Telsey Advisory Group Equities Analysts Lift Earnings Estimates for Abercrombie & Fitch Co. (NYSE:ANF)

Abercrombie & Fitch Co. (NYSE:ANFGet Rating) – Stock analysts at Telsey Advisory Group increased their FY2023 earnings per share estimates for shares of Abercrombie & Fitch in a report issued on Tuesday, January 10th. Telsey Advisory Group analyst D. Telsey now anticipates that the apparel retailer will post earnings per share of $0.29 for the year, up from their prior estimate of $0.13. Telsey Advisory Group currently has a “Outperform” rating and a $33.00 price target on the stock. The consensus estimate for Abercrombie & Fitch’s current full-year earnings is $0.06 per share. Telsey Advisory Group also issued estimates for Abercrombie & Fitch’s Q4 2024 earnings at $1.33 EPS.

Several other research firms have also commented on ANF. Morgan Stanley reissued an “underweight” rating on shares of Abercrombie & Fitch in a research report on Tuesday. Citigroup boosted 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, November 23rd. UBS Group boosted their price target on Abercrombie & Fitch from $24.00 to $28.00 in a research report on Tuesday. StockNews.com assumed coverage on Abercrombie & Fitch in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Argus boosted their price target on Abercrombie & Fitch from $18.00 to $27.00 in a research report on Wednesday, December 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $24.86.

Abercrombie & Fitch Trading Up 4.0 %

Shares of NYSE ANF opened at $27.98 on Friday. The firm has a market cap of $1.37 billion, a PE ratio of 65.07 and a beta of 1.40. The company has a quick ratio of 0.51, a current ratio of 1.30 and a debt-to-equity ratio of 1.53. Abercrombie & Fitch has a twelve month low of $14.02 and a twelve month high of $42.09. The business has a fifty day simple moving average of $22.54 and a two-hundred day simple moving average of $19.00.

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

Insider Activity

In other news, Director Terry Lee Burman sold 42,663 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $22.57, for a total transaction of $962,903.91. Following the transaction, the director now owns 53,214 shares in the company, valued at $1,201,039.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in Abercrombie & Fitch by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 618,292 shares of the apparel retailer’s stock worth $9,615,000 after buying an additional 7,928 shares during the period. Bridgefront Capital LLC increased its holdings in Abercrombie & Fitch by 10.3% in the 3rd quarter. Bridgefront Capital LLC now owns 13,084 shares of the apparel retailer’s stock worth $203,000 after buying an additional 1,218 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new position in Abercrombie & Fitch in the 3rd quarter worth approximately $288,000. Balyasny Asset Management LLC boosted its position in Abercrombie & Fitch by 48.4% in the 3rd quarter. Balyasny Asset Management LLC now owns 1,811,477 shares of the apparel retailer’s stock worth $28,168,000 after purchasing an additional 590,747 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Abercrombie & Fitch by 13.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,851 shares of the apparel retailer’s stock worth $107,000 after purchasing an additional 810 shares in the last quarter.

Abercrombie & Fitch Company Profile

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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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