Abercrombie & Fitch (ANF) Scheduled to Post Earnings on Tuesday

Abercrombie & Fitch (NYSE:ANF) is set to post its quarterly earnings results before the market opens on Tuesday, November 26th. Analysts expect Abercrombie & Fitch to post earnings of $2.31 per share for the quarter. Abercrombie & Fitch has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.36. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. On average, analysts expect Abercrombie & Fitch to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $143.35 on Tuesday. Abercrombie & Fitch has a 1 year low of $65.60 and a 1 year high of $196.99. The stock has a 50 day simple moving average of $142.07 and a two-hundred day simple moving average of $152.90. The firm has a market cap of $7.32 billion, a P/E ratio of 15.19 and a beta of 1.50.

Insider Activity at Abercrombie & Fitch

In related news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the sale, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. The trade was a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Samir Desai sold 19,041 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the transaction, the executive vice president now owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. This trade represents a 40.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,541 shares of company stock worth $4,310,256 over the last quarter. 2.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ANF shares. JPMorgan Chase & Co. increased their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Morgan Stanley lowered their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Jefferies Financial Group raised their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, August 30th. Finally, UBS Group raised their target price on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $177.43.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.