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

Abercrombie & Fitch Company (NYSE:ANF)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $155.22 and last traded at $154.5140, with a volume of 64977 shares traded. The stock had previously closed at $151.43.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ANF. Barclays boosted their target price on Abercrombie & Fitch from $114.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Argus upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $162.00 price target for the company in a report on Monday, August 31st. Raymond James Financial reissued a “market perform” rating on shares of Abercrombie & Fitch in a research note on Tuesday, August 18th. Needham & Company LLC increased their price objective on Abercrombie & Fitch from $108.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Abercrombie & Fitch from $110.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.38.

Abercrombie & Fitch Trading Up 1.0%

The stock has a market cap of $6.79 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.31 and a beta of 0.97. The firm’s fifty day moving average is $109.93 and its 200 day moving average is $94.89.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $2.18. Abercrombie & Fitch had a net margin of 10.03% and a return on equity of 33.52%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm earned $2.91 EPS. The business’s revenue 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. Research analysts forecast that Abercrombie & Fitch Company will post 11.4 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Jay Rust sold 5,000 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 15,651 shares in the company, valued at approximately $2,308,522.50. This trade represents a 24.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gregory J. Henchel sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $146.65, for a total transaction of $4,399,500.00. Following the completion of the transaction, the executive vice president owned 33,681 shares of the company’s stock, valued at $4,939,318.65. This trade represents a 47.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 70,800 shares of company stock worth $9,301,752 over the last 90 days. 2.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System increased its holdings in shares of Abercrombie & Fitch by 8,792.9% in the second quarter. California State Teachers Retirement System now owns 4,671,519 shares of the apparel retailer’s stock worth $420,483,000 after acquiring an additional 4,618,988 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Abercrombie & Fitch by 56.0% during the 4th quarter. AQR Capital Management LLC now owns 2,504,240 shares of the apparel retailer’s stock worth $315,209,000 after purchasing an additional 898,884 shares in the last quarter. Bbfit Investments PTE Ltd. acquired a new stake in Abercrombie & Fitch in the fourth quarter valued at $205,539,000. Dimensional Fund Advisors LP grew its holdings in Abercrombie & Fitch by 15.0% during the first 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 during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Abercrombie & Fitch by 41.6% during the 1st 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 during the last quarter.

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.