JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Abercrombie & Fitch (NYSE:ANF) Stock

Abercrombie & Fitch (NYSE:ANF - Get Free Report) had its price target upped by equities researchers at JPMorgan Chase & Co. from $92.00 to $109.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the apparel retailer's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 14.78% from the stock's current price.

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ANF has been the topic of a number of other reports. Jefferies Financial Group dropped their price target on shares of Abercrombie & Fitch from $130.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, November 14th. Raymond James Financial set a $105.00 price objective on shares of Abercrombie & Fitch and gave the company an "outperform" rating in a research note on Thursday, August 28th. Zacks Research cut shares of Abercrombie & Fitch from a "hold" rating to a "strong sell" rating in a research report on Monday, October 27th. Morgan Stanley boosted their target price on Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $125.00 price target on shares of Abercrombie & Fitch in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $105.00.

View Our Latest Stock Report on ANF

Abercrombie & Fitch Trading Up 5.2%

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Shares of NYSE:ANF traded up $4.73 during mid-day trading on Wednesday, hitting $94.97. 1,843,924 shares of the company traded hands, compared to its average volume of 2,322,943. The stock has a 50-day moving average price of $75.65 and a two-hundred day moving average price of $83.75. Abercrombie & Fitch has a 12-month low of $65.40 and a 12-month high of $164.80. The stock has a market cap of $4.47 billion, a P/E ratio of 8.98 and a beta of 1.44.

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

Insider Activity

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In other Abercrombie & Fitch news, EVP Jay Rust sold 1,500 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $93.15, for a total transaction of $139,725.00. Following the completion of the transaction, the executive vice president owned 6,648 shares of the company's stock, valued at $619,261.20. The trade was a 18.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James A. Goldman sold 5,072 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $96.18, for a total value of $487,824.96. Following the sale, the director owned 7,565 shares in the company, valued at approximately $727,601.70. This represents a 40.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 7,964 shares of company stock worth $759,233. 2.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

Several hedge funds have recently bought and sold shares of ANF. NewEdge Advisors LLC increased its holdings in Abercrombie & Fitch by 181.6% during the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer's stock worth $29,000 after acquiring an additional 227 shares during the period. Blue Trust Inc. purchased a new position in shares of Abercrombie & Fitch during the 3rd quarter valued at $38,000. Ameritas Advisory Services LLC bought a new position in shares of Abercrombie & Fitch in the second quarter worth $38,000. Hantz Financial Services Inc. increased its holdings in shares of Abercrombie & Fitch by 108.2% in the third quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer's stock worth $41,000 after purchasing an additional 250 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Abercrombie & Fitch by 268.0% in the third quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer's stock worth $56,000 after buying an additional 485 shares in the last quarter.

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.

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