Zacks Research Has Bearish Forecast for ANF Q3 Earnings

Abercrombie & Fitch Co. (NYSE:ANF - Free Report) - Zacks Research dropped their Q3 2026 earnings estimates for shares of Abercrombie & Fitch in a report released on Wednesday, June 11th. Zacks Research analyst R. Lohia now expects that the apparel retailer will post earnings per share of $2.57 for the quarter, down from their prior estimate of $2.80. 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 2026 earnings at $3.77 EPS, FY2026 earnings at $10.18 EPS, Q1 2027 earnings at $1.66 EPS, Q2 2027 earnings at $2.47 EPS, Q3 2027 earnings at $2.64 EPS and Q1 2028 earnings at $1.59 EPS.

Several other research analysts have also recently commented on the company. UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Citigroup reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Wall Street Zen cut shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Raymond James dropped their price target on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.38.

Abercrombie & Fitch Stock Performance

Shares of ANF traded down $4.24 during mid-day trading on Friday, hitting $74.52. The company's stock had a trading volume of 2,072,638 shares, compared to its average volume of 2,159,427. The stock's 50-day moving average is $75.11 and its two-hundred day moving average is $103.62. The firm has a market capitalization of $3.55 billion, a PE ratio of 7.37 and a beta of 1.47. Abercrombie & Fitch has a one year low of $65.40 and a one year high of $189.82.

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

Hedge Funds Weigh In On Abercrombie & Fitch

Several hedge funds have recently made changes to their positions in ANF. SBI Securities Co. Ltd. bought a new position in Abercrombie & Fitch in the fourth quarter valued at $27,000. UMB Bank n.a. grew its holdings in shares of Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock valued at $45,000 after acquiring an additional 360 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after acquiring an additional 260 shares in the last quarter. Private Trust Co. NA increased its position in shares of Abercrombie & Fitch by 30.9% in the fourth quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock valued at $62,000 after acquiring an additional 98 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Abercrombie & Fitch by 166.7% during the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock worth $65,000 after acquiring an additional 530 shares in the last quarter.

Abercrombie & Fitch declared that its board has authorized a share buyback plan on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in shares. This repurchase authorization authorizes the apparel retailer to purchase up to 29.5% of its stock through open market purchases. Stock repurchase plans are typically 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.