Abercrombie & Fitch (NYSE:ANF) Downgraded by Wall Street Zen to Hold

Abercrombie & Fitch (NYSE:ANF) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Several other research firms also recently issued reports on ANF. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $135.00 in a report on Wednesday, January 21st. Morgan Stanley lifted their target price on Abercrombie & Fitch from $78.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. Zacks Research raised Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Barclays cut their price target on shares of Abercrombie & Fitch from $115.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, The Goldman Sachs Group assumed coverage on shares of Abercrombie & Fitch in a research report on Thursday, December 11th. They set a “buy” rating and a $120.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.80.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $84.75 on Friday. Abercrombie & Fitch has a fifty-two week low of $65.40 and a fifty-two week high of $133.11. The company has a 50 day moving average price of $103.09 and a 200 day moving average price of $93.27. The stock has a market capitalization of $3.89 billion, a P/E ratio of 8.04 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, March 4th. The apparel retailer reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.56 by $0.12. Abercrombie & Fitch had a return on equity of 36.36% and a net margin of 9.63%.The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the company earned $3.57 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. 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. Research analysts forecast that Abercrombie & Fitch will post 10.62 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Fran Horowitz sold 103,200 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $98.53, for a total transaction of $10,168,296.00. Following the completion of the transaction, the chief executive officer directly owned 605,303 shares of the company’s stock, valued at approximately $59,640,504.59. The trade was a 14.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 350,000 shares of company stock valued at $34,661,358. Company insiders own 2.29% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Abercrombie & Fitch by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,517 shares of the apparel retailer’s stock worth $2,254,000 after acquiring an additional 892 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Abercrombie & Fitch by 521.1% in the first quarter. Jones Financial Companies Lllp now owns 1,000 shares of the apparel retailer’s stock valued at $76,000 after purchasing an additional 839 shares in the last quarter. United Services Automobile Association purchased a new position in Abercrombie & Fitch in the first quarter valued at approximately $261,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Abercrombie & Fitch by 8.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 127,389 shares of the apparel retailer’s stock worth $9,729,000 after purchasing an additional 10,459 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in Abercrombie & Fitch during the second quarter worth approximately $348,000.

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.