Abercrombie & Fitch (NYSE:ANF – Get Rating) posted its earnings results on Wednesday. The apparel retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.41, Briefing.com reports. Abercrombie & Fitch had a net margin of 0.08% and a return on equity of 1.90%. The company had revenue of $836.00 million for the quarter, compared to analyst estimates of $814.93 million. During the same period last year, the business posted ($0.27) earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year.
Abercrombie & Fitch Trading Down 5.3 %
Shares of ANF opened at $28.56 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.80 and a current ratio of 1.36. Abercrombie & Fitch has a 52-week low of $14.02 and a 52-week high of $31.69. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 476.00 and a beta of 1.45. The business’s fifty day moving average is $24.89 and its 200-day moving average is $25.25.
Analysts Set New Price Targets
Several analysts have commented on ANF shares. Telsey Advisory Group restated an “outperform” rating and set a $33.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, March 1st. Morgan Stanley boosted their price objective on shares of Abercrombie & Fitch from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Thursday, March 2nd. Argus cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. JPMorgan Chase & Co. cut their price target on Abercrombie & Fitch from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, March 2nd. Finally, UBS Group increased their price objective on Abercrombie & Fitch from $28.00 to $32.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.75.
Hedge Funds Weigh In On Abercrombie & Fitch
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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