Abercrombie & Fitch (NYSE:ANF) Hits New 1-Year High – Here’s What Happened

Abercrombie & Fitch Company (NYSE:ANF)’s share price hit a new 52-week high on Wednesday . The company traded as high as $155.22 and last traded at $154.5140, with a volume of 64977 shares. The stock had previously closed at $151.43.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ANF. Barclays raised their price target on Abercrombie & Fitch from $114.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, August 27th. Jefferies Financial Group set a $175.00 target price on Abercrombie & Fitch in a research report on Wednesday, August 26th. UBS Group raised their target price on Abercrombie & Fitch from $153.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Citigroup downgraded shares of Abercrombie & Fitch from a “buy” rating to a “neutral” rating and boosted their price target for the company from $135.00 to $156.00 in a report on Thursday, August 27th. Finally, Weiss Ratings upgraded shares of Abercrombie & Fitch from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $155.38.

Abercrombie & Fitch Trading Up 1.0%

The firm has a 50-day moving average price of $109.93 and a 200-day moving average price of $94.89. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 1.31 and a beta of 0.97.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share for the quarter, beating the consensus estimate of $1.99 by $2.18. Abercrombie & Fitch had a return on equity of 33.52% and a net margin of 10.03%.The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the firm posted $2.91 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. 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. Equities research analysts predict that Abercrombie & Fitch Company will post 11.4 EPS for the current fiscal year.

Insider Activity

In other news, Director Kenneth B. Robinson sold 800 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $149.69, for a total value of $119,752.00. Following the completion of the sale, the director owned 7,169 shares in the company, valued at $1,073,127.61. This represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Gregory J. Henchel sold 30,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $146.65, for a total value of $4,399,500.00. Following the completion of the sale, the executive vice president directly owned 33,681 shares of the company’s stock, valued at approximately $4,939,318.65. This trade represents a 47.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 70,800 shares of company stock valued at $9,301,752. 2.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Abercrombie & Fitch by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,517 shares of the apparel retailer’s stock valued at $2,254,000 after purchasing an additional 892 shares during the period. Jones Financial Companies Lllp increased its stake in Abercrombie & Fitch by 521.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the apparel retailer’s stock valued at $76,000 after buying an additional 839 shares during the period. United Services Automobile Association purchased a new stake in Abercrombie & Fitch in the 1st quarter worth approximately $261,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Abercrombie & Fitch by 8.9% in the 1st 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 buying an additional 10,459 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at $348,000.

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.