Abercrombie & Fitch (NYSE:ANF) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Abercrombie & Fitch (NYSE:ANF) from a buy rating to a hold rating in a report released on Sunday morning.

Several other research firms have also commented on ANF. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their target price for the company from $90.00 to $135.00 in a research note on Wednesday, January 21st. BTIG Research restated a “buy” rating and issued a $120.00 price target on shares of Abercrombie & Fitch in a report on Thursday, March 5th. Jefferies Financial Group cut their price objective on shares of Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. The Goldman Sachs Group assumed coverage on shares of Abercrombie & Fitch in a research report on Thursday, December 11th. They issued a “buy” rating and a $120.00 target price on the stock. Finally, Barclays lowered their target price on shares of Abercrombie & Fitch from $115.00 to $95.00 and set an “equal weight” rating for the company in a report on Thursday, March 5th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $118.80.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $86.90 on Friday. The stock has a fifty day moving average price of $101.41 and a 200 day moving average price of $93.15. The stock has a market cap of $3.99 billion, a PE ratio of 8.24 and a beta of 1.17. Abercrombie & Fitch has a 1 year low of $65.40 and a 1 year high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.56 by $0.12. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Abercrombie & Fitch had a return on equity of 36.36% and a net margin of 9.63%.Abercrombie & Fitch’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.57 earnings per share. 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, equities research analysts predict that Abercrombie & Fitch will post 10.62 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Fran Horowitz sold 103,200 shares of Abercrombie & Fitch stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $98.53, for a total transaction of $10,168,296.00. Following the sale, the chief executive officer owned 605,303 shares in the company, valued at $59,640,504.59. This trade represents a 14.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 350,000 shares of company stock valued at $34,661,358. 2.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

Several institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC increased its stake in shares of Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after buying an additional 227 shares during the last quarter. Transamerica Financial Advisors LLC grew 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 in the last quarter. Larson Financial Group LLC grew its position in shares of Abercrombie & Fitch by 120.3% in the 4th quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 148 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of Abercrombie & Fitch during the 3rd quarter valued at approximately $38,000. Finally, Hantz Financial Services Inc. lifted its stake in Abercrombie & Fitch by 108.2% during the third quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock worth $41,000 after purchasing an additional 250 shares during the last quarter.

About Abercrombie & Fitch

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.