Abercrombie & Fitch (NYSE:ANF) Announces Quarterly Earnings Results, Beats Expectations By $0.41 EPS

Abercrombie & Fitch (NYSE:ANF – Get Rating) announced its quarterly earnings data on Wednesday. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.41, Briefing.com reports. Abercrombie & Fitch had a return on equity of 1.90% and a net margin of 0.08%. The firm had revenue of $836.00 million during the quarter, compared to the consensus estimate of $814.93 million. During the same period in the prior year, the business earned ($0.27) EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $30.16 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $24.85 and a 200 day simple moving average of $25.23. The company has a market cap of $1.51 billion, a P/E ratio of 502.75 and a beta of 1.45. Abercrombie & Fitch has a 1 year low of $14.02 and a 1 year high of $31.69.

Institutional Trading of Abercrombie & Fitch

Large investors have recently modified their holdings of the company. Quarry LP bought a new stake in shares of Abercrombie & Fitch during the 1st quarter worth $29,000. Advisory Services Network LLC boosted its holdings in Abercrombie & Fitch by 985.0% in 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 during the period. Geneos Wealth Management Inc. bought a new stake in Abercrombie & Fitch in the 1st quarter valued at $95,000. Metropolitan Life Insurance Co NY boosted its holdings in Abercrombie & Fitch by 19.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,078 shares of the apparel retailer’s stock valued at $71,000 after purchasing an additional 511 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in Abercrombie & Fitch by 46.3% in the 1st quarter. Captrust Financial Advisors now owns 3,667 shares of the apparel retailer’s stock valued at $117,000 after purchasing an additional 1,161 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com assumed coverage on Abercrombie & Fitch in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Argus lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Morgan Stanley upped their target price on Abercrombie & Fitch from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday, March 2nd. Jefferies Financial Group dropped their target price on Abercrombie & Fitch from $35.00 to $30.00 in a research report on Tuesday, May 9th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $33.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, March 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Abercrombie & Fitch has an average rating of “Hold” and a consensus price target of $28.75.

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.