Abercrombie & Fitch Co. (NYSE:ANF – Get Rating)’s stock price gapped up before the market opened on Wednesday after the company announced better than expected quarterly earnings. 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 trading hands.
The apparel retailer reported $0.39 EPS for the quarter, topping 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 business had revenue of $836.00 million for the quarter, compared to analysts’ expectations of $814.93 million. During the same quarter last year, the company posted ($0.27) earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year.
Wall Street Analysts Forecast Growth
ANF has been the topic of several research reports. Jefferies Financial Group dropped their price objective on shares of Abercrombie & Fitch from $35.00 to $30.00 in a research note on Tuesday, May 9th. Morgan Stanley increased their price objective on shares of Abercrombie & Fitch from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Thursday, March 2nd. JPMorgan Chase & Co. dropped their price target on shares of Abercrombie & Fitch from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, March 2nd. Telsey Advisory Group restated an “outperform” rating and issued a $33.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, March 1st. Finally, StockNews.com started coverage on shares of Abercrombie & Fitch in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Hold” and an average target price of $28.75.
Institutional Inflows and Outflows
Abercrombie & Fitch Stock Down 5.3 %
The firm’s fifty day moving average price is $24.89 and its 200-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. The firm has a market capitalization of $1.43 billion, a P/E ratio of 476.00 and a beta of 1.45.
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)
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