Abercrombie & Fitch Company (NYSE:ANF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Abercrombie & Fitch Company (NYSE:ANF) have earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $112.75.

Several equities research analysts recently commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday. Barclays set a $84.00 price objective on shares of Abercrombie & Fitch and gave the stock an “equal weight” rating in a research report on Thursday, May 29th. UBS Group reiterated a “buy” rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Jefferies Financial Group dropped their price objective on Abercrombie & Fitch from $170.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, May 21st. Finally, Citigroup reiterated a “neutral” rating and set a $105.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th.

Hedge Funds Weigh In On Abercrombie & Fitch

Large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. lifted its position in Abercrombie & Fitch by 197.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,647 shares of the apparel retailer’s stock worth $1,119,000 after buying an additional 9,719 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Abercrombie & Fitch by 11.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,013 shares of the apparel retailer’s stock worth $536,000 after buying an additional 698 shares during the period. GAMMA Investing LLC lifted its position in Abercrombie & Fitch by 81.5% during the first quarter. GAMMA Investing LLC now owns 1,917 shares of the apparel retailer’s stock worth $146,000 after buying an additional 861 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Abercrombie & Fitch during the first quarter valued at about $144,000. Finally, LPL Financial LLC grew its position in Abercrombie & Fitch by 99.3% during the first quarter. LPL Financial LLC now owns 31,114 shares of the apparel retailer’s stock valued at $2,376,000 after acquiring an additional 15,500 shares during the period.

Abercrombie & Fitch Stock Down 1.1%

Shares of ANF opened at $95.66 on Thursday. The company has a 50-day simple moving average of $92.38 and a 200-day simple moving average of $85.21. The company has a market capitalization of $4.56 billion, a PE ratio of 9.42 and a beta of 1.54. Abercrombie & Fitch has a 52-week low of $65.40 and a 52-week high of $167.71.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly 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 net margin of 10.60% and a return on equity of 42.32%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $2.50 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. 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, research analysts anticipate that Abercrombie & Fitch will post 10.62 EPS for the current year.

Abercrombie & Fitch Company Profile

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.