Abercrombie & Fitch Co.
- Open
- 148.47
- Day high
- 148.74
- Day low
- 141.95
- Prev close
- 148.42
- Volume
- 2.4M
- Mkt cap
- $6.4B
- P/E (TTM)
- 12.1
- EPS (TTM)
- $11.87
- P/B
- 4.7
- P/S
- 1.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$4.3M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions accumulating (13F)
Abercrombie & Fitch Co. (ANF) is a Consumer Cyclical company listed on NYSE. The stock is up 56% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4). Drillr has 1 published research article covering ANF.
Abercrombie & Fitch Co. (ANF) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 8 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ANF earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 26, 2026 | $2.00 | $4.17 | +109.0% | $1.3B | +1.4% |
| May 27, 2026 | $1.26 | $1.47 | +16.3% | $1.1B | -0.9% |
| Mar 4, 2026 | $3.56 | $3.68 | +3.4% | $1.7B | +44.8% |
| Nov 25, 2025 | $2.18 | $2.36 | +8.3% | $1.3B | +0.7% |
| Aug 27, 2025 | $2.29 | $2.32 | +1.4% | $1.2B | -4.8% |
| May 28, 2025 | $1.41 | $1.59 | +13.1% | $1.1B | +3.0% |
| Mar 5, 2025 | $3.56 | $3.57 | +0.4% | $1.6B | +42.8% |
| Nov 26, 2024 | $2.37 | $2.50 | +5.5% | $1.2B | +1.3% |
| Aug 28, 2024 | $2.22 | $2.50 | +12.6% | $1.1B | +2.9% |
| May 29, 2024 | $1.74 | $2.14 | +23.0% | $1.0B | +5.5% |
| Mar 6, 2024 | $2.83 | $2.97 | +4.9% | $1.5B | +2.1% |
| Nov 21, 2023 | $1.18 | $1.83 | +55.1% | $1.1B | -20.6% |
ANF insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 11, 2026 | Lipesky Scott D.officer: EVP and COO | Sell | 10,000 | $115.00 |
| Aug 6, 2026 | Lipesky Scott D.officer: EVP and COO | Sell | 10,000 | $110.00 |
| Aug 4, 2026 | ANDERSON KERRII Bdirector | Grant | 91 | — |
| Aug 4, 2026 | Coulter Suzanne Mdirector | Grant | 232 | — |
| Jul 29, 2026 | Lipesky Scott D.officer: EVP and COO | Sell | 10,000 | $105.00 |
| Jul 20, 2026 | Lipesky Scott D.officer: EVP and COO | Sell | 10,000 | $100.00 |
| Jun 5, 2026 | Robinson Kenneth B.director | Grant | 2,160 | — |
| Jun 5, 2026 | Clarke Andrew Pauldirector | Grant | 2,160 | — |
| Jun 5, 2026 | TRAVIS NIGELdirector | Grant | 1,309 | — |
| Jun 5, 2026 | ANDERSON KERRII Bdirector | Option | 1,567 | — |
| Jun 5, 2026 | GOLDMAN JAMES Adirector | Option | 2,089 | — |
| Jun 5, 2026 | TRAVIS NIGELdirector | Grant | 2,160 | — |
| Jun 5, 2026 | Vaid Helendirector | Option | 2,089 | — |
| Jun 5, 2026 | ANDERSON KERRII Bdirector | Option | 2,089 | — |
| Jun 5, 2026 | McCluskey Helendirector | Option | 2,089 | — |
Source: ANF SEC Form 4 filings, latest Aug 11, 2026. For informational purposes only — not investment advice.
