Abercrombie & Fitch (NYSE:ANF) Reaches New 1-Year High – What’s Next?

Abercrombie & Fitch Company (NYSE:ANF) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $163.82 and last traded at $161.7630, with a volume of 1,207,150 shares traded. The stock had previously closed at $162.01.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their price target 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. Jefferies Financial Group set a $175.00 price objective on Abercrombie & Fitch in a research report on Wednesday, August 26th. Barclays raised their target price on Abercrombie & Fitch from $114.00 to $155.00 and gave the stock 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 target price for the company in a report on Monday, August 31st. Finally, Needham & Company LLC raised their price objective on shares of Abercrombie & Fitch from $108.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and an average target price of $157.21.

Abercrombie & Fitch Price Performance

The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.40 and a beta of 1.02. The business’s fifty day moving average price is $138.03 and its 200-day moving average price is $106.75.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm earned $2.91 EPS. The business’s revenue for the quarter 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. Equities research analysts predict that Abercrombie & Fitch Company will post 11.42 earnings per share for the current fiscal year.

Insider Activity

In other Abercrombie & Fitch news, EVP Jay Rust sold 5,000 shares of the stock in a transaction dated Friday, August 28th. The shares were 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 owned 15,651 shares in the company, valued at approximately $2,308,522.50. This trade represents a 24.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Gregory J. Henchel sold 30,000 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $146.65, for a total transaction of $4,399,500.00. Following the completion of the sale, the executive vice president owned 33,681 shares of the company’s stock, valued at approximately $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 72,800 shares of company stock valued at $9,595,392 in the last three months. 2.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of 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 valued at $145,823,000 after acquiring an additional 208,709 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Abercrombie & Fitch by 41.6% during the first 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 period. Bank of America Corp DE boosted its position in Abercrombie & Fitch by 12.3% in the first quarter. Bank of America Corp DE now owns 486,134 shares of the apparel retailer’s stock worth $44,418,000 after purchasing an additional 53,161 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Abercrombie & Fitch by 30.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 257,474 shares of the apparel retailer’s stock worth $24,269,000 after purchasing an additional 60,454 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in Abercrombie & Fitch in the second quarter worth $20,035,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co is a global specialty retailer that sells apparel, accessories and personal-care products through stores and digital channels. Its portfolio includes Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, with products designed for consumers across a range of life stages and lifestyles.

The company’s offerings include casual clothing, denim, dresses, tops, outerwear, intimates, activewear, swimwear, footwear, accessories and fragrances. Abercrombie & Fitch serves customers through company-operated and franchise stores, as well as branded websites and other digital platforms, in the United States and selected international markets.

Founded in 1892 as an outdoor and sporting-goods retailer, the company later developed into a fashion retailer focused on casual apparel.