Abercrombie & Fitch (NYSE:ANF – Get Rating) issued its earnings results on Wednesday. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.41, Briefing.com reports. Abercrombie & Fitch had a net margin of 0.96% and a return on equity of 6.82%. The firm had revenue of $836.00 million for the quarter, compared to analysts’ expectations of $814.93 million. During the same quarter last year, the company posted ($0.27) earnings per share. Abercrombie & Fitch’s revenue was up 2.9% on a year-over-year basis.
Abercrombie & Fitch Price Performance
NYSE:ANF traded up $1.28 during trading hours on Friday, reaching $29.84. 1,052,285 shares of the company’s stock were exchanged, compared to its average volume of 1,720,361. The company has a market capitalization of $1.49 billion, a P/E ratio of 43.59 and a beta of 1.45. Abercrombie & Fitch has a 12 month low of $14.02 and a 12 month high of $31.69. The company has a quick ratio of 0.80, a current ratio of 1.44 and a debt-to-equity ratio of 0.42. The business’s 50-day simple moving average is $24.89 and its two-hundred day simple moving average is $25.25.
Analysts Set New Price Targets
Several brokerages have commented on ANF. UBS Group raised their price target on shares of Abercrombie & Fitch from $28.00 to $32.00 in a research note on Thursday. Citigroup raised their price target on shares of Abercrombie & Fitch from $24.00 to $33.00 in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Abercrombie & Fitch from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, March 2nd. StockNews.com assumed coverage on shares of Abercrombie & Fitch in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $33.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.75.
Institutional Trading of Abercrombie & Fitch
About Abercrombie & Fitch
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.
- Get a free copy of the StockNews.com research report on Abercrombie & Fitch (ANF)
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