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Analysts Set Expectations for Abercrombie & Fitch Co.'s Q4 2022 Earnings (NYSE:ANF)

Last updated on Monday, November 29, 2021 | 2021 MarketBeat

Abercrombie & Fitch Co. (NYSE:ANF) - Equities research analysts at B. Riley decreased their Q4 2022 earnings per share (EPS) estimates for Abercrombie & Fitch in a note issued to investors on Wednesday, November 24th. B. Riley analyst S. Anderson now anticipates that the apparel retailer will post earnings of $1.51 per share for the quarter, down from their previous forecast of $1.54. B. Riley currently has a "Buy" rating and a $54.00 price target on the stock.

A number of other research analysts also recently issued reports on the stock. TheStreet upgraded shares of Abercrombie & Fitch from a "c" rating to a "b" rating in a research report on Thursday, August 26th. Jefferies Financial Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, November 24th. Finally, Zacks Investment Research cut shares of Abercrombie & Fitch from a "buy" rating to a "sell" rating and set a $42.00 target price on the stock. in a research note on Monday, November 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $47.08.

Shares of ANF stock opened at $38.05 on Monday. The firm has a market cap of $2.25 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.48 and a beta of 1.69. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.56 and a quick ratio of 1.22. Abercrombie & Fitch has a 1-year low of $18.69 and a 1-year high of $48.97. The firm has a fifty day moving average of $41.05 and a two-hundred day moving average of $40.26. Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Tuesday, November 23rd. The apparel retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.20. The company had revenue of $905.20 million during the quarter, compared to analyst estimates of $895.17 million. Abercrombie & Fitch had a net margin of 7.62% and a return on equity of 32.02%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share.

In related news, Director Kerrii B. Anderson bought 1,000 shares of the company's stock in a transaction that occurred on Thursday, September 2nd. The shares were acquired at an average price of $35.17 per share, with a total value of $35,170.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kristin A. Scott sold 5,791 shares of the business's stock in a transaction on Wednesday, November 3rd. The stock was sold at an average price of $45.00, for a total transaction of $260,595.00. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in Abercrombie & Fitch by 4.8% during the 1st quarter. Ameriprise Financial Inc. now owns 283,811 shares of the apparel retailer's stock worth $9,737,000 after buying an additional 12,957 shares in the last quarter. Captrust Financial Advisors lifted its position in Abercrombie & Fitch by 1,644.5% during the 1st quarter. Captrust Financial Advisors now owns 2,390 shares of the apparel retailer's stock worth $82,000 after buying an additional 2,253 shares in the last quarter. Principal Financial Group Inc. lifted its position in Abercrombie & Fitch by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 435,202 shares of the apparel retailer's stock worth $14,932,000 after buying an additional 6,003 shares in the last quarter. Schroder Investment Management Group acquired a new position in Abercrombie & Fitch during the 1st quarter worth about $880,000. Finally, State of Alaska Department of Revenue lifted its position in Abercrombie & Fitch by 1.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 42,786 shares of the apparel retailer's stock worth $1,986,000 after buying an additional 530 shares in the last quarter. Institutional investors own 96.75% of the company's stock.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear; and personal care products and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.

Read More: How to Calculate Compound Annual Growth Rate (CAGR)

Earnings History and Estimates for Abercrombie & Fitch (NYSE:ANF)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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