Abercrombie & Fitch (NYSE:ANF) Given New $125.00 Price Target at Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF - Get Free Report) had its price objective lowered by stock analysts at Telsey Advisory Group from $190.00 to $125.00 in a report issued on Thursday, Marketbeat.com reports. The brokerage presently has an "outperform" rating on the apparel retailer's stock. Telsey Advisory Group's price objective points to a potential upside of 59.93% from the stock's previous close. Telsey Advisory Group also issued estimates for Abercrombie & Fitch's Q3 2026 earnings at $3.01 EPS, Q4 2026 earnings at $4.35 EPS, FY2026 earnings at $11.35 EPS and FY2027 earnings at $12.07 EPS.

A number of other analysts have also issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. StockNews.com raised Abercrombie & Fitch from a "hold" rating to a "buy" rating in a report on Saturday, March 1st. Raymond James dropped their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday, January 14th. UBS Group upgraded shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Abercrombie & Fitch from $189.00 to $168.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.88.

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Abercrombie & Fitch Trading Down 9.1 %

NYSE ANF traded down $7.87 during trading hours on Thursday, reaching $78.16. The company's stock had a trading volume of 2,774,352 shares, compared to its average volume of 1,806,755. Abercrombie & Fitch has a 52 week low of $77.21 and a 52 week high of $196.99. The business has a 50-day simple moving average of $119.47 and a 200 day simple moving average of $135.94. The stock has a market cap of $3.94 billion, a PE ratio of 7.73 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, topping analysts' consensus estimates of $3.48 by $0.09. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the firm earned $2.97 EPS. Abercrombie & Fitch's revenue was up 9.1% on a year-over-year basis. As a group, equities analysts predict that Abercrombie & Fitch will post 10.62 EPS for the current year.

Abercrombie & Fitch declared that its board has authorized a stock repurchase program on Wednesday, March 5th that permits the company to buyback $1.30 billion in outstanding shares. This buyback authorization permits the apparel retailer to purchase up to 29.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE grew its holdings in Abercrombie & Fitch by 62.2% during the 3rd quarter. US Bancorp DE now owns 1,476 shares of the apparel retailer's stock valued at $206,000 after buying an additional 566 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock valued at $38,000 after purchasing an additional 123 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Abercrombie & Fitch by 18.7% in the third quarter. Janney Montgomery Scott LLC now owns 11,619 shares of the apparel retailer's stock worth $1,625,000 after purchasing an additional 1,831 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Abercrombie & Fitch by 233.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 88,291 shares of the apparel retailer's stock worth $12,352,000 after acquiring an additional 61,798 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in Abercrombie & Fitch by 1,718.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 8,929 shares of the apparel retailer's stock valued at $1,249,000 after purchasing an additional 8,438 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.