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

Abercrombie & Fitch Company (NYSE:ANF) 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 have also recently commented on ANF. BTIG Research reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research report on Tuesday, January 13th. JPMorgan Chase & Co. dropped their price objective on shares of Abercrombie & Fitch from $128.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. The Goldman Sachs Group assumed coverage on shares of Abercrombie & Fitch in a research report on Thursday, December 11th. They set a “buy” rating and a $120.00 target price for the company. UBS Group lowered their price target on shares of Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Finally, Morgan Stanley upped their price target on shares of Abercrombie & Fitch from $78.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.80.

Insider Activity at Abercrombie & Fitch

In related news, CEO Fran Horowitz sold 103,200 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $98.53, for a total value of $10,168,296.00. Following the sale, the chief executive officer owned 605,303 shares in the company, valued at approximately $59,640,504.59. This trade represents a 14.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 350,000 shares of company stock worth $34,661,358. 2.29% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ANF. NewEdge Advisors LLC boosted its stake in shares of Abercrombie & Fitch by 181.6% in the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 227 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in Abercrombie & Fitch by 322.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 190 shares during the last quarter. Larson Financial Group LLC lifted its stake in 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 last quarter. Blue Trust Inc. bought a new position in shares of Abercrombie & Fitch during the third quarter valued at about $38,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Abercrombie & Fitch by 108.2% in the third quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock worth $41,000 after buying an additional 250 shares during the period.

Abercrombie & Fitch Stock Performance

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

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.56 by $0.12. Abercrombie & Fitch had a return on equity of 36.36% and a net margin of 9.63%.The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company earned $3.57 EPS. Abercrombie & Fitch’s revenue for the quarter 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. As a group, research analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

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.