Abercrombie & Fitch Co. to Post FY2021 Earnings of ($1.08) Per Share, William Blair Forecasts (NYSE:ANF)


Share on StockTwits

Abercrombie & Fitch Co. (NYSE:ANF) – Analysts at William Blair raised their FY2021 earnings estimates for Abercrombie & Fitch in a research report issued to clients and investors on Monday, January 11th. William Blair analyst D. Carden now expects that the apparel retailer will post earnings per share of ($1.08) for the year, up from their prior forecast of ($1.42). William Blair also issued estimates for Abercrombie & Fitch’s Q4 2021 earnings at $1.16 EPS, Q1 2022 earnings at ($0.57) EPS, Q2 2022 earnings at ($0.21) EPS, Q3 2022 earnings at $0.66 EPS and Q4 2022 earnings at $1.23 EPS.

Several other research firms have also recently weighed in on ANF. Morgan Stanley upped their price objective on shares of Abercrombie & Fitch from $10.00 to $14.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 1st. They noted that the move was a valuation call. JPMorgan Chase & Co. upped their price objective on shares of Abercrombie & Fitch from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday. Smith Barney Citigroup upped their price objective on shares of Abercrombie & Fitch from $20.00 to $28.00 in a research report on Wednesday, November 25th. Telsey Advisory Group upped their price objective on shares of Abercrombie & Fitch from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Robert W. Baird upped their price objective on shares of Abercrombie & Fitch from $14.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Abercrombie & Fitch presently has an average rating of “Hold” and an average target price of $22.46.

Shares of Abercrombie & Fitch stock opened at $23.70 on Thursday. Abercrombie & Fitch has a 12-month low of $7.41 and a 12-month high of $24.28. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -12.74 and a beta of 1.82. The company has a current ratio of 1.60, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $21.05 and its 200-day moving average price is $15.37.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Tuesday, November 24th. The apparel retailer reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.81. Abercrombie & Fitch had a negative net margin of 3.55% and a negative return on equity of 6.61%. The firm had revenue of $819.65 million for the quarter, compared to the consensus estimate of $735.27 million. During the same period in the prior year, the firm posted $0.23 earnings per share.

Large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC grew its position in shares of Abercrombie & Fitch by 333.3% during the third quarter. Nisa Investment Advisors LLC now owns 4,030 shares of the apparel retailer’s stock worth $56,000 after purchasing an additional 3,100 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of Abercrombie & Fitch in the third quarter valued at $58,000. Acadian Asset Management LLC grew its holdings in shares of Abercrombie & Fitch by 134.4% in the third quarter. Acadian Asset Management LLC now owns 4,331 shares of the apparel retailer’s stock valued at $61,000 after purchasing an additional 2,483 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Abercrombie & Fitch in the third quarter valued at $158,000. Finally, Handelsbanken Fonder AB purchased a new position in shares of Abercrombie & Fitch in the second quarter valued at $132,000. 98.55% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Charles R. Perrin sold 20,000 shares of Abercrombie & Fitch stock in a transaction dated Wednesday, November 25th. The stock was sold at an average price of $22.66, for a total value of $453,200.00. Following the completion of the sale, the director now directly owns 41,141 shares in the company, valued at approximately $932,255.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% 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 an assortment of apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, and Gilly Hicks brands.

See Also: Net Income

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

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.