Telsey Advisory Group Weighs in on Abercrombie & Fitch Co.’s FY2024 Earnings (NYSE:ANF)

Abercrombie & Fitch Co. (NYSE:ANFGet Rating) – Research analysts at Telsey Advisory Group upped their FY2024 earnings estimates for shares of Abercrombie & Fitch in a research report issued on Wednesday, November 23rd. Telsey Advisory Group analyst D. Telsey now anticipates that the apparel retailer will post earnings of $1.42 per share for the year, up from their prior estimate of $1.31. Telsey Advisory Group currently has a “Outperform” rating and a $27.00 target price on the stock. The consensus estimate for Abercrombie & Fitch’s current full-year earnings is $0.01 per share. Telsey Advisory Group also issued estimates for Abercrombie & Fitch’s Q4 2024 earnings at $1.10 EPS.

Several other research firms also recently weighed in on ANF. Citigroup upped their price objective on shares of Abercrombie & Fitch from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com assumed coverage on shares of Abercrombie & Fitch in a research report on Wednesday, October 12th. They set a “hold” rating for the company. JPMorgan Chase & Co. reduced their price target on shares of Abercrombie & Fitch from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, October 31st. UBS Group increased their price target on shares of Abercrombie & Fitch to $22.00 in a research report on Thursday. Finally, B. Riley reduced their price target on shares of 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 given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $22.33.

Abercrombie & Fitch Stock Performance

ANF opened at $23.98 on Thursday. The company has a current ratio of 1.30, a quick ratio of 0.58 and a debt-to-equity ratio of 0.45. The company’s fifty day moving average price is $17.31 and its two-hundred day moving average price is $18.91. Abercrombie & Fitch has a 1-year low of $14.02 and a 1-year high of $42.09. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 55.77 and a beta of 1.37.

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

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently modified their holdings of the company. LS Investment Advisors LLC purchased a new stake in shares of Abercrombie & Fitch in the second quarter worth about $29,000. DB Wealth Management Group LLC purchased a new position in Abercrombie & Fitch during the first quarter valued at $33,000. Captrust Financial Advisors raised its position in shares of Abercrombie & Fitch by 24.9% in the 2nd quarter. Captrust Financial Advisors now owns 4,580 shares of the apparel retailer’s stock worth $77,000 after purchasing an additional 913 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in Abercrombie & Fitch in the 1st quarter worth about $91,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Abercrombie & Fitch during the 1st quarter valued at about $95,000. 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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