Abercrombie & Fitch (NYSE:ANF) Trading Up 4.7% Following Analyst Upgrade

Abercrombie & Fitch Company (NYSE:ANF - Get Free Report)'s share price traded up 4.7% on Monday after Barclays raised their price target on the stock from $84.00 to $94.00. Barclays currently has an equal weight rating on the stock. Abercrombie & Fitch traded as high as $102.41 and last traded at $102.5040. 1,035,700 shares were traded during mid-day trading, a decline of 56% from the average session volume of 2,329,855 shares. The stock had previously closed at $97.87.

• Why the American Eagle Stock Rally Isn't Just Speculation

Several other equities analysts have also recently weighed in on the company. Raymond James Financial set a $105.00 price objective on Abercrombie & Fitch and gave the company an "outperform" rating in a report on Thursday, August 28th. Telsey Advisory Group restated an "outperform" rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research report on Tuesday, November 25th. Citigroup upped their price objective on shares of Abercrombie & Fitch from $79.00 to $90.00 and gave the stock a "neutral" rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Abercrombie & Fitch from $92.00 to $109.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 26th. Finally, Morgan Stanley raised their target price on shares of Abercrombie & Fitch from $78.00 to $95.00 and gave the company an "equal weight" rating in a report on Wednesday. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of "Hold" and an average price target of $107.33.

Read Our Latest Analysis on Abercrombie & Fitch

Insiders Place Their Bets

• Buffett’s $150B Bond Move: What It Really Means for Investors

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,392 shares of Abercrombie & Fitch stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $94.60, for a total value of $131,683.20. Following the transaction, the director owned 5,880 shares in the company, valued at $556,248. The trade was a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.29% of the stock is owned by company insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of hedge funds have recently made changes to their positions in ANF. Cantor Fitzgerald L. P. increased its holdings in Abercrombie & Fitch by 10.6% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 25,191 shares of the apparel retailer's stock worth $2,155,000 after purchasing an additional 2,418 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Abercrombie & Fitch during the third quarter valued at about $430,000. Centaurus Financial Inc. bought a new stake in shares of Abercrombie & Fitch during the third quarter worth about $111,000. Coldstream Capital Management Inc. acquired a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $213,000. Finally, Danske Bank A S acquired a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $644,000.

Abercrombie & Fitch Stock Performance

• Lower Rates, Higher Returns: Key Stocks to Watch Now

The business's fifty day moving average is $76.10 and its 200-day moving average is $84.10. The firm has a market cap of $4.82 billion, a P/E ratio of 9.69 and a beta of 1.44.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Tuesday, November 25th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.22. The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.28 billion. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The company's revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.50 EPS. Abercrombie & Fitch has set its Q4 2025 guidance at 3.400-3.70 EPS. FY 2025 guidance at 10.200-10.500 EPS. Analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

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.

Featured Stories

• Five stocks we like better than Abercrombie & Fitch
• Health Care Stocks Explained: Why You Might Want to Invest
• 5 Healthcare Names to Watch as Sector Rotation Is in Full Swing
• How to Know if a Stock Pays Dividends and When They Are Paid Out
• NuScale's Shocking Q3 Was a Bullish Signal in Disguise
• Conference Calls and Individual Investors
• Is Netflix Making a Calculated Play for the Dow Jones?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Abercrombie & Fitch Right Now?

Before you consider Abercrombie & Fitch, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Abercrombie & Fitch wasn't on the list.

While Abercrombie & Fitch currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here