Abercrombie & Fitch (NYSE:ANF) Shares Gap Down – Here’s What Happened

Shares of Abercrombie & Fitch Company (NYSE:ANF) gapped down prior to trading on Monday . The stock had previously closed at $124.87, but opened at $103.00. Abercrombie & Fitch shares last traded at $100.3920, with a volume of 1,640,605 shares.

Key Abercrombie & Fitch News

Here are the key news stories impacting Abercrombie & Fitch this week:

• Positive Sentiment: Company said quarter‑to‑date net sales through December were record‑level and aligned with expectations, showing continued consumer demand at the top line. Abercrombie Fitch Outlook Update
• Positive Sentiment: Analyst commentary argues that, despite the market’s knee‑jerk reaction, fundamentals for premium apparel retailers (like ANF) remain intact — suggesting the selloff may be an overreaction. Retail Picture: What Abercrombie & Birkenstock EPS Suggest
• Neutral Sentiment: Management said both Hollister and Abercrombie segments delivered strong holiday sales — a sign that category/brand mix continues to perform unevenly across the portfolio. WSJ: Abercrombie Narrows Guidance
• Negative Sentiment: Management tempered its annual net‑sales growth forecast for fiscal 2025, lowering expectations for full‑year revenue growth — the primary driver of today’s negative reaction. Reuters: Abercrombie tempers sales growth forecast
• Negative Sentiment: Company narrowed its quarterly sales and earnings guidance and adjusted its outlook — investors expected a clearer upbeat outlook after recent results, so the guidance tightening pushed shares lower. Barron’s: Guidance Narrowing
• Negative Sentiment: Multiple market reports summarize investor reaction and explain the sharp intraday drop: the holiday update and outlook tweak were seen as disappointing, prompting the selloff and higher volume. Benzinga: What’s Driving Weakness

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Abercrombie & Fitch from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on Abercrombie & Fitch from $92.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. BTIG Research cut their price objective on Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Wall Street Zen cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Citigroup increased their price target on Abercrombie & Fitch from $79.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $118.20.

Abercrombie & Fitch Stock Down 17.8%

The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 9.84 and a beta of 1.17. The business has a 50-day moving average of $100.02 and a two-hundred day moving average of $92.29.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.22. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $2.50 EPS. Equities analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP increased its position in Abercrombie & Fitch by 5,749.6% in the third quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock worth $102,148,000 after purchasing an additional 1,173,601 shares during the period. Valeo Financial Advisors LLC grew its position in shares of Abercrombie & Fitch by 10,469.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock worth $82,278,000 after buying an additional 983,705 shares during the period. Brandywine Global Investment Management LLC bought a new stake in shares of Abercrombie & Fitch during the second quarter worth approximately $61,643,000. Norges Bank bought a new stake in shares of Abercrombie & Fitch during the second quarter worth approximately $61,584,000. Finally, Boston Partners lifted its holdings in Abercrombie & Fitch by 102.5% in the third quarter. Boston Partners now owns 1,094,023 shares of the apparel retailer’s stock valued at $92,940,000 after buying an additional 553,889 shares during the period.

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.