Abercrombie & Fitch (ANF) Expected to Announce Quarterly Earnings on Wednesday

Abercrombie & Fitch (NYSE:ANF) is expected to be issuing its Q1 2026 quarterly earnings data before the market opens on Wednesday, May 28th. Analysts expect the company to announce earnings of $1.48 per share and revenue of $1.08 billion for the quarter.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.48 by $0.09. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the firm posted $2.97 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. On average, analysts expect Abercrombie & Fitch to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Abercrombie & Fitch Price Performance

ANF opened at $76.64 on Wednesday. The stock has a market capitalization of $3.65 billion, a P/E ratio of 7.58 and a beta of 1.47. The company’s 50 day simple moving average is $74.90 and its 200-day simple moving average is $110.87. Abercrombie & Fitch has a one year low of $65.40 and a one year high of $196.99.

Abercrombie & Fitch declared that its Board of Directors has approved a share buyback plan on Wednesday, March 5th that permits the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization permits the apparel retailer to purchase up to 29.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Abercrombie & Fitch by 8.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 127,389 shares of the apparel retailer’s stock worth $9,729,000 after buying an additional 10,459 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Abercrombie & Fitch by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,517 shares of the apparel retailer’s stock worth $2,254,000 after acquiring an additional 892 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Abercrombie & Fitch in the first quarter worth about $261,000. Finally, Jones Financial Companies Lllp raised its position in shares of Abercrombie & Fitch by 521.1% during the first quarter. Jones Financial Companies Lllp now owns 1,000 shares of the apparel retailer’s stock worth $76,000 after purchasing an additional 839 shares during the period.

Wall Street Analyst Weigh In

ANF has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price objective on Abercrombie & Fitch from $155.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday. Barclays assumed coverage on shares of Abercrombie & Fitch in a research report on Monday, April 21st. They set an “equal weight” rating and a $71.00 price target for the company. Morgan Stanley cut their price objective on shares of Abercrombie & Fitch from $114.00 to $78.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Telsey Advisory Group reduced their price objective on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Finally, StockNews.com cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, March 9th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.50.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.