Q2 2024 EPS Estimates for Abercrombie & Fitch Co. Decreased by Analyst (NYSE:ANF)

Abercrombie & Fitch Co. (NYSE:ANFGet Rating) – Equities research analysts at Jefferies Financial Group lowered their Q2 2024 earnings estimates for shares of Abercrombie & Fitch in a research report issued to clients and investors on Tuesday, November 22nd. Jefferies Financial Group analyst C. Tarlowe now forecasts that the apparel retailer will earn $0.11 per share for the quarter, down from their previous forecast of $0.14. The consensus estimate for Abercrombie & Fitch’s current full-year earnings is $0.01 per share.

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

ANF has been the subject of a number of other research reports. Citigroup increased their price objective on shares of Abercrombie & Fitch from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday. B. Riley cut their price objective on shares of Abercrombie & Fitch from $35.00 to $30.00 in a report on Tuesday, August 16th. UBS Group increased their price objective on shares of Abercrombie & Fitch to $22.00 in a report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of Abercrombie & Fitch from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, October 31st. Finally, Telsey Advisory Group increased their price objective on shares of Abercrombie & Fitch from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.33.

Abercrombie & Fitch Stock Up 6.0 %

ANF opened at $23.98 on Thursday. The company has a market cap of $1.19 billion, a PE ratio of 55.77 and a beta of 1.37. The company has a quick ratio of 0.58, a current ratio of 1.30 and a debt-to-equity ratio of 0.45. Abercrombie & Fitch has a twelve month low of $14.02 and a twelve month high of $42.09. The company has a 50-day moving average price of $17.31 and a 200 day moving average price of $18.91.

Institutional Trading of Abercrombie & Fitch

Hedge funds and other institutional investors have recently made changes to their positions in the company. DB Wealth Management Group LLC acquired a new stake in shares of Abercrombie & Fitch during the 1st quarter worth approximately $33,000. LS Investment Advisors LLC acquired a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $29,000. Nisa Investment Advisors LLC acquired a new stake in shares of Abercrombie & Fitch during the 1st quarter worth approximately $91,000. Geneos Wealth Management Inc. acquired a new stake in shares of Abercrombie & Fitch during the 1st quarter worth approximately $95,000. Finally, Captrust Financial Advisors increased its holdings in shares of Abercrombie & Fitch by 46.3% during the 1st quarter. Captrust Financial Advisors now owns 3,667 shares of the apparel retailer’s stock worth $117,000 after buying an additional 1,161 shares during the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.

About Abercrombie & Fitch

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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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