Abercrombie & Fitch Co. (NYSE:ANF) – Equities research analysts at Jefferies Group issued their FY2018 EPS estimates for Abercrombie & Fitch in a report issued on Tuesday, according to Zacks Investment Research. Jefferies Group analyst J. Stichter forecasts that the apparel retailer will post earnings of $0.19 per share for the year. Jefferies Group has a “Hold” rating and a $17.00 price objective on the stock. Jefferies Group also issued estimates for Abercrombie & Fitch’s Q4 2018 earnings at $0.92 EPS and FY2019 earnings at $0.40 EPS.
ANF has been the subject of several other reports. B. Riley reissued a “neutral” rating on shares of Abercrombie & Fitch in a research note on Wednesday, November 1st. Argus upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Telsey Advisory Group boosted their price target on Abercrombie & Fitch from $12.00 to $17.00 and gave the company a “market perform” rating in a report on Monday, November 20th. TheStreet upgraded Abercrombie & Fitch from a “d+” rating to a “c-” rating in a report on Friday, November 24th. Finally, Robert W. Baird set a $16.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a report on Saturday, November 18th. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.13.
Shares of Abercrombie & Fitch (ANF) traded up $0.76 on Thursday, reaching $18.28. The company’s stock had a trading volume of 2,932,600 shares, compared to its average volume of 2,606,657. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. Abercrombie & Fitch has a 52-week low of $8.81 and a 52-week high of $19.11. The company has a market cap of $1,300.00, a P/E ratio of -63.03, a price-to-earnings-growth ratio of 12.15 and a beta of 0.96.
Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The business had revenue of $859.10 million during the quarter, compared to the consensus estimate of $818.41 million. During the same period in the prior year, the business posted $0.02 earnings per share. Abercrombie & Fitch’s revenue was up 4.6% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Southpoint Capital Advisors LP bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $18,038,000. Contrarius Investment Management Ltd purchased a new position in shares of Abercrombie & Fitch in the 3rd quarter worth approximately $15,040,000. Victory Capital Management Inc. purchased a new position in shares of Abercrombie & Fitch in the 2nd quarter worth approximately $10,138,000. Balyasny Asset Management LLC purchased a new position in shares of Abercrombie & Fitch in the 2nd quarter worth approximately $10,120,000. Finally, Vanguard Group Inc. grew its position in shares of Abercrombie & Fitch by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 6,643,799 shares of the apparel retailer’s stock worth $82,650,000 after buying an additional 567,021 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.
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About Abercrombie & Fitch
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
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