Abercrombie & Fitch (ANF) Scheduled to Post Quarterly Earnings on Tuesday

Abercrombie & Fitch (NYSE:ANF) will announce its earnings results before the market opens on Tuesday, November 26th. Analysts expect the company to announce earnings of $2.31 per share for the quarter. Abercrombie & Fitch has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. On average, analysts expect Abercrombie & Fitch to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Abercrombie & Fitch Stock Performance

ANF stock opened at $151.99 on Friday. Abercrombie & Fitch has a 1 year low of $72.13 and a 1 year high of $196.99. The stock’s 50 day moving average price is $142.72 and its 200 day moving average price is $153.13. The firm has a market cap of $7.76 billion, a P/E ratio of 16.10 and a beta of 1.50.

Analysts Set New Price Targets

ANF has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Friday, August 30th. Jefferies Financial Group raised their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. lifted their price target on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $177.43.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the sale, the director now owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. This represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Samir Desai sold 19,041 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the sale, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at $3,676,109.60. The trade was a 40.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,541 shares of company stock valued at $4,310,256 over the last quarter. 2.58% of the stock is owned by company insiders.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.