Abercrombie & Fitch (NYSE:ANF) Announces Quarterly Earnings Results

Abercrombie & Fitch (NYSE:ANF) issued its quarterly earnings data on Wednesday. The apparel retailer reported $3.57 EPS for the quarter, beating the consensus estimate of $3.50 by $0.07, Zacks reports. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business posted $2.97 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year.

Abercrombie & Fitch Stock Down 12.6 %

Shares of Abercrombie & Fitch stock opened at $84.51 on Wednesday. Abercrombie & Fitch has a 52 week low of $84.53 and a 52 week high of $196.99. The firm’s 50 day moving average is $125.08 and its two-hundred day moving average is $138.29. The firm has a market capitalization of $4.26 billion, a P/E ratio of 9.52 and a beta of 1.49.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ANF shares. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, February 26th. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley decreased their target price on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 15th. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $173.00 to $220.00 in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.25.

Abercrombie & Fitch Company Profile

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.