Abercrombie & Fitch’s (ANF) Outperform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Abercrombie & Fitch (NYSE:ANF) in a report published on Wednesday morning,Benzinga reports. They currently have a $125.00 target price on the apparel retailer’s stock.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley boosted their price objective on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, May 29th. Citigroup reiterated a “neutral” rating and issued a $105.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, August 20th. Raymond James Financial cut their price objective on Abercrombie & Fitch from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, May 27th. UBS Group reiterated a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Finally, Jefferies Financial Group cut their price objective on Abercrombie & Fitch from $170.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, May 21st. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.75.

Abercrombie & Fitch Stock Performance

NYSE ANF opened at $95.66 on Wednesday. The stock’s fifty day moving average is $92.38 and its two-hundred day moving average is $85.21. The firm has a market capitalization of $4.56 billion, a P/E ratio of 9.42 and a beta of 1.54. Abercrombie & Fitch has a fifty-two week low of $65.40 and a fifty-two week high of $167.71.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company posted $2.50 earnings per share. The firm’s revenue for the quarter 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. As a group, sell-side analysts forecast that Abercrombie & Fitch will post 10.62 EPS for the current year.

Institutional Trading of Abercrombie & Fitch

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its stake in 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 acquiring an additional 227 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $38,000. UMB Bank n.a. lifted its holdings in shares of Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer’s stock valued at $45,000 after buying an additional 360 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer’s stock valued at $56,000 after buying an additional 260 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Abercrombie & Fitch by 392.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer’s stock valued at $59,000 after buying an additional 569 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.