Abercrombie & Fitch (NYSE:ANF) Stock Rating Reaffirmed by Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “outperform” rating reaffirmed by equities researchers at Telsey Advisory Group in a research note issued to investors on Thursday, Benzinga reports. They currently have a $152.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 1.23% from the stock’s previous close. Telsey Advisory Group also issued estimates for Abercrombie & Fitch’s Q1 2025 earnings at $1.71 EPS, FY2025 earnings at $7.74 EPS, Q2 2026 earnings at $1.53 EPS and Q3 2026 earnings at $2.14 EPS.

ANF has been the subject of a number of other research reports. Argus upped their price objective on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. upped their price objective on shares of Abercrombie & Fitch from $125.00 to $144.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Jefferies Financial Group upped their price objective on shares of Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Finally, UBS Group upped their price objective on shares of Abercrombie & Fitch from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and a consensus price target of $139.29.

Abercrombie & Fitch Stock Up 2.9 %

Shares of ANF opened at $150.15 on Thursday. The business’s 50 day simple moving average is $126.56 and its 200-day simple moving average is $107.70. Abercrombie & Fitch has a one year low of $28.43 and a one year high of $151.46. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.10. The company has a market capitalization of $7.67 billion, a P/E ratio of 24.14 and a beta of 1.57.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.14. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. Abercrombie & Fitch had a return on equity of 38.80% and a net margin of 7.67%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 EPS. As a group, sell-side analysts predict that Abercrombie & Fitch will post 7.69 EPS for the current fiscal year.

Insider Transactions at Abercrombie & Fitch

In other news, insider Kristin A. Scott sold 120,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $126.15, for a total transaction of $15,138,000.00. Following the completion of the transaction, the insider now directly owns 38,208 shares in the company, valued at approximately $4,819,939.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $110.61, for a total value of $44,244,000.00. Following the completion of the sale, the chief executive officer now directly owns 525,520 shares in the company, valued at approximately $58,127,767.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kristin A. Scott sold 120,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $126.15, for a total transaction of $15,138,000.00. Following the completion of the transaction, the insider now directly owns 38,208 shares in the company, valued at $4,819,939.20. The disclosure for this sale can be found here. Insiders sold a total of 558,786 shares of company stock worth $64,340,812 in the last three months. Insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in Abercrombie & Fitch by 0.4% in the 4th quarter. Franklin Resources Inc. now owns 25,435 shares of the apparel retailer’s stock valued at $2,244,000 after acquiring an additional 93 shares during the period. Spire Wealth Management raised its holdings in Abercrombie & Fitch by 51.4% in the 1st quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock valued at $39,000 after acquiring an additional 107 shares during the period. National Bank of Canada FI raised its holdings in Abercrombie & Fitch by 1.6% in the 4th quarter. National Bank of Canada FI now owns 8,587 shares of the apparel retailer’s stock valued at $780,000 after acquiring an additional 132 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of Abercrombie & Fitch by 36.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock worth $46,000 after purchasing an additional 220 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Abercrombie & Fitch by 0.3% during the first quarter. Swiss National Bank now owns 99,500 shares of the apparel retailer’s stock worth $12,470,000 after purchasing an additional 300 shares during the period.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.