Abercrombie & Fitch Co. (NYSE:ANF) – Research analysts at FBR & Co decreased their Q3 2017 EPS estimates for Abercrombie & Fitch Co. in a research report issued on Monday. FBR & Co analyst S. Anderson now expects that the firm will earn $0.21 per share for the quarter, down from their previous estimate of $0.23. FBR & Co has a “Underperform” rating and a $14.00 price objective on the stock. FBR & Co also issued estimates for Abercrombie & Fitch Co.’s Q4 2017 earnings at $1.07 EPS, FY2017 earnings at $0.45 EPS, FY2018 earnings at $0.75 EPS and FY2019 earnings at $0.96 EPS.

Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings results on Tuesday, August 30th. The apparel retailer reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.05. Abercrombie & Fitch Co. had a return on equity of 3.98% and a net margin of 1.36%. The firm had revenue of $783.20 million for the quarter, compared to the consensus estimate of $782.64 million. During the same period in the previous year, the company posted $0.12 EPS. Abercrombie & Fitch Co.’s quarterly revenue was down 4.2% compared to the same quarter last year.

Earnings History and Estimates for Abercrombie & Fitch Co. (NYSE:ANF)

A number of other equities analysts also recently commented on the company. Vetr upgraded Abercrombie & Fitch Co. from a “buy” rating to a “strong-buy” rating and set a $19.36 price objective on the stock in a research report on Wednesday, September 21st. Argus reiterated a “hold” rating on shares of Abercrombie & Fitch Co. in a research report on Friday, September 23rd. Credit Suisse Group AG reiterated a “sell” rating and set a $18.00 price objective on shares of Abercrombie & Fitch Co. in a research report on Friday, August 26th. Deutsche Bank AG restated a “hold” rating and issued a $20.00 target price (down previously from $23.00) on shares of Abercrombie & Fitch Co. in a research report on Monday, August 15th. Finally, Wolfe Research downgraded Abercrombie & Fitch Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $21.85.

Abercrombie & Fitch Co. (NYSE:ANF) opened at 15.99 on Tuesday. The stock’s 50 day moving average price is $15.54 and its 200-day moving average price is $19.34. Abercrombie & Fitch Co. has a 52-week low of $14.00 and a 52-week high of $32.83. The company has a market cap of $1.08 billion, a P/E ratio of 23.51 and a beta of 1.31.

In related news, insider Bonadies Fran Horowitz bought 15,000 shares of the stock in a transaction on Thursday, September 8th. The shares were purchased at an average price of $17.32 per share, for a total transaction of $259,800.00. Following the acquisition, the insider now owns 44,701 shares in the company, valued at $774,221.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig R. Stapleton bought 10,000 shares of the stock in a transaction on Thursday, September 1st. The shares were bought at an average price of $17.65 per share, for a total transaction of $176,500.00. Following the acquisition, the director now owns 57,398 shares in the company, valued at approximately $1,013,074.70. The disclosure for this purchase can be found here. Company insiders own 0.85% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Panagora Asset Management Inc. raised its position in shares of Abercrombie & Fitch Co. by 86.8% in the third quarter. Panagora Asset Management Inc. now owns 7,104 shares of the apparel retailer’s stock worth $113,000 after buying an additional 3,302 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Abercrombie & Fitch Co. during the second quarter worth $139,000. Macquarie Group Ltd. acquired a new position in shares of Abercrombie & Fitch Co. during the second quarter worth $169,000. Teacher Retirement System of Texas raised its position in shares of Abercrombie & Fitch Co. by 12.4% in the second quarter. Teacher Retirement System of Texas now owns 9,546 shares of the apparel retailer’s stock worth $170,000 after buying an additional 1,053 shares in the last quarter. Finally, Suntrust Banks Inc. acquired a new position in shares of Abercrombie & Fitch Co. during the third quarter worth $172,000.

About Abercrombie & Fitch Co.

Abercrombie & Fitch Co (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands.

5 Day Chart for NYSE:ANF

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