Abercrombie & Fitch (NYSE:ANF) Coverage Initiated at Needham & Company LLC

Investment analysts at Needham & Company LLC began coverage on shares of Abercrombie & Fitch (NYSE:ANF) in a research note issued on Thursday,Benzinga reports. The brokerage set a “buy” rating and a $108.00 price target on the apparel retailer’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 22.07% from the company’s previous close.

Several other brokerages have also recently weighed in on ANF. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $135.00 in a report on Wednesday, January 21st. Wall Street Zen cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Morgan Stanley lifted their price objective on Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. Jefferies Financial Group lowered their price objective on Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Finally, The Goldman Sachs Group started coverage on Abercrombie & Fitch in a research note on Thursday, December 11th. They issued a “buy” rating and a $120.00 target price for the company. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $117.82.

Abercrombie & Fitch Stock Down 0.4%

Shares of NYSE ANF opened at $88.48 on Thursday. The firm has a 50-day simple moving average of $94.11 and a 200-day simple moving average of $92.53. The stock has a market capitalization of $4.06 billion, a price-to-earnings 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 posted its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.12. Abercrombie & Fitch had a net margin of 9.63% and a return on equity of 36.36%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the business posted $3.57 earnings per share. Abercrombie & Fitch’s quarterly revenue was up 5.4% on a year-over-year basis. 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, equities research analysts expect that Abercrombie & Fitch will post 10.62 EPS for the current year.

Insider Buying and Selling

In related news, CEO Fran Horowitz sold 103,200 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $98.53, for a total value of $10,168,296.00. Following the completion of the transaction, the chief executive officer directly owned 605,303 shares in the company, valued at approximately $59,640,504.59. This represents a 14.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 350,000 shares of company stock valued at $34,661,358 in the last 90 days. Corporate insiders own 2.29% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC lifted its stake in shares of Abercrombie & Fitch by 322.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 190 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Abercrombie & Fitch by 120.3% during the 4th quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 148 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Abercrombie & Fitch in the 4th quarter valued at about $44,000. Nomura Asset Management Co. Ltd. raised its holdings in Abercrombie & Fitch by 94.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer’s stock valued at $44,000 after buying an additional 170 shares during the period. Finally, NewEdge Advisors LLC lifted its position in Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 227 shares during the last quarter.

About Abercrombie & Fitch

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.