Q2 2024 Earnings Forecast for Abercrombie & Fitch Co. Issued By Telsey Advisory Group (NYSE:ANF)

Abercrombie & Fitch Co. (NYSE:ANF – Get Rating) – Stock analysts at Telsey Advisory Group upped their Q2 2024 earnings per share (EPS) estimates for Abercrombie & Fitch in a note issued to investors on Thursday, May 25th. Telsey Advisory Group analyst D. Telsey now forecasts that the apparel retailer will post earnings per share of $0.14 for the quarter, up from their previous forecast of $0.09. Telsey Advisory Group has a “Outperform” rating and a $33.00 price objective on the stock. The consensus estimate for Abercrombie & Fitch’s current full-year earnings is $1.43 per share. Telsey Advisory Group also issued estimates for Abercrombie & Fitch’s Q3 2024 earnings at $0.36 EPS, Q4 2024 earnings at $1.29 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.43 EPS, Q4 2025 earnings at $1.40 EPS and FY2025 earnings at $2.50 EPS.

ANF has been the subject of several other research reports. Jefferies Financial Group reduced their price objective on shares of Abercrombie & Fitch from $35.00 to $30.00 in a report on Tuesday, May 9th. Morgan Stanley raised their price objective on shares of Abercrombie & Fitch from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, March 2nd. JPMorgan Chase & Co. cut their target price on Abercrombie & Fitch from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, March 2nd. StockNews.com assumed coverage on Abercrombie & Fitch in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, UBS Group raised their target price on Abercrombie & Fitch from $28.00 to $32.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.75.

Abercrombie & Fitch Stock Down 5.3 %

Shares of Abercrombie & Fitch stock opened at $28.56 on Friday. Abercrombie & Fitch has a 1-year low of $14.02 and a 1-year high of $31.69. The company has a market capitalization of $1.43 billion, a P/E ratio of 476.00 and a beta of 1.45. The business’s fifty day moving average price is $24.89 and its two-hundred day moving average price is $25.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.36 and a quick ratio of 0.80.

Abercrombie & Fitch (NYSE:ANF – Get Rating) last announced its quarterly earnings results on Wednesday, May 24th. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.41. The company had revenue of $836.00 million for the quarter, compared to analyst estimates of $814.93 million. Abercrombie & Fitch had a net margin of 0.08% and a return on equity of 1.90%. Abercrombie & Fitch’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.27) earnings per share.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its holdings in shares of Abercrombie & Fitch by 50.1% during the first quarter. Ameriprise Financial Inc. now owns 288,981 shares of the apparel retailer’s stock valued at $8,019,000 after acquiring an additional 96,486 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Abercrombie & Fitch by 38.8% during the 1st quarter. JPMorgan Chase & Co. now owns 377,431 shares of the apparel retailer’s stock worth $10,473,000 after purchasing an additional 105,479 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Abercrombie & Fitch by 985.0% during the 1st quarter. Advisory Services Network LLC now owns 1,085 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 985 shares in the last quarter. Kiwi Wealth Investments Limited Partnership acquired a new stake in shares of Abercrombie & Fitch in the 1st quarter valued at $1,583,000. Finally, Castleark Management LLC bought a new stake in Abercrombie & Fitch in the first quarter worth $3,415,000.

Abercrombie & Fitch Company Profile

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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.