Abercrombie & Fitch (NYSE:ANF) Stock Rated “Outperform” in New Coverage at Wolfe Research

Wolfe Research started coverage on shares of Abercrombie & Fitch (NYSE:ANF) in a research note issued on Wednesday, Marketbeat.com reports. The firm set an “outperform” rating on the apparel retailer’s stock.

A number of other brokerages have also recently commented on ANF. Jefferies Financial Group set a $175.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, August 26th. The Goldman Sachs Group set a $160.00 target price on shares of Abercrombie & Fitch in a research note on Thursday, August 27th. BMO Capital Markets initiated coverage on Abercrombie & Fitch in a report on Tuesday, September 8th. They issued an “outperform” rating and a $170.00 price objective on the stock. Weiss Ratings upgraded shares of Abercrombie & Fitch from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 16th. Finally, Telsey Advisory Group raised their price objective on shares of Abercrombie & Fitch from $118.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $157.21.

Abercrombie & Fitch Price Performance

ANF opened at $161.44 on Wednesday. The company’s 50 day simple moving average is $138.03 and its two-hundred day simple moving average is $106.75. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.40 and a beta of 1.02. Abercrombie & Fitch has a 1-year low of $65.45 and a 1-year high of $163.82.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share for the quarter, topping the consensus estimate of $1.99 by $2.18. The company had revenue of $1.27 billion during 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%. Abercrombie & Fitch’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.91 earnings per share. 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. On average, equities analysts anticipate that Abercrombie & Fitch will post 11.42 earnings per share for the current fiscal year.

Insider Activity at Abercrombie & Fitch

In related news, Director Kenneth B. 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 of the company’s stock, valued at $1,073,127.61. This trade represents a 10.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Scott D. Lipesky sold 10,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $115.00, for a total transaction of $1,150,000.00. Following the sale, the chief operating officer directly owned 152,534 shares of the company’s stock, valued at approximately $17,541,410. This represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 72,800 shares of company stock worth $9,595,392 in the last 90 days. Corporate insiders own 2.33% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc grew its position in Abercrombie & Fitch by 29.8% in the second quarter. Versant Capital Management Inc now owns 610 shares of the apparel retailer’s stock worth $55,000 after acquiring an additional 140 shares in the last quarter. Parallel Advisors LLC boosted its stake in Abercrombie & Fitch by 46.7% during the 1st quarter. Parallel Advisors LLC now owns 788 shares of the apparel retailer’s stock valued at $72,000 after purchasing an additional 251 shares during the period. CoreCap Advisors LLC increased its position in Abercrombie & Fitch by 304.2% during the third quarter. CoreCap Advisors LLC now owns 384 shares of the apparel retailer’s stock worth $52,000 after acquiring an additional 289 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Abercrombie & Fitch by 22.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,665 shares of the apparel retailer’s stock valued at $224,000 after purchasing an additional 302 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in Abercrombie & Fitch by 6.4% during the first quarter. Sequoia Financial Advisors LLC now owns 5,069 shares of the apparel retailer’s stock worth $463,000 after buying an additional 305 shares in the last quarter.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co is a global specialty retailer that sells apparel, accessories and personal-care products through stores and digital channels. Its portfolio includes Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, with products designed for consumers across a range of life stages and lifestyles.

The company’s offerings include casual clothing, denim, dresses, tops, outerwear, intimates, activewear, swimwear, footwear, accessories and fragrances. Abercrombie & Fitch serves customers through company-operated and franchise stores, as well as branded websites and other digital platforms, in the United States and selected international markets.

Founded in 1892 as an outdoor and sporting-goods retailer, the company later developed into a fashion retailer focused on casual apparel.