Abercrombie & Fitch Co. Forecasted to Earn Q2 2021 Earnings of ($0.84) Per Share (NYSE:ANF)

Abercrombie & Fitch Co. (NYSE:ANF) – Analysts at Jefferies Financial Group reduced their Q2 2021 EPS estimates for shares of Abercrombie & Fitch in a research note issued to investors on Thursday, June 25th. Jefferies Financial Group analyst J. Stichter now anticipates that the apparel retailer will earn ($0.84) per share for the quarter, down from their prior forecast of ($0.46). Jefferies Financial Group also issued estimates for Abercrombie & Fitch’s Q3 2021 earnings at $0.01 EPS, Q4 2021 earnings at $1.34 EPS and FY2021 earnings at ($2.78) EPS.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Thursday, May 28th. The apparel retailer reported ($3.29) EPS for the quarter, missing the consensus estimate of ($1.39) by ($1.90). The company had revenue of $485.36 million during the quarter, compared to analyst estimates of $535.33 million. Abercrombie & Fitch had a negative net margin of 5.50% and a negative return on equity of 14.29%. Abercrombie & Fitch’s revenue for the quarter was down 33.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.29) EPS.

ANF has been the subject of several other research reports. ValuEngine raised Abercrombie & Fitch from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. TheStreet lowered Abercrombie & Fitch from a “c” rating to a “d+” rating in a research report on Thursday, May 28th. Morgan Stanley lowered their price target on Abercrombie & Fitch from $13.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, April 21st. Wedbush reiterated a “buy” rating and issued a $16.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, May 19th. Finally, DA Davidson reiterated a “neutral” rating and issued a $15.00 target price on shares of Abercrombie & Fitch in a report on Thursday, March 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Abercrombie & Fitch has an average rating of “Buy” and a consensus price target of $16.67.

ANF stock opened at $10.47 on Monday. The business has a fifty day moving average of $11.64 and a two-hundred day moving average of $13.26. The company has a quick ratio of 0.88, a current ratio of 1.32 and a debt-to-equity ratio of 1.78. The stock has a market cap of $604.27 million, a price-to-earnings ratio of -3.50 and a beta of 1.35. Abercrombie & Fitch has a 52-week low of $7.41 and a 52-week high of $19.18.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in shares of Abercrombie & Fitch by 175.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,029 shares of the apparel retailer’s stock worth $35,000 after purchasing an additional 1,293 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of Abercrombie & Fitch by 68.4% during the first quarter. Valeo Financial Advisors LLC now owns 8,562 shares of the apparel retailer’s stock worth $91,000 after purchasing an additional 3,479 shares in the last quarter. Point72 Hong Kong Ltd increased its position in shares of Abercrombie & Fitch by 471.3% during the fourth quarter. Point72 Hong Kong Ltd now owns 9,083 shares of the apparel retailer’s stock worth $157,000 after purchasing an additional 7,493 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Abercrombie & Fitch by 6.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,183 shares of the apparel retailer’s stock worth $175,000 after purchasing an additional 624 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of Abercrombie & Fitch during the fourth quarter worth about $178,000. Institutional investors and hedge funds own 99.00% of the company’s stock.

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 apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.

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Earnings History and Estimates for Abercrombie & Fitch (NYSE:ANF)

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