Abercrombie & Fitch (NYSE:ANF) Shares Gap Down on Analyst Downgrade

Abercrombie & Fitch Company (NYSE:ANF)’s stock price gapped down prior to trading on Wednesday after Jefferies Financial Group lowered their price target on the stock from $135.00 to $130.00. The stock had previously closed at $99.22, but opened at $93.53. Jefferies Financial Group currently has a buy rating on the stock. Abercrombie & Fitch shares last traded at $90.20, with a volume of 1,416,150 shares trading hands.

A number of other brokerages also recently weighed in on ANF. Wall Street Zen raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their target price for the company from $90.00 to $135.00 in a research note on Wednesday, January 21st. BTIG Research restated a “buy” rating on shares of Abercrombie & Fitch in a research note on Tuesday, January 13th. Finally, UBS Group dropped their price objective on Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.80.

Insider Activity

In other news, CEO Fran Horowitz sold 29,769 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $100.00, for a total value of $2,976,900.00. Following the completion of the transaction, the chief executive officer directly owned 308,503 shares of the company’s stock, valued at $30,850,300. This trade represents a 8.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 350,000 shares of company stock worth $34,661,358 in the last quarter. Corporate insiders own 2.29% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in shares of Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after buying an additional 227 shares in the last quarter. Transamerica Financial Advisors LLC boosted its holdings in Abercrombie & Fitch by 322.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 190 shares during the period. Larson Financial Group LLC increased its holdings 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 purchasing an additional 148 shares during the period. Blue Trust Inc. bought a new stake in Abercrombie & Fitch during the third quarter valued at $38,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Abercrombie & Fitch by 108.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock valued at $41,000 after acquiring an additional 250 shares in the last quarter.

Abercrombie & Fitch Stock Performance

The stock has a 50-day moving average price of $103.93 and a 200-day moving average price of $93.36. The stock has a market cap of $4.05 billion, a P/E ratio of 8.38 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.56 by $0.12. Abercrombie & Fitch had a net margin of 9.63% and a return on equity of 36.36%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the company earned $3.57 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. 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. Sell-side analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

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.