Zacks Research Issues Negative Estimate for ANF Earnings

Abercrombie & Fitch Company (NYSE:ANF - Free Report) - Research analysts at Zacks Research cut their Q2 2026 earnings per share (EPS) estimates for Abercrombie & Fitch in a report released on Wednesday, June 11th. Zacks Research analyst R. Lohia now expects that the apparel retailer will post earnings of $2.25 per share for the quarter, down from their prior 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 released its quarterly earnings results 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. The business's revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.14 EPS.

A number of other research analysts have also recently weighed in on the stock. Raymond James Financial dropped their price objective on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. Barclays set a $84.00 target price on Abercrombie & Fitch and gave the company an "equal weight" rating in a report on Thursday, May 29th. Citigroup reissued a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Finally, Wall Street Zen cut Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Sunday, March 9th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $110.63.

Abercrombie & Fitch Price Performance

ANF traded up $0.94 during midday trading on Monday, reaching $75.92. 1,456,159 shares of the company's stock were exchanged, compared to its average volume of 2,166,851. Abercrombie & Fitch has a 1-year low of $65.40 and a 1-year high of $186.45. The stock has a market capitalization of $3.62 billion, a PE ratio of 7.47 and a beta of 1.47. The business's 50-day moving average price is $75.38 and its 200 day moving average price is $101.60.

Hedge Funds Weigh In On Abercrombie & Fitch

Several institutional investors have recently added to or reduced their stakes in ANF. Kestra Private Wealth Services LLC grew its holdings in Abercrombie & Fitch by 27.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,163 shares of the apparel retailer's stock valued at $622,000 after buying an additional 891 shares during the period. Savant Capital LLC boosted its position in shares of Abercrombie & Fitch by 6.9% in the fourth quarter. Savant Capital LLC now owns 3,205 shares of the apparel retailer's stock worth $479,000 after acquiring an additional 208 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Abercrombie & Fitch by 52.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 26,855 shares of the apparel retailer's stock valued at $4,027,000 after purchasing an additional 9,258 shares during the period. Asset Management One Co. Ltd. increased its position in Abercrombie & Fitch by 1.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 9,047 shares of the apparel retailer's stock worth $1,392,000 after purchasing an additional 118 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Abercrombie & Fitch by 3.1% during the fourth quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer's stock worth $23,699,000 after purchasing an additional 4,837 shares during the last quarter.

Abercrombie & Fitch declared that its Board of Directors has authorized a share buyback plan on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization authorizes the apparel retailer to buy up to 29.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

About Abercrombie & Fitch

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.