Abercrombie & Fitch Co. (NYSE:ANF) – Equities researchers at Jefferies Financial Group decreased their Q3 2019 earnings estimates for shares of Abercrombie & Fitch in a research report issued to clients and investors on Wednesday, November 14th. Jefferies Financial Group analyst J. Stichter now anticipates that the apparel retailer will earn $0.17 per share for the quarter, down from their previous forecast of $0.23. Jefferies Financial Group also issued estimates for Abercrombie & Fitch’s FY2019 earnings at $0.70 EPS and FY2020 earnings at $0.90 EPS.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Thursday, August 30th. The apparel retailer reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.10. The firm had revenue of $842.41 million for the quarter, compared to the consensus estimate of $845.11 million. Abercrombie & Fitch had a net margin of 1.05% and a return on equity of 7.02%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted ($0.16) EPS.

Several other equities analysts have also recently weighed in on the stock. Wedbush decreased their price target on shares of Abercrombie & Fitch from $25.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, October 11th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $16.00 price target on shares of Abercrombie & Fitch in a research note on Thursday, October 11th. ValuEngine cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. Zacks Investment Research cut shares of Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. Finally, Morgan Stanley raised their price target on shares of Abercrombie & Fitch from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 4th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.14.

Shares of ANF stock opened at $17.53 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.43 and a current ratio of 2.25. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 1.59 and a beta of 0.46. Abercrombie & Fitch has a 52 week low of $12.36 and a 52 week high of $29.69.

Large investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Abercrombie & Fitch by 7.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 29,320 shares of the apparel retailer’s stock worth $717,000 after buying an additional 2,150 shares in the last quarter. Vident Investment Advisory LLC grew its position in Abercrombie & Fitch by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 159,430 shares of the apparel retailer’s stock valued at $3,903,000 after acquiring an additional 2,391 shares during the last quarter. Federated Investors Inc. PA grew its position in Abercrombie & Fitch by 1.0% in the second quarter. Federated Investors Inc. PA now owns 255,770 shares of the apparel retailer’s stock valued at $6,262,000 after acquiring an additional 2,482 shares during the last quarter. NumerixS Investment Technologies Inc grew its position in Abercrombie & Fitch by 25.0% in the second quarter. NumerixS Investment Technologies Inc now owns 17,125 shares of the apparel retailer’s stock valued at $439,000 after acquiring an additional 3,425 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its position in Abercrombie & Fitch by 17.8% in the second quarter. Wedge Capital Management L L P NC now owns 24,056 shares of the apparel retailer’s stock valued at $589,000 after acquiring an additional 3,639 shares during the last quarter.

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, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.

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

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