ANF surges after strong Q2 results, higher full-year outlook, and tariff refund boost

Abercrombie & Fitch Co. (ANF) is up 32.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a major second-quarter earnings beat paired with a higher full-year forecast. Results were also helped by a sizable tariff refund benefit, while investors appeared encouraged by continued sales growth and a larger share repurchase plan.

Details:

Second-quarter net sales reached a record $1.27 billion, up 5% year over year, with growth across all regions and both major brand families.

Diluted earnings per share came in at $4.17, well above the company’s prior outlook range of $1.80 to $2.00 for the quarter.

The quarter included about $100 million of IEEPA tariff refunds, which lifted operating income and added about $1.75 per diluted share.

Management raised fiscal 2026 guidance, including sales growth of around 5%, earnings per share of $13.10 to $13.60, and at least $500 million in share repurchases.

Sources:

Abercrombie & Fitch Co., SEC, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ANF Insider Trading Activity

$ANF insiders have traded $ANF stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $ANF stock by insiders over the last 6 months:

SCOTT D. LIPESKY (EVP and COO) has made 0 purchases and 4 sales selling 40,000 shares for an estimated $4,300,000.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$ANF Hedge Fund Activity

We have seen 229 institutional investors add shares of $ANF stock to their portfolio, and 251 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 2,278,744 shares (+167.7%) to their portfolio in Q2 2026, for an estimated $205,109,747
D. E. SHAW & CO., INC. removed 1,116,972 shares (-98.8%) from their portfolio in Q2 2026, for an estimated $100,538,649
AQR CAPITAL MANAGEMENT LLC removed 1,019,630 shares (-29.6%) from their portfolio in Q2 2026, for an estimated $91,776,896
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 789,803 shares (+inf%) to their portfolio in Q2 2026, for an estimated $71,090,168
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 680,359 shares (+234.9%) to their portfolio in Q2 2026, for an estimated $61,239,113
WELLINGTON MANAGEMENT GROUP LLP removed 620,969 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $55,893,419
AMERICAN CENTURY COMPANIES INC added 394,993 shares (+24.3%) to their portfolio in Q2 2026, for an estimated $35,553,319

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ANF Price Targets

Multiple analysts have issued price targets for $ANF recently. We have seen 8 analysts offer price targets for $ANF in the last 6 months, with a median target of $112.5.

Here are some recent targets:

Alex Straton from Morgan Stanley set a target price of $87.0 on 07/06/2026
Adrienne Yih from Barclays set a target price of $78.0 on 05/29/2026
Dana Telsey from Telsey Advisory Group set a target price of $115.0 on 05/28/2026
Matthew Boss from JP Morgan set a target price of $110.0 on 05/28/2026
Mauricio Serna from UBS set a target price of $136.0 on 05/28/2026
Janine Stichter from BTIG set a target price of $120.0 on 05/27/2026
Tom Nikic from Needham set a target price of $108.0 on 05/27/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.