buying an additional 569 shares in the last quarter.

About Abercrombie & Fitch

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.

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