Abercrombie & Fitch Co. (NYSE:ANF – Get Rating) shares gapped up before the market opened on Wednesday following a stronger than expected earnings report. The stock had previously closed at $23.01, but opened at $27.35. Abercrombie & Fitch shares last traded at $28.18, with a volume of 2,359,486 shares changing hands.
The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.41. Abercrombie & Fitch had a net margin of 0.08% and a return on equity of 1.90%. The firm had revenue of $836.00 million for the quarter, compared to the consensus estimate of $814.93 million. During the same period in the previous year, the company earned ($0.27) earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis.
Analyst Ratings Changes
Several research firms recently commented on ANF. Argus downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Jefferies Financial Group decreased their price target on shares of Abercrombie & Fitch from $35.00 to $30.00 in a research note on Tuesday, May 9th. StockNews.com began coverage on shares of Abercrombie & Fitch in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Citigroup upped their price target on shares of Abercrombie & Fitch from $24.00 to $33.00 in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Abercrombie & Fitch from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, March 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.75.
Institutional Inflows and Outflows
Abercrombie & Fitch Price Performance
The stock has a market cap of $1.43 billion, a P/E ratio of 476.00 and a beta of 1.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.36 and a quick ratio of 0.80. The business’s fifty day moving average price is $24.89 and its 200 day moving average price is $25.25.
Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear, and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.
- Get a free copy of the StockNews.com research report on Abercrombie & Fitch (ANF)
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.