See the full ANF insider & 13F page →Abercrombie & Fitch Co. company profile
Overview
Abercrombie & Fitch Co. (NYSE:ANF) is a specialty apparel retailer founded in 1892 and headquartered in New Albany, Ohio. Originally established as an outdoor sporting goods company, the brand underwent significant transformation over the decades to become a lifestyle fashion retailer targeting young adults and teens. The company went public in 1996 and operates through two primary brand segments: the Abercrombie brands (including Abercrombie & Fitch and abercrombie kids) and Hollister brands (including Hollister, Gilly Hicks, and Social Tourist). After facing significant challenges in the 2010s due to changing consumer preferences and brand perception issues, Abercrombie has successfully repositioned itself as a more inclusive, lifestyle-focused retailer and has experienced remarkable financial recovery in recent years.
Business
Abercrombie & Fitch operates in the specialty apparel retail industry, which involves designing, manufacturing, and selling clothing and accessories through both physical stores and digital channels. The company's business is organized into two main segments that together generated $4.95 billion in revenue for fiscal 2024. The Abercrombie brands segment represents approximately 35% of total revenue and includes the flagship Abercrombie & Fitch brand targeting post-collegiate customers in their early-to-mid twenties, and abercrombie kids for children. This segment has undergone a significant transformation from its historical focus on logo-heavy casual wear to a more sophisticated lifestyle brand offering wedding collections, activewear through the YPB (Your Personal Best) line, and seasonal collaborations like NFL partnerships. The brand positioning emphasizes quality, fit, and versatility for young professionals transitioning into adulthood. The Hollister brands segment accounts for approximately 65% of total revenue and targets teenagers and young adults with a California-inspired casual aesthetic. This segment includes the core Hollister brand, Gilly Hicks (intimate apparel and loungewear), and Social Tourist (a social media influencer collaboration). Hollister focuses on denim, graphic tees, and casual wear with an emphasis on trend-driven fashion at accessible price points. Both segments operate through an omnichannel retail model combining physical stores with e-commerce platforms. The company operates approximately 729 retail locations across the United States, Europe, Asia, Canada, and the Middle East, while digital sales represent a significant portion of total revenue. The retail footprint has been strategically optimized over recent years, with store square footage reduced by approximately 40% while maintaining sales productivity through improved store experiences and layouts.
Revenue model
Abercrombie & Fitch generates revenue primarily through direct product sales to consumers via two channels: retail stores and e-commerce platforms. The company designs and sources apparel, accessories, and personal care products, then sells them at marked-up prices to end consumers. Digital sales have become increasingly important, representing approximately 44% of total sales as of recent reporting periods. The company's business model benefits from several margin-enhancing factors. Reduced promotional activity has been a key driver of improved profitability, with management deliberately moving away from heavy discounting strategies that previously eroded margins. The company has also benefited from product mix improvements, particularly in the Abercrombie segment where higher-priced lifestyle products and occasion wear (like wedding collections) command premium pricing. Inventory discipline allows the company to maintain lean stock levels while having the agility to chase successful products, reducing markdowns and improving full-price sell-through rates. Several factors pose risks to margins. Freight and logistics costs remain elevated and volatile, particularly affecting international operations. Raw material inflation and labor cost increases in manufacturing regions create ongoing pressure on gross margins. Foreign exchange fluctuations impact international operations, with currency headwinds affecting profitability in key markets like Europe and Asia. Competitive pressure in the fast-fashion and specialty retail space can force promotional activities that erode pricing power. Additionally, seasonal demand patterns create quarterly margin volatility, with back-to-school and holiday periods driving higher volumes but potentially requiring promotional support. The company's shift toward a more premium positioning and reduced reliance on promotions has significantly improved its margin profile, with operating margins expanding from around 4-5% in 2022 to approximately 15% in 2024, demonstrating the effectiveness of its strategic repositioning.
