Abercrombie & Fitch Co. (NYSE:ANF) – Equities researchers at Jefferies Financial Group reduced their Q2 2021 EPS estimates for shares of Abercrombie & Fitch in a research report issued on Thursday, June 25th. Jefferies Financial Group analyst J. Stichter now expects that the apparel retailer will post earnings of ($0.84) per share for the quarter, down from their previous forecast of ($0.46). Jefferies Financial Group also issued estimates for Abercrombie & Fitch’s Q3 2021 earnings at $0.01 EPS, Q4 2021 earnings at $1.34 EPS and FY2021 earnings at ($2.78) EPS.
A number of other research analysts also recently issued reports on the company. DA Davidson reissued a “neutral” rating and issued a $15.00 price target on shares of Abercrombie & Fitch in a report on Thursday, March 5th. ValuEngine raised Abercrombie & Fitch from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. TheStreet cut Abercrombie & Fitch from a “c” rating to a “d+” rating in a report on Thursday, May 28th. Morgan Stanley dropped their target price on Abercrombie & Fitch from $13.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, April 21st. Finally, Wedbush reiterated a “buy” rating and set a $16.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Abercrombie & Fitch currently has an average rating of “Buy” and an average price target of $16.67.
ANF opened at $9.81 on Monday. The business’s 50-day moving average is $11.65 and its two-hundred day moving average is $13.30. Abercrombie & Fitch has a 1 year low of $7.41 and a 1 year high of $19.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.32 and a quick ratio of 0.88. The firm has a market capitalization of $604.27 million, a PE ratio of -3.28 and a beta of 1.35.
Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Thursday, May 28th. The apparel retailer reported ($3.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.39) by ($1.90). Abercrombie & Fitch had a negative net margin of 5.50% and a negative return on equity of 14.29%. The company had revenue of $485.36 million during the quarter, compared to analysts’ expectations of $535.33 million. During the same quarter last year, the firm earned ($0.29) EPS. Abercrombie & Fitch’s revenue for the quarter was down 33.9% on a year-over-year basis.
A number of institutional investors and hedge funds have recently bought and sold shares of ANF. Prentice Capital Management LP acquired a new position in Abercrombie & Fitch during the 4th quarter worth about $41,230,000. State Street Corp lifted its stake in Abercrombie & Fitch by 58.9% during the 1st quarter. State Street Corp now owns 3,512,554 shares of the apparel retailer’s stock worth $31,929,000 after acquiring an additional 1,301,764 shares in the last quarter. Norges Bank acquired a new position in Abercrombie & Fitch during the 4th quarter worth about $17,569,000. Schonfeld Strategic Advisors LLC raised its position in Abercrombie & Fitch by 598.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 982,852 shares of the apparel retailer’s stock valued at $16,994,000 after purchasing an additional 842,052 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in Abercrombie & Fitch in the 1st quarter valued at about $6,702,000. 99.00% of the stock is currently owned by hedge funds and other institutional investors.
About Abercrombie & Fitch
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.
Read More: Most Active Stocks
Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.