Abercrombie & Fitch (NYSE:ANF) Reaches New 1-Year High – Here’s What Happened

Abercrombie & Fitch Company (NYSE:ANF)’s share price reached a new 52-week high during trading on Tuesday. The company traded as high as $167.05 and last traded at $166.37, with a volume of 535,765 shares. The stock had previously closed at $164.73.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup downgraded shares of Abercrombie & Fitch from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $135.00 to $156.00 in a research note on Thursday, August 27th. BMO Capital Markets initiated coverage on shares of Abercrombie & Fitch in a research note on Tuesday, September 8th. They set an “outperform” rating and a $170.00 price target on the stock. Telsey Advisory Group boosted their price target on Abercrombie & Fitch from $118.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. The Goldman Sachs Group set a $160.00 target price on shares of Abercrombie & Fitch in a report on Thursday, August 27th. Finally, JPMorgan Chase & Co. raised their price target on Abercrombie & Fitch from $110.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.21.

Abercrombie & Fitch Trading Up 1.4%

The firm’s 50 day moving average is $139.27 and its two-hundred day moving average is $104.07. The firm has a market cap of $7.08 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share for the quarter, beating the consensus estimate of $1.99 by $2.18. Abercrombie & Fitch had a return on equity of 33.52% and a net margin of 10.03%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business posted $2.91 EPS. Abercrombie & Fitch’s revenue for the quarter was up 4.8% on a year-over-year basis. 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 predict that Abercrombie & Fitch Company will post 11.42 EPS for the current fiscal year.

Insider Activity

In other news, EVP Jay Rust sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $147.50, for a total value of $737,500.00. Following the transaction, the executive vice president owned 15,651 shares of the company’s stock, valued at approximately $2,308,522.50. This represents a 24.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gregory J. Henchel sold 30,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $146.65, for a total transaction of $4,399,500.00. Following the completion of the sale, the executive vice president owned 33,681 shares of the company’s stock, valued at approximately $4,939,318.65. The trade was a 47.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 62,800 shares of company stock valued at $8,545,392 in the last ninety days. Corporate insiders own 2.33% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in 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 in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Abercrombie & Fitch by 41.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,310,296 shares of the apparel retailer’s stock worth $119,722,000 after acquiring an additional 384,845 shares in the last quarter. Bank of America Corp DE lifted its position in Abercrombie & Fitch by 12.3% in the 1st quarter. Bank of America Corp DE now owns 486,134 shares of the apparel retailer’s stock valued at $44,418,000 after acquiring an additional 53,161 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Abercrombie & Fitch by 30.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 257,474 shares of the apparel retailer’s stock worth $24,269,000 after acquiring an additional 60,454 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new position in Abercrombie & Fitch in the second quarter worth $20,035,000.

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.