JPMorgan Chase & Co. Cuts Abercrombie & Fitch (NYSE:ANF) Price Target to $107.00

Abercrombie & Fitch (NYSE:ANF) had its target price dropped by analysts at JPMorgan Chase & Co. from $110.00 to $107.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 49.42% from the stock’s previous close.

Several other research firms also recently weighed in on ANF. Needham & Company LLC initiated coverage on shares of Abercrombie & Fitch in a research note on Thursday, March 26th. They issued a “buy” rating and a $108.00 price target on the stock. Barclays dropped their price target on Abercrombie & Fitch from $115.00 to $95.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Jefferies Financial Group dropped their price target on Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. UBS Group dropped their price target on Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Finally, Wall Street Zen lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.18.

Abercrombie & Fitch Trading Up 1.5%

ANF traded up $1.04 on Monday, hitting $71.61. 272,519 shares of the company’s stock were exchanged, compared to its average volume of 1,431,873. Abercrombie & Fitch has a fifty-two week low of $65.45 and a fifty-two week high of $133.11. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 6.82 and a beta of 0.97. The firm has a 50-day moving average price of $87.50 and a 200-day moving average price of $94.24.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.56 by $0.12. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. Abercrombie & Fitch had a net margin of 9.63% and a return on equity of 36.36%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $3.57 earnings per share. Abercrombie & Fitch has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 10.200-11.000 EPS. On average, equities analysts predict that Abercrombie & Fitch will post 10.68 EPS for the current year.

Institutional Investors Weigh In On Abercrombie & Fitch

Several hedge funds and other institutional investors have recently bought and sold shares of ANF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Abercrombie & Fitch by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,517 shares of the apparel retailer’s stock worth $2,254,000 after acquiring an additional 892 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Abercrombie & Fitch by 521.1% in the first quarter. Jones Financial Companies Lllp now owns 1,000 shares of the apparel retailer’s stock valued at $76,000 after buying an additional 839 shares during the last quarter. United Services Automobile Association acquired a new position in Abercrombie & Fitch in the first quarter valued at about $261,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Abercrombie & Fitch by 8.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 127,389 shares of the apparel retailer’s stock valued at $9,729,000 after buying an additional 10,459 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in Abercrombie & Fitch in the second quarter valued at about $348,000.

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.