Abercrombie & Fitch (ANF) Set to Announce Earnings on Wednesday

Abercrombie & Fitch (NYSE:ANF - Get Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, May 29th. Analysts expect the company to announce earnings of $1.50 per share for the quarter. Abercrombie & Fitch has set its FY 2024 guidance at EPS.Individual that wish to register for the company's earnings conference call can do so using this link.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.83 by $0.14. The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.43 billion. Abercrombie & Fitch had a return on equity of 38.80% and a net margin of 7.67%. The firm's quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS. On average, analysts expect Abercrombie & Fitch to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Abercrombie & Fitch Price Performance

ANF traded down $2.45 during trading on Wednesday, reaching $141.99. 1,291,821 shares of the company were exchanged, compared to its average volume of 1,524,608. The company's 50-day moving average is $125.67 and its two-hundred day moving average is $106.85. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 22.83 and a beta of 1.57. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.21. Abercrombie & Fitch has a 12-month low of $22.65 and a 12-month high of $146.93.

Insider Buying and Selling at Abercrombie & Fitch

In other news, CEO Fran Horowitz sold 400,000 shares of the business's stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $110.61, for a total value of $44,244,000.00. Following the completion of the transaction, the chief executive officer now owns 525,520 shares in the company, valued at $58,127,767.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Jay Rust sold 786 shares of the business's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $125.41, for a total value of $98,572.26. Following the completion of the transaction, the executive vice president now owns 1,014 shares in the company, valued at $127,165.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fran Horowitz sold 400,000 shares of the business's stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $110.61, for a total value of $44,244,000.00. Following the completion of the transaction, the chief executive officer now owns 525,520 shares of the company's stock, valued at approximately $58,127,767.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 558,786 shares of company stock worth $64,340,812. 3.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on ANF shares. StockNews.com raised Abercrombie & Fitch from a "hold" rating to a "buy" rating in a report on Friday, April 12th. Jefferies Financial Group raised their price target on Abercrombie & Fitch from $149.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. UBS Group raised their price objective on Abercrombie & Fitch from $145.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on Abercrombie & Fitch from $125.00 to $144.00 and gave the company a "neutral" rating in a report on Friday, May 17th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $152.00 price objective (up from $140.00) on shares of Abercrombie & Fitch in a report on Wednesday, March 6th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and an average price target of $139.29.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.