Brokers Issue Forecasts for Abercrombie & Fitch Co.’s FY2022 Earnings (NYSE:ANF)

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.

Several other research firms have also recently issued reports on ANF. B. Riley boosted their target price on shares of Abercrombie & Fitch from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, November 17th. TheStreet upgraded shares of Abercrombie & Fitch from a “c” rating to a “b” rating in a research note on Thursday, August 26th. Finally, Zacks Investment Research cut shares of Abercrombie & Fitch from a “buy” rating to a “sell” rating and set a $42.00 target price for the company. in a research note on Monday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.08.

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.

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

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