Abercrombie & Fitch (NYSE:ANF) Rating Lowered to Hold at Zacks Research

Abercrombie & Fitch (NYSE:ANF) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Several other research analysts have also recently commented on ANF. Argus upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $162.00 price target on the stock in a research note on Monday, August 31st. BTIG Research restated a “buy” rating and set a $175.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, October 7th. Citigroup downgraded Abercrombie & Fitch from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $135.00 to $156.00 in a report on Thursday, August 27th. UBS Group upped their target price on Abercrombie & Fitch from $153.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Finally, Jefferies Financial Group set a $175.00 target price on Abercrombie & Fitch in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.64.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock opened at $154.24 on Monday. Abercrombie & Fitch has a 12-month low of $65.45 and a 12-month high of $172.00. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The firm’s fifty day moving average price is $147.85 and its 200 day moving average price is $106.90.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $2.18. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. Abercrombie & Fitch had a net margin of 10.03% and a return on equity of 33.52%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Analysts forecast 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 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 sale, the chief operating officer directly owned 145,534 shares of the company’s stock, valued at approximately $21,367,301.88. This represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth Robinson sold 800 shares of the firm’s stock in a transaction dated 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 owned 7,169 shares in the company, valued at approximately $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. Insiders sold a total of 42,800 shares of company stock valued at $6,295,392 over the last three months. 2.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of hedge funds and other institutional investors have recently bought and sold shares of ANF. Arrowstreet Capital Limited Partnership grew its holdings in shares of Abercrombie & Fitch by 41.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,310,296 shares of the apparel retailer’s stock valued at $119,722,000 after purchasing an additional 384,845 shares during the last quarter. Baird Financial Group Inc. bought a new stake in shares of Abercrombie & Fitch in the 2nd quarter worth approximately $20,035,000. Dimensional Fund Advisors LP lifted its holdings in shares of Abercrombie & Fitch by 15.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,596,177 shares of the apparel retailer’s stock worth $145,823,000 after purchasing an additional 208,709 shares during the last quarter. Impala Asset Management LLC acquired a new position in Abercrombie & Fitch during the 1st quarter valued at approximately $6,122,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Abercrombie & Fitch by 30.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 257,474 shares of the apparel retailer’s stock valued at $24,269,000 after purchasing an additional 60,454 shares during the period.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co. is a global specialty retailer of apparel and accessories. Its portfolio includes Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, with products for women, men and children that include clothing, footwear, accessories and personal-care items. The company sells through retail stores and digital channels, serving customers in North America and international markets. It traces its origins to 1892, when David T. Abercrombie founded an outfitting business in New York; Ezra Fitch joined the company in 1900.