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Zacks Research Comments on Abercrombie & Fitch Co.'s Q2 2025 Earnings (NYSE:ANF)

Defense World ·  Sep 10, 2022 01:51

Abercrombie & Fitch Co. (NYSE:ANF – Get Rating) – Research analysts at Zacks Research lowered their Q2 2025 earnings estimates for shares of Abercrombie & Fitch in a research report issued to clients and investors on Wednesday, September 7th. Zacks Research analyst R. Lohia now expects that the apparel retailer will earn $0.40 per share for the quarter, down from their previous forecast of $0.55. The consensus estimate for Abercrombie & Fitch's current full-year earnings is $0.42 per share.

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Abercrombie & Fitch (NYSE:ANF – Get Rating) last posted its earnings results on Thursday, August 25th. The apparel retailer reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.52). Abercrombie & Fitch had a net margin of 2.16% and a return on equity of 11.57%. The firm had revenue of $805.90 million during the quarter, compared to analyst estimates of $843.56 million. During the same quarter in the previous year, the business posted $1.70 earnings per share. The business's quarterly revenue was down 6.8% compared to the same quarter last year.

A number of other research analysts have also issued reports on ANF. Morgan Stanley lowered their target price on shares of Abercrombie & Fitch from $17.00 to $15.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 30th. Telsey Advisory Group lowered their target price on shares of Abercrombie & Fitch from $30.00 to $25.00 and set an "outperform" rating on the stock in a research note on Friday, August 26th. B. Riley decreased their price target on shares of Abercrombie & Fitch from $35.00 to $30.00 in a research report on Tuesday, August 16th. StockNews.com lowered shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Thursday, June 2nd. Finally, UBS Group decreased their price target on shares of Abercrombie & Fitch from $34.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of "Hold" and an average price target of $24.83.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $16.20 on Friday. Abercrombie & Fitch has a 1 year low of $14.02 and a 1 year high of $48.97. The firm's fifty day simple moving average is $17.68 and its 200 day simple moving average is $24.89. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $817.24 million, a PE ratio of 13.06 and a beta of 1.50.

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 business. Kempen Capital Management N.V. lifted its holdings in shares of Abercrombie & Fitch by 6.2% during the 1st quarter. Kempen Capital Management N.V. now owns 2,028,725 shares of the apparel retailer's stock worth $64,899,000 after acquiring an additional 119,335 shares during the period. Impala Asset Management LLC lifted its holdings in shares of Abercrombie & Fitch by 159.1% during the 4th quarter. Impala Asset Management LLC now owns 1,124,457 shares of the apparel retailer's stock worth $39,165,000 after acquiring an additional 690,491 shares during the period. Millennium Management LLC lifted its holdings in shares of Abercrombie & Fitch by 149.9% during the 2nd quarter. Millennium Management LLC now owns 1,121,848 shares of the apparel retailer's stock worth $18,982,000 after acquiring an additional 672,933 shares during the period. Divisar Capital Management LLC lifted its holdings in shares of Abercrombie & Fitch by 27.4% during the 2nd quarter. Divisar Capital Management LLC now owns 1,106,648 shares of the apparel retailer's stock worth $18,724,000 after acquiring an additional 238,227 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Abercrombie & Fitch by 10.1% during the 2nd quarter. Victory Capital Management Inc. now owns 829,551 shares of the apparel retailer's stock worth $14,036,000 after acquiring an additional 75,965 shares during the period. 95.22% of the stock is owned by institutional investors.

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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