Abercrombie & Fitch (NYSE:ANF) Issues Earnings Results, Beats Estimates By $0.24 EPS

Abercrombie & Fitch (NYSE:ANF - Get Free Report) released its quarterly earnings results on Wednesday. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.24, Zacks reports. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. Abercrombie & Fitch's revenue for the quarter was up 7.5% on a year-over-year basis. Abercrombie & Fitch updated its FY 2025 guidance to 9.500-10.500 EPS and its Q2 2025 guidance to 2.100-2.300 EPS.

Abercrombie & Fitch Stock Down 5.6%

Abercrombie & Fitch stock traded down $4.66 during midday trading on Friday, reaching $78.38. 5,018,822 shares of the stock traded hands, compared to its average volume of 2,129,128. The stock's fifty day moving average is $74.48 and its 200-day moving average is $108.09. Abercrombie & Fitch has a 12 month low of $65.40 and a 12 month high of $194.38. The stock has a market cap of $3.73 billion, a P/E ratio of 7.75 and a beta of 1.47.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ANF shares. UBS Group reissued a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday. Citigroup reissued a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday. Raymond James cut their price target on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating for the company in a report on Tuesday. Jefferies Financial Group cut their price target on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Finally, Barclays set a $84.00 price target on Abercrombie & Fitch and gave the company an "equal weight" rating in a report on Thursday. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $111.38.

Abercrombie & Fitch declared that its board has authorized a share repurchase program on Wednesday, March 5th that allows the company to repurchase $1.30 billion in shares. This repurchase authorization allows the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On Abercrombie & Fitch

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

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.