Abercrombie & Fitch Co. (NYSE:ANF – Get Rating) – Equities research analysts at Zacks Research decreased their Q3 2023 EPS estimates for shares of Abercrombie & Fitch in a research note issued on Wednesday, September 7th. Zacks Research analyst R. Lohia now forecasts that the apparel retailer will post earnings per share of ($0.04) for the quarter, down from their prior forecast of $0.77. The consensus estimate for Abercrombie & Fitch's current full-year earnings is $0.09 per share. Zacks Research also issued estimates for Abercrombie & Fitch's Q4 2023 earnings at $0.90 EPS, FY2023 earnings at $0.28 EPS, Q1 2024 earnings at ($0.02) EPS, Q2 2024 earnings at $0.51 EPS, Q3 2024 earnings at $0.46 EPS, Q4 2024 earnings at $0.73 EPS, FY2024 earnings at $1.68 EPS, Q1 2025 earnings at $0.05 EPS and FY2025 earnings at $2.04 EPS.
Get Abercrombie & Fitch alerts:ANF has been the topic of several other research reports. TheStreet downgraded shares of Abercrombie & Fitch from a "b" rating to a "c" rating in a research note on Tuesday, May 24th. B. Riley reduced their target price on shares of Abercrombie & Fitch from $35.00 to $30.00 in a research note on Tuesday, August 16th. Morgan Stanley dropped their price objective on Abercrombie & Fitch from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Tuesday, August 30th. StockNews.com cut Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Thursday, June 2nd. Finally, UBS Group lowered their price target on Abercrombie & Fitch from $34.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday, May 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of "Hold" and a consensus price target of $24.83.
Abercrombie & Fitch Stock Performance
ANF stock opened at $16.20 on Monday. The stock has a market cap of $817.24 million, a P/E ratio of 13.06 and a beta of 1.50. The firm has a 50 day simple moving average of $17.68 and a 200 day simple moving average of $24.71. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.58 and a current ratio of 1.32. Abercrombie & Fitch has a 52 week low of $14.02 and a 52 week high of $48.97.Abercrombie & Fitch (NYSE:ANF – Get Rating) last posted its quarterly earnings data on Thursday, August 25th. The apparel retailer reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.52). Abercrombie & Fitch had a net margin of 2.16% and a return on equity of 11.57%. The business had revenue of $805.90 million for the quarter, compared to the consensus estimate of $843.56 million. During the same quarter last year, the business posted $1.70 EPS. The business's revenue for the quarter was down 6.8% on a year-over-year basis.
Institutional Trading of Abercrombie & Fitch
Several large investors have recently modified their holdings of ANF. LS Investment Advisors LLC acquired a new stake in Abercrombie & Fitch in the second quarter valued at about $29,000. DB Wealth Management Group LLC bought a new position in shares of Abercrombie & Fitch during the first quarter worth about $33,000. Captrust Financial Advisors raised its position in shares of Abercrombie & Fitch by 24.9% during the second quarter. Captrust Financial Advisors now owns 4,580 shares of the apparel retailer's stock worth $77,000 after acquiring an additional 913 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in Abercrombie & Fitch in the first quarter worth approximately $91,000. Finally, Geneos Wealth Management Inc. bought a new stake in Abercrombie & Fitch in the first quarter worth approximately $95,000. 95.22% of the stock is owned by institutional investors and hedge funds.
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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