Abercrombie & Fitch Company (ANF) Expected to Post Earnings of -$0.33 Per Share
Analysts forecast that Abercrombie & Fitch Company (NYSE:ANF) will post ($0.33) earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Abercrombie & Fitch’s earnings, with the highest EPS estimate coming in at ($0.22) and the lowest estimate coming in at ($0.44). Abercrombie & Fitch reported earnings of ($0.25) per share during the same quarter last year, which indicates a negative year over year growth rate of 32%. The business is expected to announce its next earnings results before the market opens on Thursday, August 24th.
According to Zacks, analysts expect that Abercrombie & Fitch will report full year earnings of ($0.28) per share for the current fiscal year, with EPS estimates ranging from ($0.47) to ($0.02). For the next financial year, analysts expect that the company will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.44) to $0.18. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Abercrombie & Fitch.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Thursday, May 25th. The apparel retailer reported ($0.91) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.70) by $0.21. Abercrombie & Fitch had a negative net margin of 0.55% and a negative return on equity of 1.26%. The company had revenue of $661.10 million for the quarter, compared to analysts’ expectations of $651.25 million. During the same quarter in the previous year, the company posted ($0.53) EPS. The business’s quarterly revenue was down 3.6% on a year-over-year basis.
ANF has been the topic of a number of analyst reports. Vetr downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating and set a $12.58 price objective on the stock. in a research report on Monday, May 1st. Jefferies Group LLC reiterated a “hold” rating and set a $13.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. BMO Capital Markets set a $14.00 price objective on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Thursday, July 6th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $15.00 price objective on shares of Abercrombie & Fitch in a research report on Sunday, May 28th. Eleven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $13.85.
Abercrombie & Fitch (NYSE:ANF) traded up 0.31% during mid-day trading on Friday, reaching $9.81. The company had a trading volume of 2,707,995 shares. Abercrombie & Fitch has a 52 week low of $8.81 and a 52 week high of $23.29. The stock has a 50 day moving average of $10.44 and a 200 day moving average of $11.69. The stock’s market capitalization is $667.24 million.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANF. Point72 Asia Hong Kong Ltd acquired a new position in Abercrombie & Fitch during the first quarter valued at about $149,000. Suntrust Banks Inc. boosted its position in Abercrombie & Fitch by 7.9% in the first quarter. Suntrust Banks Inc. now owns 12,765 shares of the apparel retailer’s stock valued at $152,000 after buying an additional 931 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Abercrombie & Fitch by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 13,427 shares of the apparel retailer’s stock valued at $167,000 after buying an additional 5,957 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in Abercrombie & Fitch during the second quarter valued at about $170,000. Finally, Mason Street Advisors LLC boosted its position in Abercrombie & Fitch by 7.0% in the first quarter. Mason Street Advisors LLC now owns 15,825 shares of the apparel retailer’s stock valued at $189,000 after buying an additional 1,037 shares in the last quarter.
About Abercrombie & Fitch
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
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