Citigroup Lowers Abercrombie & Fitch (NYSE:ANF) Price Target to $79.00

Abercrombie & Fitch (NYSE:ANF) had its price objective lowered by Citigroup from $105.00 to $79.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the apparel retailer’s stock. Citigroup’s price target would suggest a potential upside of 17.18% from the stock’s current price.

A number of other analysts have also recently issued reports on the company. Raymond James Financial set a $105.00 price objective on Abercrombie & Fitch and gave the company an “outperform” rating in a research report on Thursday, August 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. BTIG Research assumed coverage on shares of Abercrombie & Fitch in a research report on Thursday, September 18th. They issued a “buy” rating and a $120.00 price target on the stock. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Friday, September 12th. Finally, Zacks Research cut shares of Abercrombie & Fitch from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Hold” and an average price target of $107.00.

Abercrombie & Fitch Stock Performance

Shares of NYSE:ANF traded down $2.73 during mid-day trading on Tuesday, hitting $67.42. The stock had a trading volume of 839,619 shares, compared to its average volume of 2,328,294. The company’s 50 day moving average is $82.74 and its 200-day moving average is $83.80. Abercrombie & Fitch has a 12-month low of $65.40 and a 12-month high of $164.80. The company has a market cap of $3.17 billion, a PE ratio of 6.38 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $2.50 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. On average, equities research analysts predict that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Insider Activity

In other Abercrombie & Fitch news, EVP Jay Rust sold 1,500 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $93.15, for a total value of $139,725.00. Following the sale, the executive vice president directly owned 6,648 shares in the company, valued at approximately $619,261.20. This trade represents a 18.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James A. Goldman sold 5,072 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $96.18, for a total transaction of $487,824.96. Following the completion of the transaction, the director directly owned 7,565 shares of the company’s stock, valued at $727,601.70. This trade represents a 40.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,964 shares of company stock valued at $759,233 in the last ninety days. 2.29% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANF. NewEdge Advisors LLC lifted its holdings in shares of Abercrombie & Fitch by 181.6% during the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 227 shares in the last quarter. Blue Trust Inc. bought a new position in Abercrombie & Fitch in the third quarter valued at approximately $38,000. Ameritas Advisory Services LLC acquired a new position in shares of Abercrombie & Fitch in the second quarter valued at approximately $38,000. EverSource Wealth Advisors LLC increased its position in shares of Abercrombie & Fitch by 392.4% during the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer’s stock worth $59,000 after acquiring an additional 569 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Abercrombie & Fitch by 178.6% during the second quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer’s stock worth $68,000 after acquiring an additional 527 shares during the period.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.