Q2 2024 EPS Estimates for Abercrombie & Fitch Co. Decreased by Analyst (NYSE:ANF)

Abercrombie & Fitch Co. (NYSE:ANFGet Rating) – Stock analysts at Jefferies Financial Group decreased their Q2 2024 EPS estimates for Abercrombie & Fitch in a research report issued to clients and investors on Tuesday, November 22nd. Jefferies Financial Group analyst C. Tarlowe now expects that the apparel retailer will post earnings of $0.11 per share for the quarter, down from their prior forecast of $0.14. The consensus estimate for Abercrombie & Fitch’s current full-year earnings is $0.01 per share.

Abercrombie & Fitch (NYSE:ANFGet Rating) last issued its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.14. The company had revenue of $880.10 million during the quarter, compared to the consensus estimate of $831.17 million. Abercrombie & Fitch had a net margin of 0.82% and a return on equity of 5.38%. Abercrombie & Fitch’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share.

A number of other brokerages also recently issued reports on ANF. Citigroup upped their price target on Abercrombie & Fitch from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday. Telsey Advisory Group upped their price target on Abercrombie & Fitch from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com assumed coverage on Abercrombie & Fitch in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. JPMorgan Chase & Co. cut their target price on Abercrombie & Fitch from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, October 31st. Finally, B. Riley cut their target price on Abercrombie & Fitch from $35.00 to $30.00 in a research report on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $22.33.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $23.98 on Thursday. The business’s fifty day simple moving average is $17.31 and its 200-day simple moving average is $18.91. The company has a market cap of $1.19 billion, a PE ratio of 55.77 and a beta of 1.37. The company has a current ratio of 1.30, a quick ratio of 0.58 and a debt-to-equity ratio of 0.45. Abercrombie & Fitch has a 12-month low of $14.02 and a 12-month high of $42.09.

Institutional Investors Weigh In On Abercrombie & Fitch

Hedge funds have recently added to or reduced their stakes in the business. DB Wealth Management Group LLC purchased a new stake in Abercrombie & Fitch in the first quarter valued at $33,000. LS Investment Advisors LLC purchased a new stake in Abercrombie & Fitch in the second quarter valued at $29,000. Nisa Investment Advisors LLC purchased a new stake in Abercrombie & Fitch in the first quarter valued at $91,000. Geneos Wealth Management Inc. purchased a new stake in Abercrombie & Fitch in the first quarter valued at $95,000. Finally, Captrust Financial Advisors boosted its holdings in Abercrombie & Fitch by 46.3% in the first quarter. Captrust Financial Advisors now owns 3,667 shares of the apparel retailer’s stock valued at $117,000 after purchasing an additional 1,161 shares during the last quarter. 95.22% of the stock is owned by hedge funds and other institutional investors.

Abercrombie & Fitch Company Profile

(Get Rating)

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands.

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Earnings History and Estimates for Abercrombie & Fitch (NYSE:ANF)

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