Abercrombie & Fitch Co. (NYSE:ANF) – Equities researchers at Jefferies Financial Group lowered their Q2 2021 earnings estimates for Abercrombie & Fitch in a report issued on Thursday, June 25th. Jefferies Financial Group analyst J. Stichter now forecasts that the apparel retailer will post earnings per share of ($0.84) for the quarter, down from their prior 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.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Thursday, May 28th. The apparel retailer reported ($3.29) 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 analyst estimates of $535.33 million. During the same period in the prior year, the business posted ($0.29) EPS. Abercrombie & Fitch’s revenue for the quarter was down 33.9% compared to the same quarter last year.

Several other research firms have also recently commented on ANF. Wedbush reaffirmed a “buy” rating and issued a $16.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, May 19th. B. Riley reaffirmed a “buy” rating and issued a $14.00 price target on shares of Abercrombie & Fitch in a report on Friday, May 29th. Morgan Stanley cut their target price on Abercrombie & Fitch from $13.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, April 21st. ValuEngine raised Abercrombie & Fitch from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Royal Bank of Canada raised their target price on Abercrombie & Fitch from $11.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Friday, May 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $16.67.

NYSE:ANF opened at $10.47 on Monday. Abercrombie & Fitch has a one year low of $7.41 and a one year high of $19.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.88 and a current ratio of 1.32. The stock has a market cap of $604.27 million, a PE ratio of -3.50 and a beta of 1.35. The stock has a 50 day moving average price of $11.64 and a 200 day moving average price of $13.26.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in Abercrombie & Fitch by 175.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,029 shares of the apparel retailer’s stock valued at $35,000 after purchasing an additional 1,293 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Abercrombie & Fitch by 68.4% in the first quarter. Valeo Financial Advisors LLC now owns 8,562 shares of the apparel retailer’s stock valued at $91,000 after purchasing an additional 3,479 shares during the period. Point72 Hong Kong Ltd boosted its holdings in Abercrombie & Fitch by 471.3% in the fourth quarter. Point72 Hong Kong Ltd now owns 9,083 shares of the apparel retailer’s stock valued at $157,000 after purchasing an additional 7,493 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Abercrombie & Fitch by 6.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,183 shares of the apparel retailer’s stock valued at $175,000 after purchasing an additional 624 shares during the period. Finally, ProShare Advisors LLC purchased a new position in Abercrombie & Fitch in the fourth quarter valued at $178,000. Institutional investors and hedge funds own 99.00% of the company’s stock.

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.

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

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