Abercrombie & Fitch (ANF) to Release Earnings on Tuesday

Abercrombie & Fitch (NYSE:ANF) is scheduled to announce its earnings results before the market opens on Tuesday, November 26th. Analysts expect the company to announce earnings of $2.31 per share for the quarter. Abercrombie & Fitch has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. On average, analysts expect Abercrombie & Fitch to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Abercrombie & Fitch Trading Up 7.4 %

ANF stock opened at $151.99 on Monday. The firm has a market cap of $7.76 billion, a PE ratio of 16.10 and a beta of 1.50. The business’s 50-day moving average price is $142.72 and its two-hundred day moving average price is $153.30. Abercrombie & Fitch has a 1-year low of $72.13 and a 1-year high of $196.99.

Insider Buying and Selling

In other news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The trade was a 40.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the sale, the director now directly owns 37,470 shares in the company, valued at approximately $5,222,568.60. The trade was a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,541 shares of company stock worth $4,310,256 in the last quarter. 2.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ANF shares. JPMorgan Chase & Co. increased their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Friday, August 30th. Jefferies Financial Group boosted their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. UBS Group raised their price objective on Abercrombie & Fitch from $165.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.43.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.