Abercrombie & Fitch Co. (NYSE:ANF) – Stock analysts at Jefferies Financial Group lifted their FY2022 earnings per share estimates for shares of Abercrombie & Fitch in a research report issued to clients and investors on Tuesday, November 23rd. Jefferies Financial Group analyst J. Stichter now forecasts that the apparel retailer will post earnings per share of $4.88 for the year, up from their previous estimate of $4.64. Jefferies Financial Group currently has a “Buy” rating on the stock.
Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Tuesday, November 23rd. The apparel retailer reported $0.86 EPS for the quarter, beating the consensus estimate of $0.66 by $0.20. Abercrombie & Fitch had a net margin of 7.66% and a return on equity of 32.06%. The business had revenue of $905.20 million during the quarter, compared to analysts’ expectations of $895.17 million. During the same period in the previous year, the business posted $0.76 EPS. The business’s quarterly revenue was up 10.4% compared to the same quarter last year.
ANF opened at $39.25 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.69 and a quick ratio of 1.22. The firm has a fifty day moving average price of $41.03 and a 200 day moving average price of $40.26. Abercrombie & Fitch has a 1 year low of $18.69 and a 1 year high of $48.97. The stock has a market cap 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.
In other news, insider Kristin A. Scott sold 5,791 shares of the business’s stock in a transaction dated Wednesday, November 3rd. The shares were 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 is available at this hyperlink. Also, Director Kerrii B. Anderson purchased 1,000 shares of the stock in a transaction dated Thursday, September 2nd. The shares were purchased at an average cost of $35.17 per share, for a total transaction of $35,170.00. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Abercrombie & Fitch by 2.3% in the second quarter. Vanguard Group Inc. now owns 7,055,533 shares of the apparel retailer’s stock valued at $327,588,000 after buying an additional 160,713 shares during the last quarter. Paradice Investment Management LLC lifted its position in Abercrombie & Fitch by 5.0% in the third quarter. Paradice Investment Management LLC now owns 2,825,047 shares of the apparel retailer’s stock valued at $106,307,000 after buying an additional 134,224 shares during the last quarter. State Street Corp lifted its position in Abercrombie & Fitch by 4.1% in the second quarter. State Street Corp now owns 2,377,971 shares of the apparel retailer’s stock valued at $110,409,000 after buying an additional 92,921 shares during the last quarter. Melvin Capital Management LP acquired a new position in Abercrombie & Fitch in the second quarter valued at about $50,841,000. Finally, Geode Capital Management LLC lifted its position in Abercrombie & Fitch by 5.6% in the second quarter. Geode Capital Management LLC now owns 1,064,402 shares of the apparel retailer’s stock valued at $49,420,000 after buying an additional 56,514 shares during the last quarter. 96.75% of the stock is currently owned by hedge funds and other institutional investors.
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.
See Also: Gap Up Stocks
Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.