Q2 EPS Estimates for ANF Reduced by Telsey Advisory Group

Abercrombie & Fitch Co. (NYSE:ANF) – Telsey Advisory Group reduced their Q2 2026 earnings estimates for Abercrombie & Fitch in a note issued to investors on Thursday, May 29th. Telsey Advisory Group analyst D. Telsey now anticipates that the apparel retailer will post earnings of $2.30 per share for the quarter, down from their prior forecast of $2.59. Telsey Advisory Group has a “Outperform” rating and a $125.00 price target on the stock. The consensus estimate for Abercrombie & Fitch’s current full-year earnings is $10.62 per share. Telsey Advisory Group also issued estimates for Abercrombie & Fitch’s Q1 2027 earnings at $1.70 EPS, Q2 2027 earnings at $2.46 EPS, Q3 2027 earnings at $2.85 EPS and Q4 2027 earnings at $4.25 EPS.

Several other brokerages have also recently weighed in on ANF. Morgan Stanley upped their price objective on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of Abercrombie & Fitch from $142.00 to $147.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group reiterated a “buy” rating on shares of Abercrombie & Fitch in a research report on Wednesday. Citigroup restated a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday. Finally, Wall Street Zen lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 9th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and an average target price of $111.38.

Abercrombie & Fitch Trading Down 5.6%

Shares of Abercrombie & Fitch stock opened at $78.38 on Friday. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 7.75 and a beta of 1.47. Abercrombie & Fitch has a 1-year low of $65.40 and a 1-year high of $194.38. The firm’s 50-day moving average price is $74.51 and its two-hundred day moving average price is $107.43.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.24. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.14 earnings per share.

Institutional Investors Weigh In On Abercrombie & Fitch

Several hedge funds have recently bought and sold shares of ANF. AQR Capital Management LLC raised its holdings in Abercrombie & Fitch by 198.2% in the first quarter. AQR Capital Management LLC now owns 1,955,927 shares of the apparel retailer’s stock worth $144,582,000 after purchasing an additional 1,300,070 shares during the period. Invesco Ltd. raised its holdings in Abercrombie & Fitch by 150.7% in the fourth quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer’s stock worth $221,910,000 after purchasing an additional 892,492 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Abercrombie & Fitch in the first quarter worth $56,569,000. Norges Bank acquired a new stake in Abercrombie & Fitch in the fourth quarter worth $88,478,000. Finally, Pacer Advisors Inc. raised its holdings in Abercrombie & Fitch by 3,113.1% in the first quarter. Pacer Advisors Inc. now owns 506,088 shares of the apparel retailer’s stock worth $38,650,000 after purchasing an additional 490,337 shares during the period.

Abercrombie & Fitch announced that its board has authorized a stock buyback program on Wednesday, March 5th that permits the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization permits the apparel retailer to repurchase up to 29.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.