Abercrombie & Fitch (NYSE:ANF) Hits New 12-Month High – Still a Buy?

Abercrombie & Fitch Company (NYSE:ANF) hit a new 52-week high on Thursday. The company traded as high as $155.46 and last traded at $156.1540, with a volume of 419,926 shares. The stock had previously closed at $149.74.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ANF shares. Weiss Ratings downgraded Abercrombie & Fitch from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. Raymond James Financial reissued a “market perform” rating on shares of Abercrombie & Fitch in a report on Tuesday, August 18th. Barclays upped their price objective on shares of Abercrombie & Fitch from $114.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 27th. Zacks Research raised shares of Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 28th. Finally, Argus upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a research report on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.38.

Abercrombie & Fitch Price Performance

The company has a 50 day simple moving average of $132.64 and a 200-day simple moving average of $103.91. The stock has a market cap of $6.47 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 EPS for the quarter, beating the consensus estimate of $1.99 by $2.18. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. Abercrombie & Fitch had a return on equity of 33.52% and a net margin of 10.03%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.91 EPS. 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. As a group, research analysts expect that Abercrombie & Fitch Company will post 11.42 earnings per share for the current year.

Insider Transactions at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Kenneth Robinson sold 800 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,073,127.61. This represents a 10.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jay Rust sold 5,000 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $147.50, for a total transaction of $737,500.00. Following the transaction, the executive vice president owned 15,651 shares in the company, valued at $2,308,522.50. The trade was a 24.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 72,800 shares of company stock worth $9,595,392. 2.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc grew its holdings in shares of Abercrombie & Fitch by 29.8% during the 2nd quarter. Versant Capital Management Inc now owns 610 shares of the apparel retailer’s stock valued at $55,000 after purchasing an additional 140 shares during the last quarter. Parallel Advisors LLC grew its position in Abercrombie & Fitch by 46.7% during the 1st quarter. Parallel Advisors LLC now owns 788 shares of the apparel retailer’s stock worth $72,000 after acquiring an additional 251 shares during the last quarter. CoreCap Advisors LLC grew its position in Abercrombie & Fitch by 304.2% during the 3rd quarter. CoreCap Advisors LLC now owns 384 shares of the apparel retailer’s stock worth $52,000 after acquiring an additional 289 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Abercrombie & Fitch by 6.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,069 shares of the apparel retailer’s stock worth $463,000 after purchasing an additional 305 shares during the period. Finally, Timbuktu Capital Management LLC purchased a new position in Abercrombie & Fitch in the 2nd quarter worth approximately $29,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co is a global specialty retailer of apparel, accessories and personal-care products. The company operates a portfolio of lifestyle brands, including Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, serving customers across a range of age groups and fashion preferences.

Its product offerings include casual clothing, denim, dresses, intimates, sleepwear, activewear, swimwear, footwear, accessories and fragrances. The company sells its merchandise through branded retail stores, e-commerce websites and other digital channels, with operations serving customers in North America, Europe, Asia and other international markets.

Founded in 1892 as a sporting-goods store in New York City, Abercrombie & Fitch evolved into a lifestyle apparel retailer and has expanded its brand portfolio over time.