Abercrombie & Fitch Co. (NYSE:ANF) – Research analysts at FBR & Co cut their Q3 2017 earnings per share estimates for shares of Abercrombie & Fitch Co. in a research note issued on Tuesday. FBR & Co analyst S. Anderson now expects that the brokerage will post earnings per share of $0.20 for the quarter, down from their prior estimate of $0.21. FBR & Co currently has a “Underperform” rating and a $14.00 price target on the stock. FBR & Co also issued estimates for Abercrombie & Fitch Co.’s Q4 2017 earnings at $0.99 EPS, FY2017 earnings at $0.36 EPS, FY2018 earnings at $0.66 EPS and FY2019 earnings at $0.87 EPS.

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

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

A number of other equities research analysts have also recently issued reports on ANF. Zacks Investment Research upgraded Abercrombie & Fitch Co. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Vetr raised Abercrombie & Fitch Co. from a “sell” rating to a “buy” rating and set a $20.70 price target on the stock in a report on Tuesday, August 2nd. Deutsche Bank AG reissued a “hold” rating and set a $20.00 price target (down from $23.00) on shares of Abercrombie & Fitch Co. in a report on Monday, August 15th. Jefferies Group reissued a “buy” rating on shares of Abercrombie & Fitch Co. in a report on Tuesday, August 23rd. Finally, Mizuho lowered their price target on Abercrombie & Fitch Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, August 25th. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have assigned a buy rating to the stock. Abercrombie & Fitch Co. has a consensus rating of “Hold” and an average price target of $21.85.

Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 16.93 on Wednesday. Abercrombie & Fitch Co. has a 52-week low of $14.00 and a 52-week high of $32.83. The company has a 50 day moving average of $15.57 and a 200 day moving average of $19.03. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 24.90 and a beta of 1.31.

A number of hedge funds have recently made changes to their positions in ANF. Price T Rowe Associates Inc. MD raised its position in Abercrombie & Fitch Co. by 46.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 18,680 shares of the apparel retailer’s stock worth $297,000 after buying an additional 5,900 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Abercrombie & Fitch Co. by 65.1% in the third quarter. Ameritas Investment Partners Inc. now owns 26,505 shares of the apparel retailer’s stock worth $421,000 after buying an additional 10,449 shares in the last quarter. Panagora Asset Management Inc. raised its position in 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. The Manufacturers Life Insurance Company acquired a new position in Abercrombie & Fitch Co. during the third quarter worth approximately $2,179,000. Finally, SECOR Capital Advisors LP acquired a new position in Abercrombie & Fitch Co. during the third quarter worth approximately $215,000.

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

Abercrombie & Fitch Co. Company Profile

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

Receive News & Stock Ratings for Abercrombie & Fitch Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch Co. and related stocks with our FREE daily email newsletter.