Citigroup Issues Pessimistic Forecast for Abercrombie & Fitch (NYSE:ANF) Stock Price

Abercrombie & Fitch (NYSE:ANF) had its price objective decreased by Citigroup from $105.00 to $79.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. Citigroup’s price objective suggests a potential upside of 17.18% from the company’s current price.

A number of other brokerages have also recently issued reports on ANF. Zacks Research cut shares of Abercrombie & Fitch from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. BTIG Research started coverage on Abercrombie & Fitch in a research note on Thursday, September 18th. They issued a “buy” rating and a $120.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on Abercrombie & Fitch from $103.00 to $92.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Telsey Advisory Group restated an “outperform” rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Friday, September 12th. Finally, Raymond James Financial set a $105.00 target price on shares of Abercrombie & Fitch and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Abercrombie & Fitch has an average rating of “Hold” and an average target price of $107.00.

Abercrombie & Fitch Price Performance

Shares of ANF traded down $2.73 during mid-day trading on Tuesday, reaching $67.42. 839,619 shares of the company’s stock were exchanged, compared to its average volume of 2,328,294. The business’s fifty day simple moving average is $82.74 and its 200-day simple moving average is $83.80. The stock has a market capitalization of $3.17 billion, a PE ratio of 6.38 and a beta of 1.45. Abercrombie & Fitch has a 52-week low of $65.40 and a 52-week high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. Abercrombie & Fitch’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.50 EPS. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. Equities research analysts predict that Abercrombie & Fitch will post 10.62 earnings per share for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In related news, Director Kenneth B. Robinson sold 1,392 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $94.60, for a total transaction of $131,683.20. Following the completion of the sale, the director owned 5,880 shares of the company’s stock, valued at $556,248. This represents a 19.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jay Rust sold 1,500 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $93.15, for a total value of $139,725.00. Following the sale, the executive vice president owned 6,648 shares in the company, valued at $619,261.20. The trade was a 18.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,964 shares of company stock worth $759,233 over the last quarter. 2.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its holdings 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 worth $29,000 after purchasing an additional 227 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of Abercrombie & Fitch during the 3rd quarter valued at $38,000. Ameritas Advisory Services LLC bought a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth $38,000. EverSource Wealth Advisors LLC boosted its stake in shares of Abercrombie & Fitch by 392.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer’s stock worth $59,000 after acquiring an additional 569 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Abercrombie & Fitch by 178.6% in the 2nd quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer’s stock worth $68,000 after acquiring an additional 527 shares during the last quarter.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.