Abercrombie & Fitch (NYSE:ANF – Get Rating) announced its quarterly earnings results on Tuesday. The apparel retailer reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.14, Briefing.com reports. Abercrombie & Fitch had a net margin of 2.16% and a return on equity of 11.57%. The company had revenue of $880.10 million for the quarter, compared to analyst estimates of $831.17 million. During the same quarter in the prior year, the business posted $0.86 EPS. Abercrombie & Fitch’s quarterly revenue was down 2.8% on a year-over-year basis. Abercrombie & Fitch updated its FY 2022 guidance to EPS and its Q4 2022 guidance to EPS.
Abercrombie & Fitch Price Performance
NYSE:ANF opened at $22.00 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.32 and a quick ratio of 0.58. Abercrombie & Fitch has a one year low of $14.02 and a one year high of $47.55. The company has a fifty day moving average price of $16.81 and a 200 day moving average price of $18.92. The stock has a market cap of $1.09 billion, a P/E ratio of 15.02 and a beta of 1.37.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on ANF. B. Riley cut their target price on Abercrombie & Fitch from $35.00 to $30.00 in a report on Tuesday, August 16th. StockNews.com assumed coverage on Abercrombie & Fitch in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley dropped their price target on shares of Abercrombie & Fitch from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 30th. Citigroup reduced their price objective on shares of Abercrombie & Fitch from $21.00 to $19.00 in a research note on Wednesday, August 31st. Finally, Telsey Advisory Group dropped their target price on shares of Abercrombie & Fitch from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, August 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Abercrombie & Fitch presently has an average rating of “Hold” and an average price target of $21.17.
Institutional Inflows and Outflows
About Abercrombie & Fitch
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands.
- Get a free copy of the StockNews.com research report on Abercrombie & Fitch (ANF)
- Stock-ing Stuffers: 3 Attractive Stocks Trading Around $10
- Want to Get a 10% Dividend Yield, Look Here
- NVIDIA Corporation: Too Many Comeback Catalysts to Ignore
- Is This The Right Time to Invest in Alibaba?
- Three Ways To Win The Online Gambling Industry
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.