Abercrombie & Fitch (NYSE:ANF) Stock Gets Downgrade from Zacks Research

Abercrombie & Fitch (NYSE:ANF) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

ANF has been the subject of a number of other reports. Argus raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a research report on Monday, August 31st. Citigroup downgraded Abercrombie & Fitch from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $135.00 to $156.00 in a research note on Thursday, August 27th. Wall Street Zen raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Saturday, September 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $180.00 target price on shares of Abercrombie & Fitch in a report on Tuesday. Finally, Needham & Company LLC increased their price target on Abercrombie & Fitch from $108.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.64.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $154.24 on Monday. Abercrombie & Fitch has a 52 week low of $65.45 and a 52 week high of $172.00. The firm’s fifty day moving average is $147.85 and its 200-day moving average is $106.90. The firm has a market cap of $6.54 billion, a P/E ratio of 13.21, a P/E/G ratio of 1.34 and a beta of 1.01.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $2.18. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. Abercrombie & Fitch had a net margin of 10.03% and a return on equity of 33.52%. Abercrombie & Fitch’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.91 earnings per share. 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. As a group, sell-side analysts anticipate that Abercrombie & Fitch will post 11.42 earnings per share for the current year.

Insider Activity

In other news, COO Scott Lipesky sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $146.82, for a total value of $293,640.00. Following the completion of the transaction, the chief operating officer directly owned 145,534 shares in the company, valued at approximately $21,367,301.88. This trade represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jay Rust sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $147.50, for a total transaction of $737,500.00. Following the transaction, the executive vice president directly owned 15,651 shares of the company’s stock, valued at approximately $2,308,522.50. This represents a 24.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 42,800 shares of company stock valued at $6,295,392. Corporate insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Timbuktu Capital Management LLC purchased a new stake in shares of Abercrombie & Fitch in the second quarter worth $29,000. Silver Grove Financial Group Inc. boosted its stake in Abercrombie & Fitch by 160.7% during the third quarter. Silver Grove Financial Group Inc. now owns 219 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 135 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in Abercrombie & Fitch during the third quarter worth about $36,000. CoreCap Advisors LLC grew its position in Abercrombie & Fitch by 304.2% during the third quarter. CoreCap Advisors LLC now owns 384 shares of the apparel retailer’s stock worth $52,000 after buying an additional 289 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Abercrombie & Fitch by 29.8% in the 2nd quarter. Versant Capital Management Inc now owns 610 shares of the apparel retailer’s stock worth $55,000 after acquiring an additional 140 shares during the last quarter.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co. is a global specialty retailer of apparel and accessories. Its portfolio includes Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, with products for women, men and children that include clothing, footwear, accessories and personal-care items. The company sells through retail stores and digital channels, serving customers in North America and international markets. It traces its origins to 1892, when David T. Abercrombie founded an outfitting business in New York; Ezra Fitch joined the company in 1900.