Abercrombie & Fitch Co. (NYSE:ANF) – Equities research analysts at Jefferies Financial Group increased their Q2 2022 EPS estimates for Abercrombie & Fitch in a research report issued on Wednesday, June 9th. Jefferies Financial Group analyst J. Stichter now expects that the apparel retailer will earn $0.78 per share for the quarter, up from their prior estimate of $0.75. Jefferies Financial Group currently has a “Buy” rating and a $57.00 target price on the stock.
A number of other research analysts have also recently weighed in on the company. B. Riley boosted their price objective on Abercrombie & Fitch from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, May 27th. Royal Bank of Canada increased their price objective on shares of Abercrombie & Fitch from $27.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 3rd. Robert W. Baird lifted their target price on shares of Abercrombie & Fitch from $32.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, May 27th. They noted that the move was a valuation call. Telsey Advisory Group increased their price target on Abercrombie & Fitch from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 25th. Finally, Morgan Stanley raised their price target on Abercrombie & Fitch from $22.00 to $31.00 and gave the company an “underweight” rating in a report on Friday, June 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $42.40.
Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Tuesday, May 25th. The apparel retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $1.05. Abercrombie & Fitch had a net margin of 5.02% and a return on equity of 22.88%. The firm had revenue of $781.50 million during the quarter, compared to the consensus estimate of $688.53 million. During the same quarter in the previous year, the firm posted ($3.29) EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Veriti Management LLC bought a new position in Abercrombie & Fitch during the 4th quarter valued at about $55,000. Captrust Financial Advisors grew its stake in shares of Abercrombie & Fitch by 1,644.5% during the first quarter. Captrust Financial Advisors now owns 2,390 shares of the apparel retailer’s stock valued at $82,000 after buying an additional 2,253 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of Abercrombie & Fitch in the first quarter worth approximately $126,000. Point72 Hong Kong Ltd bought a new position in Abercrombie & Fitch in the 1st quarter valued at $165,000. Finally, Walleye Capital LLC purchased a new stake in Abercrombie & Fitch in the fourth quarter worth $206,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Charles R. Perrin sold 31,268 shares of Abercrombie & Fitch stock in a transaction dated Thursday, April 29th. The stock was sold at an average price of $37.82, for a total value of $1,182,555.76. Following the completion of the transaction, the director now owns 37,255 shares in the company, valued at $1,408,984.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Fran Horowitz sold 243,000 shares of the company’s stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $37.83, for a total value of $9,192,690.00. Following the sale, the chief executive officer now owns 754,032 shares in the company, valued at $28,525,030.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 325,268 shares of company stock worth $12,415,246. Corporate insiders own 1.60% of the company’s stock.
Abercrombie & Fitch Company Profile
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.
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