Abercrombie & Fitch (NYSE:ANF) Posts Earnings Results

Abercrombie & Fitch (NYSE:ANF – Get Rating) announced its earnings results on Wednesday. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.41, Briefing.com reports. Abercrombie & Fitch had a return on equity of 6.82% and a net margin of 0.96%. The company had revenue of $836.00 million for the quarter, compared to analyst estimates of $814.93 million. During the same period in the prior year, the company posted ($0.27) EPS. Abercrombie & Fitch’s quarterly revenue was up 2.9% on a year-over-year basis.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $28.56 on Friday. The company has a market cap of $1.43 billion, a P/E ratio of 40.80 and a beta of 1.45. The stock has a fifty day moving average price of $24.89 and a 200 day moving average price of $25.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.44 and a quick ratio of 0.80. Abercrombie & Fitch has a 12 month low of $14.02 and a 12 month high of $31.69.

Analysts Set New Price Targets

ANF has been the topic of several research reports. JPMorgan Chase & Co. dropped their price target on Abercrombie & Fitch from $31.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, March 2nd. StockNews.com initiated coverage on Abercrombie & Fitch in a research report on Thursday, May 18th. They set a “hold” rating on the stock. UBS Group upped their price target on Abercrombie & Fitch from $28.00 to $32.00 in a research report on Thursday. Telsey Advisory Group reissued an “outperform” rating and set a $33.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, March 1st. Finally, Jefferies Financial Group dropped their price target on Abercrombie & Fitch from $35.00 to $30.00 in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $28.75.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ANF. MetLife Investment Management LLC grew its stake in Abercrombie & Fitch by 42.3% during the 1st quarter. MetLife Investment Management LLC now owns 29,951 shares of the apparel retailer’s stock worth $958,000 after buying an additional 8,902 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Abercrombie & Fitch by 9.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,703 shares of the apparel retailer’s stock worth $1,558,000 after purchasing an additional 4,049 shares in the last quarter. LSV Asset Management grew its stake in shares of Abercrombie & Fitch by 41.7% in the first quarter. LSV Asset Management now owns 318,200 shares of the apparel retailer’s stock worth $10,179,000 after purchasing an additional 93,600 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Abercrombie & Fitch by 23.5% in the first quarter. Allianz Asset Management GmbH now owns 252,944 shares of the apparel retailer’s stock worth $8,092,000 after purchasing an additional 48,078 shares in the last quarter. Finally, Divisar Capital Management LLC grew its stake in shares of Abercrombie & Fitch by 43.2% in the first quarter. Divisar Capital Management LLC now owns 868,421 shares of the apparel retailer’s stock worth $27,781,000 after purchasing an additional 261,824 shares in the last quarter.

Abercrombie & Fitch Company Profile

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Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear, and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.