Telsey Advisory Group Lowers Abercrombie & Fitch (NYSE:ANF) Price Target to $125.00

Abercrombie & Fitch (NYSE:ANF) had its price target cut by equities research analysts at Telsey Advisory Group from $190.00 to $125.00 in a research note issued to investors on Thursday, Marketbeat reports. The firm presently has an “outperform” rating on the apparel retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 45.08% from the company’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.

Several other research analysts also recently weighed in on the company. UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their price target for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Saturday, March 1st. Raymond James reduced their price target on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price objective on shares of Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Morgan Stanley reduced their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average target price of $147.75.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $86.16 on Thursday. Abercrombie & Fitch has a 1 year low of $79.77 and a 1 year high of $196.99. The firm has a fifty day moving average price of $122.35 and a 200-day moving average price of $137.56. The stock has a market cap of $4.34 billion, a PE ratio of 8.52 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.48 by $0.09. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $2.97 earnings per share. On average, research analysts expect that Abercrombie & Fitch will post 10.62 EPS for the current year.

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

Institutional Investors Weigh In On Abercrombie & Fitch

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Abercrombie & Fitch by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,755,692 shares of the apparel retailer’s stock valued at $860,303,000 after purchasing an additional 53,999 shares during the last quarter. Invesco Ltd. raised its stake in shares of Abercrombie & Fitch by 150.7% in the fourth quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer’s stock valued at $221,910,000 after acquiring an additional 892,492 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Abercrombie & Fitch by 20.8% in the 4th quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer’s stock worth $183,829,000 after acquiring an additional 212,155 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Abercrombie & Fitch by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer’s stock worth $171,815,000 after purchasing an additional 63,157 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Abercrombie & Fitch by 12.6% during the 4th quarter. Marshall Wace LLP now owns 1,037,773 shares of the apparel retailer’s stock worth $155,116,000 after purchasing an additional 115,758 shares during the period.

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.