William Blair Issues Pessimistic Forecast for ANF Earnings

Abercrombie & Fitch Co. (NYSE:ANF - Free Report) - William Blair lowered their Q3 2026 earnings per share estimates for shares of Abercrombie & Fitch in a research report issued on Wednesday, May 28th. William Blair analyst D. Carden now forecasts that the apparel retailer will earn $2.51 per share for the quarter, down from their prior estimate of $2.75. The consensus estimate for Abercrombie & Fitch's current full-year earnings is $10.62 per share. William Blair also issued estimates for Abercrombie & Fitch's Q4 2026 earnings at $3.82 EPS, FY2026 earnings at $10.10 EPS, Q2 2027 earnings at $2.26 EPS, Q3 2027 earnings at $2.59 EPS, Q4 2027 earnings at $3.93 EPS and FY2027 earnings at $10.46 EPS.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.24. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.14 earnings per share.

Several other analysts have also weighed in on the stock. Wall Street Zen lowered shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Sunday, March 9th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $125.00 price target on shares of Abercrombie & Fitch in a report on Wednesday. Jefferies Financial Group dropped 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. Raymond James dropped 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. Finally, Barclays set a $84.00 target price on Abercrombie & Fitch and gave the company an "equal weight" rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $111.38.

Abercrombie & Fitch Trading Down 5.6%

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

Institutional Investors Weigh In On Abercrombie & Fitch

Several hedge funds and other institutional investors have recently made changes to their positions in ANF. Janney Montgomery Scott LLC increased its stake in shares of Abercrombie & Fitch by 96.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 22,827 shares of the apparel retailer's stock valued at $3,412,000 after buying an additional 11,208 shares during the period. Fifth Third Bancorp increased its position in Abercrombie & Fitch by 56.2% in the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock worth $55,000 after purchasing an additional 132 shares during the period. KBC Group NV increased its position in Abercrombie & Fitch by 778.9% in the fourth quarter. KBC Group NV now owns 11,232 shares of the apparel retailer's stock worth $1,679,000 after purchasing an additional 9,954 shares during the period. Pacer Advisors Inc. increased its position in Abercrombie & Fitch by 33.3% in the fourth quarter. Pacer Advisors Inc. now owns 15,751 shares of the apparel retailer's stock worth $2,354,000 after purchasing an additional 3,934 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Abercrombie & Fitch during the 4th quarter worth approximately $206,000.

Abercrombie & Fitch announced that its Board of Directors has approved a stock repurchase program on Wednesday, March 5th that allows the company to buyback $1.30 billion in shares. This buyback authorization allows the apparel retailer to buy 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.

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.