Morgan Stanley Issues Positive Forecast for Abercrombie & Fitch (NYSE:ANF) Stock Price

Abercrombie & Fitch (NYSE:ANF) had its target price upped by Morgan Stanley from $87.00 to $134.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the apparel retailer’s stock. Morgan Stanley’s price objective would suggest a potential downside of 9.73% from the company’s current price.

ANF has been the subject of a number of other research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $124.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, August 12th. Telsey Advisory Group lifted their price objective on shares of Abercrombie & Fitch from $118.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays set a $155.00 price objective on shares of Abercrombie & Fitch in a research report on Thursday. Citigroup cut Abercrombie & Fitch from a “buy” rating to a “neutral” rating and set a $156.00 target price for the company. in a research note on Thursday. Finally, Needham & Company LLC raised their target price on Abercrombie & Fitch from $108.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of “Hold” and a consensus price target of $147.27.

Abercrombie & Fitch Stock Up 36.3%

ANF stock opened at $148.44 on Thursday. Abercrombie & Fitch has a 52 week low of $65.45 and a 52 week high of $154.58. The business has a 50-day simple moving average of $99.62 and a 200 day simple moving average of $91.60. The company has a market cap of $6.60 billion, a PE ratio of 14.25 and a beta of 0.90.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $2.18. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. Abercrombie & Fitch had a net margin of 9.34% and a return on equity of 34.36%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.91 earnings per share. Abercrombie & Fitch has set its Q3 2026 guidance at 2.900-3.200 EPS and its FY 2026 guidance at 13.100-13.600 EPS. On average, analysts anticipate that Abercrombie & Fitch will post 10.65 EPS for the current fiscal year.

Insider Activity at Abercrombie & Fitch

In other news, COO Scott D. Lipesky sold 10,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $115.00, for a total value of $1,150,000.00. Following the completion of the transaction, the chief operating officer directly owned 152,534 shares in the company, valued at approximately $17,541,410. This represents a 6.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 30,000 shares of company stock valued at $3,300,000. 2.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently bought and sold shares of the company. Timbuktu Capital Management LLC bought a new position in Abercrombie & Fitch in the second quarter valued at about $29,000. NewEdge Advisors LLC boosted its stake in shares of Abercrombie & Fitch by 181.6% during the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 227 shares in the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Abercrombie & Fitch by 322.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 190 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Abercrombie & Fitch by 120.3% during the fourth quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 148 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Abercrombie & Fitch by 94.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer’s stock valued at $44,000 after buying an additional 170 shares during the period.

More Abercrombie & Fitch News

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

• Positive Sentiment: Major earnings beat: Abercrombie reported adjusted earnings of $4.17 per share, well above the $1.99 analyst consensus, while revenue rose 4.8% year over year to $1.27 billion and exceeded estimates. Abercrombie & Fitch earnings report
• Positive Sentiment: Higher guidance: Management raised fiscal 2026 EPS guidance to $13.10-$13.60, compared with the prior Wall Street estimate of about $10.40, and projected third-quarter EPS of $2.90-$3.20 versus consensus of $2.80. Full-year sales expectations were also increased, reflecting resilient demand for its brands. Reuters guidance report
• Positive Sentiment: Cost benefit and capital returns: A roughly $100 million tariff refund significantly boosted quarterly profitability, with another $20 million expected in the third quarter. Reports also indicate the company raised its buyback target, adding potential support for per-share earnings. Seeking Alpha earnings and buyback report
• Positive Sentiment: Analyst confidence: Needham raised its price target to $165 and assigned a Buy rating, while BTIG lifted its target to $175 and also rated the stock Buy.
• Neutral Sentiment: Quality of earnings remains under scrutiny: The tariff refund is a sizable, potentially nonrecurring contributor, so investors will focus on underlying sales, margins and brand momentum in future quarters. Benzinga tariff refund analysis
• Negative Sentiment: International weakness: Management cited softer international markets, a risk that could limit sales growth despite improving demand in other regions.

About Abercrombie & Fitch

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.