Abercrombie & Fitch (NYSE:ANF) Stock Bumped Down to Hold by Zacks Research

Zacks Research downgraded shares of Abercrombie & Fitch (NYSE:ANF) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks reports.

Several other research firms also recently weighed in on ANF. Argus raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a research report on Monday, August 31st. BTIG Research reissued a “buy” rating and set a $175.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, October 7th. Citigroup cut shares of Abercrombie & Fitch from a “buy” rating to a “neutral” rating and increased their price target for the stock from $135.00 to $156.00 in a research report on Thursday, August 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $180.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Abercrombie & Fitch from $110.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $158.64.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $154.24 on Monday. The stock has a market capitalization of $6.54 billion, a P/E ratio of 13.21, a PEG ratio of 1.34 and a beta of 1.01. The company has a 50 day moving average price of $147.85 and a 200 day moving average price of $106.90. Abercrombie & Fitch has a fifty-two week low of $65.45 and a fifty-two week high of $172.00.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, August 26th. The apparel retailer reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $2.18. Abercrombie & Fitch had a return on equity of 33.52% and a net margin of 10.03%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the firm earned $2.91 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. 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. Research analysts forecast that Abercrombie & Fitch will post 11.42 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Scott D. Lipesky sold 2,000 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $146.82, for a total transaction of $293,640.00. Following the completion of the transaction, the chief operating officer directly owned 145,534 shares of the company’s stock, valued at approximately $21,367,301.88. This represents a 1.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kenneth B. Robinson sold 800 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $149.69, for a total value of $119,752.00. Following the completion of the transaction, the director owned 7,169 shares in the company, valued at approximately $1,073,127.61. The trade was a 10.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,800 shares of company stock valued at $6,295,392 in the last 90 days. Company insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Maven Securities LTD acquired a new stake in shares of Abercrombie & Fitch during the second quarter worth about $1,108,000. Paralel Advisors LLC purchased a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at about $2,278,000. Baird Financial Group Inc. acquired a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at about $20,035,000. Pacer Advisors Inc. boosted its position in shares of Abercrombie & Fitch by 31.7% in the 1st quarter. Pacer Advisors Inc. now owns 189,757 shares of the apparel retailer’s stock valued at $17,338,000 after purchasing an additional 45,654 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at about $703,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co. is a global specialty retailer of apparel and accessories. Its portfolio includes Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, with products for women, men and children that include clothing, footwear, accessories and personal-care items. The company sells through retail stores and digital channels, serving customers in North America and international markets. It traces its origins to 1892, when David T. Abercrombie founded an outfitting business in New York; Ezra Fitch joined the company in 1900.