Needham & Company LLC Begins Coverage on Abercrombie & Fitch (NYSE:ANF)

Equities research analysts at Needham & Company LLC began coverage on shares of Abercrombie & Fitch (NYSE:ANF) in a report released on Thursday,Benzinga reports. The firm set a “buy” rating and a $108.00 price target on the apparel retailer’s stock. Needham & Company LLC’s price target suggests a potential upside of 22.07% from the stock’s current price.

ANF has been the topic of a number of other reports. Jefferies Financial Group dropped 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. Morgan Stanley raised their target price on Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Barclays lowered their price target on Abercrombie & Fitch from $115.00 to $95.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. JPMorgan Chase & Co. increased their price objective on Abercrombie & Fitch from $102.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Finally, Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $135.00 in a research note on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.82.

Abercrombie & Fitch Stock Down 0.4%

Shares of Abercrombie & Fitch stock opened at $88.48 on Thursday. The company has a 50 day moving average price of $94.11 and a 200 day moving average price of $92.53. The firm has a market capitalization of $4.06 billion, a P/E ratio of 8.39 and a beta of 1.17. Abercrombie & Fitch has a 52 week low of $65.40 and a 52 week high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last released its 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 for the quarter, compared to the consensus estimate of $1.67 billion. Abercrombie & Fitch had a net margin of 9.63% and a return on equity of 36.36%. Abercrombie & Fitch’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.57 EPS. 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, research analysts anticipate that Abercrombie & Fitch will post 10.62 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Fran Horowitz sold 29,769 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $100.00, for a total transaction of $2,976,900.00. Following the completion of the sale, the chief executive officer owned 308,503 shares of the company’s stock, valued at $30,850,300. The trade was a 8.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 350,000 shares of company stock valued at $34,661,358 in the last quarter. 2.29% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bbfit Investments PTE Ltd. purchased a new stake in Abercrombie & Fitch during the 4th quarter worth approximately $205,539,000. Wellington Management Group LLP lifted its position in shares of Abercrombie & Fitch by 5,749.6% in the third quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock valued at $102,148,000 after acquiring an additional 1,173,601 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Abercrombie & Fitch by 10,469.4% in the second quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock worth $82,278,000 after acquiring an additional 983,705 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Abercrombie & Fitch by 56.0% in the fourth quarter. AQR Capital Management LLC now owns 2,504,240 shares of the apparel retailer’s stock worth $315,209,000 after acquiring an additional 898,884 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter worth approximately $98,961,000.

Abercrombie & Fitch Company Profile

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.