Abercrombie & Fitch (NYSE:ANF) Now Covered by Needham & Company LLC

Needham & Company LLC assumed coverage on shares of Abercrombie & Fitch (NYSE:ANF) in a research report released on Thursday, MarketBeat reports. The firm issued a buy rating and a $108.00 price objective on the apparel retailer’s stock.

Several other brokerages also recently issued reports on ANF. JPMorgan Chase & Co. raised their price target on Abercrombie & Fitch from $102.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $135.00 in a research report on Wednesday, January 21st. Jefferies Financial Group lowered their target price 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. Telsey Advisory Group restated an “outperform” rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, March 4th. Finally, Morgan Stanley upped their price objective on Abercrombie & Fitch from $78.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and an average price target of $117.82.

Abercrombie & Fitch Stock Up 1.4%

Shares of ANF stock opened at $89.78 on Thursday. Abercrombie & Fitch has a 12-month low of $65.40 and a 12-month high of $133.11. The firm has a fifty day moving average of $93.75 and a 200-day moving average of $92.51. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 8.52 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, March 4th. The apparel retailer reported $3.68 EPS for the quarter, beating the consensus estimate of $3.56 by $0.12. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Abercrombie & Fitch had a return on equity of 36.36% and a net margin of 9.63%.The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.57 EPS. 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. On average, equities analysts expect that Abercrombie & Fitch will post 10.62 EPS for the current year.

Insider Activity

In other news, CEO Fran Horowitz sold 103,200 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $98.53, for a total value of $10,168,296.00. Following the sale, the chief executive officer directly owned 605,303 shares in the company, valued at approximately $59,640,504.59. This trade represents a 14.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, 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

Several institutional investors have recently modified their holdings of ANF. Vanguard Group Inc. grew its holdings in Abercrombie & Fitch by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 4,781,446 shares of the apparel retailer’s stock worth $601,841,000 after acquiring an additional 94,697 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Abercrombie & Fitch by 56.0% during the fourth quarter. AQR Capital Management LLC now owns 2,504,240 shares of the apparel retailer’s stock valued at $315,209,000 after acquiring an additional 898,884 shares during the last quarter. Bbfit Investments PTE Ltd. acquired a new position in shares of Abercrombie & Fitch during the fourth quarter worth $205,539,000. Wellington Management Group LLP grew its stake in shares of Abercrombie & Fitch by 5,749.6% in the third quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock worth $102,148,000 after purchasing an additional 1,173,601 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Abercrombie & Fitch by 41.2% in the third quarter. American Century Companies Inc. now owns 1,176,990 shares of the apparel retailer’s stock valued at $100,691,000 after buying an additional 343,288 shares during the period.

Abercrombie & Fitch Company Profile

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.