Abercrombie & Fitch (NYSE:ANF) Releases Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Abercrombie & Fitch (NYSE:ANF) released its earnings results on Monday. The apparel retailer reported $0.86 EPS for the quarter, topping the consensus estimate of $0.66 by $0.20, MarketWatch Earnings reports. The firm had revenue of $905.20 million for the quarter, compared to the consensus estimate of $895.17 million. Abercrombie & Fitch had a net margin of 7.66% and a return on equity of 32.06%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share.

ANF traded down $1.87 on Wednesday, hitting $39.25. The company had a trading volume of 3,229,263 shares, compared to its average volume of 1,669,027. The company has a market cap of $2.32 billion, a PE ratio of 9.21, a PEG ratio of 0.56 and a beta of 1.69. Abercrombie & Fitch has a 12-month low of $18.69 and a 12-month high of $48.97. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $40.99 and its 200 day simple moving average is $40.27.

In other Abercrombie & Fitch news, Director Kerrii B. Anderson bought 1,000 shares of the company’s stock in a transaction on Thursday, September 2nd. The stock was acquired at an average price of $35.17 per share, for a total transaction of $35,170.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kristin A. Scott sold 5,791 shares of the business’s stock in a transaction that occurred on Wednesday, November 3rd. The shares were sold at an average price of $45.00, for a total value of $260,595.00. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

An institutional investor recently bought a new position in Abercrombie & Fitch stock. Janus Henderson Group PLC purchased a new stake in Abercrombie & Fitch Co. (NYSE:ANF) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,294 shares of the apparel retailer’s stock, valued at approximately $237,000. Hedge funds and other institutional investors own 96.75% of the company’s stock.

Several analysts have commented on the stock. B. Riley boosted their price target on shares of Abercrombie & Fitch from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, November 17th. Jefferies Financial Group reissued a “buy” rating on shares of Abercrombie & Fitch in a research note on Wednesday. TheStreet raised Abercrombie & Fitch from a “c” rating to a “b” rating in a research note on Thursday, August 26th. Finally, Zacks Investment Research cut Abercrombie & Fitch from a “buy” rating to a “sell” rating and set a $42.00 price objective on the stock. in a report on Monday, November 1st. Three analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $42.60.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear; and personal care products and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.

Further Reading: Trading Halts Explained

Earnings History for Abercrombie & Fitch (NYSE:ANF)

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