Abercrombie & Fitch (ANF) Set to Announce Quarterly Earnings on Wednesday

Abercrombie & Fitch (NYSE:ANF) is set to issue its quarterly earnings data before the market opens on Wednesday, May 29th. Analysts expect the company to announce earnings of $1.50 per share for the quarter. Abercrombie & Fitch has set its FY 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 EPS for the quarter, topping the consensus estimate of $2.83 by $0.14. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. Abercrombie & Fitch’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.81 EPS. On average, analysts expect Abercrombie & Fitch to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Abercrombie & Fitch Trading Up 2.9 %

Shares of NYSE:ANF opened at $150.17 on Monday. Abercrombie & Fitch has a 1 year low of $28.43 and a 1 year high of $151.46. The firm has a fifty day moving average price of $126.56 and a 200 day moving average price of $108.27. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $7.67 billion, a PE ratio of 24.14 and a beta of 1.57.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ANF shares. Jefferies Financial Group raised their price objective on Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. boosted their price objective on shares of Abercrombie & Fitch from $125.00 to $144.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Morgan Stanley upped their price objective on shares of Abercrombie & Fitch from $103.00 to $112.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th. UBS Group upped their price target on shares of Abercrombie & Fitch from $145.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Finally, StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.29.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 400,000 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $110.61, for a total value of $44,244,000.00. Following the sale, the chief executive officer now owns 525,520 shares of the company’s stock, valued at approximately $58,127,767.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Fran Horowitz sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $110.61, for a total value of $44,244,000.00. Following the sale, the chief executive officer now directly owns 525,520 shares in the company, valued at approximately $58,127,767.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Scott D. Lipesky sold 35,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $127.95, for a total value of $4,478,250.00. Following the transaction, the chief financial officer now owns 88,558 shares of the company’s stock, valued at $11,330,996.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 558,786 shares of company stock worth $64,340,812. 3.77% of the stock is owned by corporate insiders.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.