Abercrombie & Fitch (NYSE:ANF – Get Rating) posted its quarterly earnings results on Wednesday. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $814.93 million. During the same quarter last year, the firm posted ($0.27) earnings per share. Abercrombie & Fitch’s revenue for the quarter was up 2.9% compared to the same quarter last year.
Abercrombie & Fitch Stock Performance
Shares of ANF traded up $1.35 during midday trading on Friday, hitting $29.91. 851,757 shares of the stock traded hands, compared to its average volume of 1,717,174. Abercrombie & Fitch has a 1-year low of $14.02 and a 1-year high of $31.69. The firm has a market capitalization of $1.50 billion, a PE ratio of 43.59 and a beta of 1.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.80 and a current ratio of 1.44. The business’s 50 day moving average price is $24.89 and its two-hundred day moving average price is $25.25.
Hedge Funds Weigh In On Abercrombie & Fitch
Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP acquired a new stake in Abercrombie & Fitch in the first quarter worth about $29,000. Advisory Services Network LLC raised its position in Abercrombie & Fitch by 985.0% in the first quarter. Advisory Services Network LLC now owns 1,085 shares of the apparel retailer’s stock worth $30,000 after acquiring an additional 985 shares in the last quarter. Metropolitan Life Insurance Co NY raised its position in Abercrombie & Fitch by 19.9% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 3,078 shares of the apparel retailer’s stock worth $71,000 after acquiring an additional 511 shares in the last quarter. Captrust Financial Advisors raised its position in Abercrombie & Fitch by 24.9% in the second quarter. Captrust Financial Advisors now owns 4,580 shares of the apparel retailer’s stock worth $77,000 after acquiring an additional 913 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in Abercrombie & Fitch in the first quarter worth about $95,000.
Wall Street Analysts Forecast Growth
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.
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