Zacks Research Has Pessimistic Outlook of ANF Q2 Earnings

Abercrombie & Fitch Co. (NYSE:ANF - Free Report) - Equities research analysts at Zacks Research dropped their Q2 2026 earnings estimates for shares of Abercrombie & Fitch in a report issued on Wednesday, June 11th. Zacks Research analyst R. Lohia now forecasts that the apparel retailer will post earnings of $2.25 per share for the quarter, down from their previous estimate of $2.62. The consensus estimate for Abercrombie & Fitch's current full-year earnings is $10.62 per share. Zacks Research also issued estimates for Abercrombie & Fitch's Q4 2027 earnings at $3.89 EPS, FY2027 earnings at $10.66 EPS and FY2028 earnings at $9.97 EPS.

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

Other analysts also recently issued reports about the stock. Morgan Stanley lifted their price objective on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $125.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Jefferies Financial Group reduced their price objective on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price objective on Abercrombie & Fitch from $142.00 to $147.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Finally, Wall Street Zen downgraded Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.38.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $74.52 on Monday. The firm has a fifty day moving average of $75.27 and a 200-day moving average of $102.48. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 7.37 and a beta of 1.47. Abercrombie & Fitch has a 1 year low of $65.40 and a 1 year high of $189.00.

Institutional Investors Weigh In On Abercrombie & Fitch

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANF. Private Trust Co. NA increased its position in shares of Abercrombie & Fitch by 30.9% during the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock valued at $62,000 after purchasing an additional 98 shares during the period. Virtue Capital Management LLC boosted its stake in Abercrombie & Fitch by 1.3% during the fourth quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer's stock valued at $1,229,000 after buying an additional 102 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in Abercrombie & Fitch by 2.0% during the fourth quarter. Evergreen Capital Management LLC now owns 5,460 shares of the apparel retailer's stock valued at $816,000 after buying an additional 108 shares in the last quarter. Arizona State Retirement System grew its holdings in Abercrombie & Fitch by 0.8% during the fourth quarter. Arizona State Retirement System now owns 14,831 shares of the apparel retailer's stock worth $2,217,000 after acquiring an additional 115 shares during the period. Finally, Atria Investments Inc raised its position in Abercrombie & Fitch by 7.4% in the fourth quarter. Atria Investments Inc now owns 1,679 shares of the apparel retailer's stock worth $251,000 after acquiring an additional 115 shares in the last quarter.

Abercrombie & Fitch announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 5th that allows the company to repurchase $1.30 billion in shares. This repurchase authorization allows the apparel retailer to repurchase up to 29.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management 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.

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