FY2018 Earnings Estimate for Abercrombie & Fitch Company Issued By William Blair (NYSE:ANF)

Abercrombie & Fitch Company (NYSE:ANF) – Stock analysts at William Blair decreased their FY2018 earnings per share (EPS) estimates for shares of Abercrombie & Fitch Company in a research note issued on Monday. William Blair analyst D. Carden now anticipates that the apparel retailer will post earnings per share of ($0.36) for the year, down from their prior forecast of ($0.35).

Abercrombie & Fitch Company (NYSE:ANF) last issued its earnings results on Thursday, May 25th. The apparel retailer reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.70) by $0.21. Abercrombie & Fitch Company had a negative return on equity of 1.26% and a negative net margin of 0.55%. The firm had revenue of $661.10 million during the quarter, compared to the consensus estimate of $651.25 million. During the same quarter in the prior year, the business earned ($0.53) earnings per share. Abercrombie & Fitch Company’s revenue for the quarter was down 3.6% on a year-over-year basis.

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Several other equities research analysts have also weighed in on ANF. Vetr upgraded Abercrombie & Fitch Company from a “buy” rating to a “strong-buy” rating and set a $12.88 price target on the stock in a research report on Tuesday, March 21st. Royal Bank Of Canada restated a “sell” rating and set a $12.00 price target on shares of Abercrombie & Fitch Company in a research report on Monday, April 10th. Zacks Investment Research upgraded Abercrombie & Fitch Company from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC restated a “hold” rating and set a $13.00 price target on shares of Abercrombie & Fitch Company in a research report on Wednesday, May 3rd. Finally, Standpoint Research lowered Abercrombie & Fitch Company from a “buy” rating to a “reduce” rating in a research report on Wednesday, May 10th. Ten investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $13.89.

Shares of Abercrombie & Fitch Company (NYSE ANF) traded down 1.33% during trading on Wednesday, hitting $8.91. The company had a trading volume of 2,943,254 shares. The company’s 50 day moving average is $12.79 and its 200 day moving average is $12.19. Abercrombie & Fitch Company has a 1-year low of $8.88 and a 1-year high of $23.29. The firm’s market capitalization is $606.02 million.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Abercrombie & Fitch Company by 43,958.0% in the first quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock worth $99,898,000 after buying an additional 8,354,665 shares during the last quarter. Norges Bank purchased a new position in shares of Abercrombie & Fitch Company during the fourth quarter worth approximately $12,227,000. BNP Paribas Arbitrage SA raised its position in shares of Abercrombie & Fitch Company by 151.7% in the first quarter. BNP Paribas Arbitrage SA now owns 711,834 shares of the apparel retailer’s stock worth $8,492,000 after buying an additional 428,968 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Abercrombie & Fitch Company during the first quarter worth approximately $5,055,000. Finally, State Street Corp raised its position in shares of Abercrombie & Fitch Company by 11.0% in the first quarter. State Street Corp now owns 3,297,400 shares of the apparel retailer’s stock worth $39,340,000 after buying an additional 326,288 shares during the last quarter.

About Abercrombie & Fitch Company

Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.

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

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