Abercrombie & Fitch (NYSE:ANF) Issues Earnings Results

Abercrombie & Fitch (NYSE:ANF) released its earnings results on Tuesday. The apparel retailer reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.20, MarketWatch Earnings reports. The company had revenue of $905.20 million for the quarter, compared to analyst estimates of $895.17 million. Abercrombie & Fitch had a net margin of 7.66% and a return on equity of 32.06%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS.

Shares of ANF stock traded down $1.87 during mid-day trading on Thursday, reaching $39.25. 3,229,263 shares of the company were exchanged, compared to its average volume of 1,669,027. Abercrombie & Fitch has a fifty-two week low of $18.69 and a fifty-two week high of $48.97. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.69. The company has a market capitalization of $2.32 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.56 and a beta of 1.69. The business’s 50 day simple moving average is $40.99 and its 200 day simple moving average is $40.27.

ANF has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Abercrombie & Fitch from a “buy” rating to a “sell” rating and set a $42.00 price objective on the stock. in a report on Monday, November 1st. B. Riley increased their price objective on shares of Abercrombie & Fitch from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, November 17th. TheStreet upgraded shares of Abercrombie & Fitch from a “c” rating to a “b” rating in a report on Thursday, August 26th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of “Hold” and an average price target of $42.60.

In related news, insider Kristin A. Scott sold 5,791 shares of the firm’s stock in a transaction on Wednesday, November 3rd. The stock was sold at an average price of $45.00, for a total transaction of $260,595.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Suzanne M. Coulter bought 700 shares of the business’s stock in a transaction on Friday, August 27th. The stock was bought at an average price of $35.93 per share, for a total transaction of $25,151.00. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by company insiders.

A hedge fund recently bought a new stake in Abercrombie & Fitch stock. Janus Henderson Group PLC acquired a new stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,294 shares of the apparel retailer’s stock, valued at approximately $237,000. Institutional investors and hedge funds own 96.75% of the company’s stock.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear; and personal care products and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.

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Earnings History for Abercrombie & Fitch (NYSE:ANF)

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