Abercrombie & Fitch Co. (NYSE:ANF - Get Rating) - Investment analysts at Telsey Advisory Group dropped their FY2023 earnings per share (EPS) estimates for Abercrombie & Fitch in a research report issued to clients and investors on Wednesday, November 23rd. Telsey Advisory Group analyst D. Telsey now anticipates that the apparel retailer will post earnings per share of $0.13 for the year, down from their prior estimate of $0.26. Telsey Advisory Group has a "Outperform" rating and a $27.00 price target on the stock. The consensus estimate for Abercrombie & Fitch's current full-year earnings is $0.06 per share. Telsey Advisory Group also issued estimates for Abercrombie & Fitch's Q4 2023 earnings at $0.70 EPS, Q1 2024 earnings at ($0.12) EPS, Q2 2024 earnings at $0.04 EPS and Q3 2024 earnings at $0.39 EPS.
Abercrombie & Fitch (NYSE:ANF - Get Rating) last issued its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.14. Abercrombie & Fitch had a return on equity of 5.38% and a net margin of 0.82%. The firm had revenue of $880.10 million for the quarter, compared to analysts' expectations of $831.17 million. During the same quarter last year, the firm earned $0.86 earnings per share. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year.
ANF has been the topic of a number of other research reports. JPMorgan Chase & Co. reduced their price objective on Abercrombie & Fitch from $20.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday, October 31st. B. Riley reduced their price objective on Abercrombie & Fitch from $35.00 to $30.00 in a research note on Tuesday, August 16th. UBS Group boosted their price objective on Abercrombie & Fitch to $22.00 in a research note on Thursday. StockNews.com initiated coverage on Abercrombie & Fitch in a research note on Wednesday, October 12th. They set a "hold" rating on the stock. Finally, Morgan Stanley reduced their price objective on Abercrombie & Fitch from $17.00 to $15.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $22.33.
Abercrombie & Fitch Price Performance
Shares of Abercrombie & Fitch stock opened at $23.77 on Monday. Abercrombie & Fitch has a twelve month low of $14.02 and a twelve month high of $42.09. The stock has a market capitalization of $1.18 billion, a P/E ratio of 55.28 and a beta of 1.37. The company has a current ratio of 1.30, a quick ratio of 0.58 and a debt-to-equity ratio of 0.45. The business's fifty day moving average price is $17.47 and its 200 day moving average price is $18.65.
Institutional Trading of Abercrombie & Fitch
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Abercrombie & Fitch during the third quarter worth about $288,000. Balyasny Asset Management LLC increased its position in shares of Abercrombie & Fitch by 48.4% during the third quarter. Balyasny Asset Management LLC now owns 1,811,477 shares of the apparel retailer's stock worth $28,168,000 after acquiring an additional 590,747 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Abercrombie & Fitch by 13.4% in the third quarter. Public Employees Retirement System of Ohio now owns 6,851 shares of the apparel retailer's stock valued at $107,000 after buying an additional 810 shares during the last quarter. Algert Global LLC increased its holdings in Abercrombie & Fitch by 174.7% in the third quarter. Algert Global LLC now owns 37,875 shares of the apparel retailer's stock valued at $589,000 after buying an additional 24,085 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Abercrombie & Fitch by 5.3% in the third quarter. Thrivent Financial for Lutherans now owns 52,148 shares of the apparel retailer's stock valued at $811,000 after buying an additional 2,617 shares during the last quarter. 95.22% of the stock is owned by hedge funds and other institutional investors.
Abercrombie & Fitch Company Profile
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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