Needham & Company LLC Initiates Coverage on Abercrombie & Fitch (NYSE:ANF)

Investment analysts at Needham & Company LLC started coverage on shares of Abercrombie & Fitch (NYSE:ANF) in a research report issued on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $108.00 price target on the apparel retailer’s stock. Needham & Company LLC’s price target suggests a potential upside of 21.07% from the company’s current price.

ANF has been the subject of a number of other reports. Jefferies Financial Group lowered their price target on Abercrombie & Fitch from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. The Goldman Sachs Group initiated coverage on Abercrombie & Fitch in a research note on Thursday, December 11th. They set a “buy” rating and a $120.00 price objective on the stock. Wall Street Zen lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Morgan Stanley increased 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, November 26th. Finally, BTIG Research reissued a “buy” rating and set a $120.00 price target on shares of Abercrombie & Fitch in a research report on Thursday, March 5th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and a consensus target price of $117.82.

Abercrombie & Fitch Stock Performance

Shares of NYSE ANF opened at $89.21 on Thursday. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 8.46 and a beta of 1.17. Abercrombie & Fitch has a fifty-two week low of $65.40 and a fifty-two week high of $133.11. The firm’s 50-day simple moving average is $93.45 and its 200 day simple moving average is $92.47.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, March 4th. The apparel retailer reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.56 by $0.12. Abercrombie & Fitch had a return on equity of 36.36% and a net margin of 9.63%.The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the company posted $3.57 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Abercrombie & Fitch has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 10.200-11.000 EPS. On average, sell-side analysts predict that Abercrombie & Fitch will post 10.62 EPS for the current year.

Insiders Place Their Bets

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 103,200 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $98.53, for a total transaction of $10,168,296.00. Following the sale, the chief executive officer owned 605,303 shares of the company’s stock, valued at $59,640,504.59. The trade was a 14.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 350,000 shares of company stock valued at $34,661,358. 2.29% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Bbfit Investments PTE Ltd. bought a new position in shares of Abercrombie & Fitch in the fourth quarter worth approximately $205,539,000. Wellington Management Group LLP boosted its position in Abercrombie & Fitch by 5,749.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock valued at $102,148,000 after buying an additional 1,173,601 shares during the period. Valeo Financial Advisors LLC grew its holdings in Abercrombie & Fitch by 10,469.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock worth $82,278,000 after acquiring an additional 983,705 shares during the last quarter. AQR Capital Management LLC grew its holdings in Abercrombie & Fitch by 56.0% in the 4th quarter. AQR Capital Management LLC now owns 2,504,240 shares of the apparel retailer’s stock worth $315,209,000 after acquiring an additional 898,884 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Abercrombie & Fitch in the fourth quarter valued at about $98,961,000.

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.