Abercrombie & Fitch (NYSE:ANF) Given Buy Rating at Needham & Company LLC

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a report released on Wednesday,Benzinga reports. They currently have a $108.00 target price on the apparel retailer’s stock. Needham & Company LLC’s price target would indicate a potential upside of 29.46% from the stock’s previous close.

Other analysts have also issued research reports about the company. Wall Street Zen lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Barclays lowered their price objective on shares of Abercrombie & Fitch from $115.00 to $95.00 and set an “equal weight” rating for the company in a report on Thursday, March 5th. Jefferies Financial Group cut their price objective on shares of Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. JPMorgan Chase & Co. reduced their target price on shares of Abercrombie & Fitch from $110.00 to $107.00 and set a “neutral” rating on the stock in a report on Monday, May 18th. Finally, BTIG Research reiterated a “buy” rating and issued a $120.00 target price on shares of Abercrombie & Fitch in a research report on Thursday, March 5th. Eight 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, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

Abercrombie & Fitch Price Performance

NYSE ANF traded up $8.64 during trading hours on Wednesday, reaching $83.42. 2,592,754 shares of the stock traded hands, compared to its average volume of 1,462,883. The stock has a 50 day simple moving average of $86.01 and a two-hundred day simple moving average of $94.41. Abercrombie & Fitch has a 1 year low of $65.45 and a 1 year high of $133.11. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 7.94 and a beta of 0.97.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data 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. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Abercrombie & Fitch had a return on equity of 36.36% and a net margin of 9.63%.The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 EPS. 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. On average, sell-side analysts forecast that Abercrombie & Fitch will post 10.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Abercrombie & Fitch

Hedge funds have recently modified their holdings of the company. AE Wealth Management LLC purchased a new position in shares of Abercrombie & Fitch in the third quarter valued at about $4,227,000. Retirement Systems of Alabama increased its position in shares of Abercrombie & Fitch by 9.0% during the third quarter. Retirement Systems of Alabama now owns 157,175 shares of the apparel retailer’s stock valued at $13,446,000 after buying an additional 12,942 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Abercrombie & Fitch during the third quarter valued at about $1,881,000. AlphaQuest LLC purchased a new position in shares of Abercrombie & Fitch during the third quarter valued at about $1,189,000. Finally, Fisher Asset Management LLC increased its position in shares of Abercrombie & Fitch by 10.5% during the third quarter. Fisher Asset Management LLC now owns 431,351 shares of the apparel retailer’s stock valued at $36,902,000 after buying an additional 40,914 shares during the period.

Abercrombie & Fitch News Summary

Here are the key news stories impacting Abercrombie & Fitch this week:

• Positive Sentiment: Q1 EPS of $1.47 beat Wall Street expectations of $1.26, helping offset concerns about a year-over-year decline in earnings. Article Title
• Positive Sentiment: Record first-quarter net sales of $1.11 billion rose 2% year over year, marking the company’s 14th consecutive quarter of growth and showing continued traction for the brand. Article Title
• Positive Sentiment: The company maintained its FY 2026 guidance for 3% to 5% sales growth and $10.20 to $11.00 in EPS, which reassured investors that management still expects healthy profitability. Article Title
• Positive Sentiment: The company also repurchased $105 million of stock in the quarter, supporting per-share earnings and reflecting confidence in the balance sheet. Article Title
• Neutral Sentiment: Management said softer demand in EMEA, driven by the Middle East conflict, pressured Hollister and will likely require inventory and marketing adjustments, creating some regional uncertainty. Article Title
• Negative Sentiment: Second-quarter EPS guidance of $1.80 to $2.00 came in below the consensus estimate cited in the filings, suggesting near-term margin or demand pressure despite the upbeat quarter. Article Title
• Negative Sentiment: Comparable sales were down 1% and operating margin slipped to 8.0% from 9.3%, showing that profitability is still easing even as revenue grows. Article Title

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.