Abercrombie & Fitch Co. (NYSE:ANF) – B. Riley dropped their FY2020 earnings per share (EPS) estimates for Abercrombie & Fitch in a research report issued to clients and investors on Thursday, November 7th. B. Riley analyst S. Anderson now expects that the apparel retailer will post earnings per share of $0.76 for the year, down from their previous estimate of $0.86. B. Riley currently has a “Hold” rating and a $15.00 price target on the stock. B. Riley also issued estimates for Abercrombie & Fitch’s Q4 2020 earnings at $1.29 EPS, Q3 2021 earnings at $0.30 EPS, Q4 2021 earnings at $1.40 EPS and FY2021 earnings at $1.23 EPS.
Several other research firms have also commented on ANF. Wedbush set a $16.00 price objective on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Friday, August 30th. Morgan Stanley dropped their price objective on shares of Abercrombie & Fitch from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Tuesday, September 3rd. Deutsche Bank raised shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating and dropped their price objective for the stock from $15.00 to $14.00 in a research note on Friday, August 30th. Wolfe Research raised shares of Abercrombie & Fitch from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, September 4th. They noted that the move was a valuation call. Finally, DA Davidson began coverage on shares of Abercrombie & Fitch in a research note on Tuesday, September 17th. They set a “neutral” rating and a $18.00 price objective for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.64.
Shares of ANF stock traded down $0.44 on Friday, reaching $17.68. The company’s stock had a trading volume of 1,351,170 shares, compared to its average volume of 2,672,724. The stock’s fifty day simple moving average is $15.88 and its 200-day simple moving average is $18.48. Abercrombie & Fitch has a 1 year low of $13.58 and a 1 year high of $30.63. The company has a current ratio of 1.48, a quick ratio of 0.87 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.57 and a beta of 0.95.
Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Thursday, August 29th. The apparel retailer reported ($0.48) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.52) by $0.04. Abercrombie & Fitch had a net margin of 2.00% and a return on equity of 5.84%. The business had revenue of $841.08 million for the quarter, compared to analysts’ expectations of $847.96 million. During the same quarter in the prior year, the business earned $0.06 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in shares of Abercrombie & Fitch in the second quarter valued at about $85,000. Meeder Asset Management Inc. raised its holdings in shares of Abercrombie & Fitch by 2,008.5% in the second quarter. Meeder Asset Management Inc. now owns 5,714 shares of the apparel retailer’s stock valued at $91,000 after acquiring an additional 5,443 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Abercrombie & Fitch in the third quarter valued at about $118,000. FrontFour Capital Group LLC bought a new stake in shares of Abercrombie & Fitch in the second quarter valued at about $154,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Abercrombie & Fitch in the second quarter valued at about $251,000.
About Abercrombie & Fitch
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.
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