Abercrombie & Fitch (ANF) Scheduled to Post Quarterly Earnings on Tuesday

Abercrombie & Fitch (NYSE:ANF - Get Free Report) is set to issue its quarterly earnings data before the market opens on Tuesday, November 26th. Analysts expect the company to announce earnings of $2.31 per share for the quarter. Abercrombie & Fitch has set its FY 2024 guidance at EPS.Investors interested in listening to the company's conference call can do so using this link.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.14 by $0.36. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. On average, analysts expect Abercrombie & Fitch to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Abercrombie & Fitch Price Performance

Shares of ANF stock traded down $0.84 during midday trading on Tuesday, hitting $142.58. The company had a trading volume of 1,337,715 shares, compared to its average volume of 1,668,545. Abercrombie & Fitch has a 52-week low of $65.60 and a 52-week high of $196.99. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 15.19 and a beta of 1.50. The company's 50 day simple moving average is $142.07 and its 200 day simple moving average is $152.90.

Insider Transactions at Abercrombie & Fitch

In other news, Director Helen Mccluskey sold 3,500 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the sale, the director now directly owns 37,470 shares of the company's stock, valued at $5,222,568.60. The trade was a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Samir Desai sold 19,041 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the sale, the executive vice president now directly owns 27,985 shares of the company's stock, valued at $3,676,109.60. This represents a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,541 shares of company stock worth $4,310,256 in the last three months. Insiders own 2.58% of the company's stock.

Wall Street Analyst Weigh In

ANF has been the topic of several recent analyst reports. UBS Group increased their target price on Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Morgan Stanley reduced their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating on the stock in a report on Thursday, August 29th. Jefferies Financial Group raised their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. lifted their target price on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, October 4th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $177.43.

Abercrombie & Fitch Company Profile

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.