Abercrombie & Fitch (NYSE:ANF) Stock Rating Raised to “Strong-Buy” at Wolfe Research

Abercrombie & Fitch (NYSE:ANF) was upgraded by equities researchers at Wolfe Research to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports.

A number of other research firms have also recently commented on ANF. JPMorgan Chase & Co. boosted their price target on Abercrombie & Fitch from $110.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, August 18th. BMO Capital Markets started 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 on the stock. Morgan Stanley boosted their target price on shares of Abercrombie & Fitch from $87.00 to $134.00 and gave the stock an “equal weight” rating in a report on Thursday, August 27th. Telsey Advisory Group upped their target price on shares of Abercrombie & Fitch from $118.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Abercrombie & Fitch in a research note on Tuesday, August 18th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.21.

Abercrombie & Fitch Stock Up 1.1%

NYSE:ANF opened at $161.44 on Wednesday. The business’s 50-day simple moving average is $138.03 and its two-hundred day simple moving average is $106.75. Abercrombie & Fitch has a 52 week low of $65.45 and a 52 week high of $163.82. The stock has a market cap of $6.85 billion, a PE ratio of 13.82, a P/E/G ratio of 1.40 and a beta of 1.02.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $2.18. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. Abercrombie & Fitch had a return on equity of 33.52% and a net margin of 10.03%. During the same quarter in the prior year, the company posted $2.91 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. 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. Sell-side analysts anticipate that Abercrombie & Fitch will post 11.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 2,000 shares of the 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 transaction, the chief operating officer owned 145,534 shares in the company, valued at $21,367,301.88. This trade represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth B. Robinson sold 800 shares of Abercrombie & Fitch stock in a transaction on Friday, August 28th. The stock was sold at an average price of $149.69, for a total transaction of $119,752.00. Following the completion of the transaction, the director directly owned 7,169 shares of the company’s stock, valued at $1,073,127.61. The trade was a 10.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 72,800 shares of company stock worth $9,595,392. Company insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANF. Timbuktu Capital Management LLC purchased a new stake in Abercrombie & Fitch during the second quarter valued at approximately $29,000. CoreCap Advisors LLC boosted its holdings in shares of Abercrombie & Fitch by 304.2% in the 3rd quarter. CoreCap Advisors LLC now owns 384 shares of the apparel retailer’s stock worth $52,000 after purchasing an additional 289 shares during the period. Versant Capital Management Inc increased its position in shares of Abercrombie & Fitch by 29.8% during the 2nd quarter. Versant Capital Management Inc now owns 610 shares of the apparel retailer’s stock valued at $55,000 after purchasing an additional 140 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Abercrombie & Fitch during the 4th quarter valued at $56,000. Finally, Parallel Advisors LLC lifted its position in Abercrombie & Fitch by 46.7% in the first quarter. Parallel Advisors LLC now owns 788 shares of the apparel retailer’s stock worth $72,000 after buying an additional 251 shares during 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.