Competitive moat
Abercrombie & Fitch possesses a moderate but improving competitive moat primarily built around brand recognition and customer loyalty, though this moat is not particularly deep or defensible compared to luxury fashion houses or technology-enabled retailers. The company's primary competitive advantage lies in its brand equity and customer relationships, particularly among its target demographics. The Abercrombie brand has successfully repositioned itself from a controversial, exclusive image to a more inclusive lifestyle brand that resonates with post-collegiate consumers. This transformation has created genuine customer loyalty, evidenced by growing loyalty program participation and repeat purchase rates. The Hollister brand maintains strong recognition among teenagers, though this demographic is notoriously fickle and trend-driven. Operational capabilities provide some competitive advantages, including sophisticated inventory management systems that allow for lean operations and quick response to trending products. The company's omnichannel integration and store experience design create differentiation from pure-play online retailers and traditional department stores. However, the moat faces significant challenges. The apparel retail industry is highly competitive with low barriers to entry, allowing new brands to quickly gain market share through social media marketing and direct-to-consumer models. Fast-fashion competitors like Zara, H&M, and online players like Shein can quickly replicate trending styles at lower price points. Changing consumer preferences, particularly among younger demographics who increasingly favor sustainable and diverse brands, pose ongoing risks to brand relevance. The company's moat is also vulnerable to economic downturns that disproportionately affect discretionary spending on fashion items. Unlike companies with subscription models or essential products, Abercrombie's revenue can be highly cyclical. The lack of significant intellectual property, proprietary technology, or exclusive supplier relationships means the competitive advantages are primarily execution-based rather than structurally defensible.
Risks & safety
Abercrombie & Fitch demonstrates a strong financial position with improving fundamentals and adequate liquidity, though some valuation concerns exist at current levels. **Liquidity and Solvency:** - Cash and short-term investments: $773 million providing substantial liquidity buffer - Current ratio: 1.48x indicating adequate short-term liquidity coverage - Debt-to-equity ratio: 0.71x representing manageable leverage levels - Strong free cash flow generation: $527 million in fiscal 2024, demonstrating operational cash generation - No immediate solvency concerns with stable cash flow and manageable debt load **Valuation Metrics:** - Price-to-earnings ratio: 8.0x appearing attractive relative to historical levels and retail peers - EV/EBITDA: 5.1x suggesting reasonable valuation relative to cash generation - Price-to-book ratio: 4.5x elevated but justified by improved ROE of 14% - Graham number suggests potential undervaluation at current price levels **Other Considerations:** - Cyclical nature of apparel retail creates earnings volatility risk during economic downturns - Recent margin expansion may not be sustainable if competitive pressures intensify - International exposure creates currency and geopolitical risks - Inventory management remains critical given fashion retail's obsolescence risk
Recent development
Over the past few years, Abercrombie & Fitch has executed a comprehensive strategic transformation focused on brand repositioning, operational excellence, and profitable growth. The most significant development has been the successful turnaround of the Abercrombie brand, which evolved from a logo-heavy, exclusive positioning to an inclusive lifestyle brand targeting post-collegiate consumers. This transformation included launching specialized collections like The Wedding Shop, activewear through the YPB line, and seasonal collaborations such as NFL partnerships. The company has pursued aggressive international expansion, particularly in Europe and Asia, with localized marketing strategies and product assortments tailored to regional preferences. Management has emphasized the UK, Germany, and China as key growth markets, with plans to open approximately 100 new store experiences in 2025. This expansion is supported by improved omnichannel capabilities and enhanced digital customer experience. Operational improvements have been central to the turnaround, including disciplined inventory management that allows for lean operations while maintaining the ability to chase successful products. The company has significantly reduced promotional activities, instead focusing on full-price selling and improved product mix. Store optimization efforts reduced square footage by approximately 40% while maintaining sales productivity through better layouts and customer experiences. Financial discipline has been evident through improved margin expansion, with operating margins growing from around 4-5% in 2022 to 15% in 2024. The company has also returned significant capital to shareholders through share repurchases, with a new $1.3 billion authorization approved. Technology investments in digital capabilities, data analytics, and supply chain management have supported the operational improvements and customer experience enhancements.
ANF company profile · for informational purposes only — not investment advice.
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