Abercrombie & Fitch (ANF) to Release Earnings on Wednesday

Abercrombie & Fitch (NYSE:ANF) is expected to post its quarterly earnings results before the market opens on Wednesday, March 5th. Analysts expect Abercrombie & Fitch to post earnings of $3.50 per share and revenue of $1.57 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $1.83 EPS. Abercrombie & Fitch’s revenue was up 14.4% on a year-over-year basis. On average, analysts expect Abercrombie & Fitch to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Abercrombie & Fitch Stock Down 1.1 %

ANF stock opened at $101.01 on Wednesday. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 9.99 and a beta of 1.49. Abercrombie & Fitch has a 52-week low of $99.12 and a 52-week high of $196.99. The stock’s fifty day simple moving average is $130.21 and its 200-day simple moving average is $140.32.

Analyst Ratings Changes

ANF has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 15th. Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price target for the company from $173.00 to $220.00 in a report on Friday, January 10th. Finally, Raymond James dropped their price objective on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.25.

Insiders Place Their Bets

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the transaction, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. The trade was a 21.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Scott D. Lipesky sold 8,605 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the sale, the chief operating officer now owns 97,850 shares of the company’s stock, valued at approximately $14,697,070. This trade represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,401 shares of company stock worth $2,631,741 over the last ninety days. 2.58% of the stock is owned by company insiders.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.