Abercrombie & Fitch (NYSE:ANF – Get Rating) posted its quarterly earnings data on Wednesday. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.41, Briefing.com reports. The business had revenue of $836.00 million during the quarter, compared to the consensus estimate of $814.93 million. Abercrombie & Fitch had a net margin of 0.96% and a return on equity of 6.82%. Abercrombie & Fitch’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) EPS.
Abercrombie & Fitch Price Performance
NYSE:ANF opened at $28.76 on Friday. The company has a 50-day moving average of $24.89 and a 200-day moving average of $25.25. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 40.80 and a beta of 1.45. Abercrombie & Fitch has a 52 week low of $14.02 and a 52 week high of $31.69. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.80 and a current ratio of 1.44.
Hedge Funds Weigh In On Abercrombie & Fitch
Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new stake in shares of Abercrombie & Fitch during the 1st quarter worth about $29,000. Advisory Services Network LLC increased its position in shares of Abercrombie & Fitch by 985.0% during the 1st quarter. Advisory Services Network LLC now owns 1,085 shares of the apparel retailer’s stock worth $30,000 after purchasing an additional 985 shares in the last quarter. Metropolitan Life Insurance Co NY increased its position in Abercrombie & Fitch by 19.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,078 shares of the apparel retailer’s stock valued at $71,000 after acquiring an additional 511 shares in the last quarter. Captrust Financial Advisors increased its position in Abercrombie & Fitch by 24.9% in the 2nd quarter. Captrust Financial Advisors now owns 4,580 shares of the apparel retailer’s stock valued at $77,000 after acquiring an additional 913 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in Abercrombie & Fitch in the 1st quarter valued at about $95,000.
Analyst Upgrades and Downgrades
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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