Abercrombie & Fitch (NYSE:ANF) Announces Earnings Results

Abercrombie & Fitch (NYSE:ANF - Get Free Report) posted its quarterly earnings results on Wednesday. The apparel retailer reported $1.59 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $2.14 earnings per share. The business'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 Price Performance

Abercrombie & Fitch stock traded down $4.66 during trading hours on Friday, reaching $78.38. The company had a trading volume of 5,018,822 shares, compared to its average volume of 2,124,106. Abercrombie & Fitch has a 12-month low of $65.40 and a 12-month high of $194.38. The company has a 50-day moving average price of $74.51 and a 200 day moving average price of $107.43. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 7.75 and a beta of 1.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 valued at $9,729,000 after buying an additional 10,459 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Abercrombie & Fitch by 3.1% in the 1st 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 during the last quarter. United Services Automobile Association purchased a new position in shares of Abercrombie & Fitch in the first quarter valued at about $261,000. Finally, Jones Financial Companies Lllp raised its position in Abercrombie & Fitch by 521.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the apparel retailer's stock valued at $76,000 after purchasing an additional 839 shares during the last quarter.

Abercrombie & Fitch declared that its board has initiated a stock repurchase program on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to purchase up to 29.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Abercrombie & Fitch from $142.00 to $147.00 and gave the stock an "overweight" rating in a report on Thursday. Jefferies Financial Group reduced their price target on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday. Citigroup restated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday. Finally, Raymond James lowered their price target on Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and an average price target of $111.38.

Abercrombie & Fitch Company Profile

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.