Abercrombie & Fitch (NYSE:ANF) Releases Quarterly Earnings Results, Beats Expectations By $0.41 EPS

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

A number of brokerages have weighed in on ANF. Jefferies Financial Group reduced their price target on shares of Abercrombie & Fitch from $35.00 to $30.00 in a report on Tuesday, May 9th. JPMorgan Chase & Co. reduced their price target on shares of Abercrombie & Fitch from $31.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, March 2nd. UBS Group increased their price target on shares of Abercrombie & Fitch from $28.00 to $32.00 in a report on Thursday. Morgan Stanley increased their price target on shares of Abercrombie & Fitch from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, March 2nd. Finally, Citigroup increased their price target on shares of Abercrombie & Fitch from $24.00 to $33.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $28.75.

Abercrombie & Fitch Company Profile

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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.