Zacks Research Analysts Increase Earnings Estimates for ANF

Abercrombie & Fitch Company (NYSE:ANF) – Zacks Research raised their Q3 2027 earnings estimates for Abercrombie & Fitch in a report released on Friday, February 6th. Zacks Research analyst Team now expects that the apparel retailer will earn $2.41 per share for the quarter, up from their previous estimate of $2.40. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Abercrombie & Fitch’s current full-year earnings is $10.62 per share. Zacks Research also issued estimates for Abercrombie & Fitch’s FY2027 earnings at $9.80 EPS, Q2 2028 earnings at $2.55 EPS and Q3 2028 earnings at $2.45 EPS.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.22. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.Abercrombie & Fitch’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $2.50 earnings per share.

A number of other brokerages have also commented on ANF. Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 price target on shares of Abercrombie & Fitch in a research note on Monday, January 5th. Telsey Advisory Group restated an “outperform” rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, January 13th. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their target price for the company from $90.00 to $135.00 in a research note on Wednesday, January 21st. UBS Group boosted their price target on shares of Abercrombie & Fitch from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Saturday. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.60.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $92.09 on Monday. Abercrombie & Fitch has a fifty-two week low of $65.40 and a fifty-two week high of $133.11. The firm has a market cap of $4.22 billion, a P/E ratio of 8.83 and a beta of 1.19. The business’s 50 day moving average price is $109.80 and its 200-day moving average price is $93.76.

Institutional Trading of Abercrombie & Fitch

A number of hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC raised its stake in Abercrombie & Fitch by 17.6% during the third quarter. Parallel Advisors LLC now owns 967 shares of the apparel retailer’s stock valued at $83,000 after buying an additional 145 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Abercrombie & Fitch by 120.3% in the fourth quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 148 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Abercrombie & Fitch by 0.4% during the second quarter. Franklin Resources Inc. now owns 47,779 shares of the apparel retailer’s stock valued at $3,958,000 after acquiring an additional 167 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Abercrombie & Fitch by 94.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer’s stock valued at $44,000 after acquiring an additional 170 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Abercrombie & Fitch by 2.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,897 shares of the apparel retailer’s stock worth $590,000 after purchasing an additional 194 shares during the last quarter.

Insider Buying and Selling

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 29,769 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $100.00, for a total value of $2,976,900.00. Following the sale, the chief executive officer owned 308,503 shares in the company, valued at approximately $30,850,300. This represents a 8.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 350,000 shares of company stock worth $34,661,358 over the last 90 days. Insiders own 2.29% of the company’s stock.

Abercrombie & Fitch Company Profile

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.