Abercrombie & Fitch (NYSE:ANF) Releases Q1 Earnings Guidance

Abercrombie & Fitch (NYSE:ANF) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.25-1.45 for the period, compared to the consensus estimate of $1.96. The company issued revenue guidance of $1.06-1.08 billion, compared to the consensus revenue estimate of $1.08 billion. Abercrombie & Fitch also updated its FY 2025 guidance to 10.400-11.400 EPS.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $87.43 on Thursday. Abercrombie & Fitch has a 12 month low of $79.77 and a 12 month high of $196.99. The company has a market capitalization of $4.40 billion, a P/E ratio of 8.65 and a beta of 1.45. The company’s 50 day simple moving average is $123.78 and its 200 day simple moving average is $137.94.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.48 by $0.09. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. Abercrombie & Fitch’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.97 earnings per share. On average, analysts anticipate that Abercrombie & Fitch will post 10.62 earnings per share for the current year.

Abercrombie & Fitch declared that its board has authorized a stock repurchase program on Wednesday, March 5th that permits the company to buyback $1.30 billion in outstanding shares. This buyback authorization permits the apparel retailer to repurchase up to 29.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have recently commented on ANF. UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their target price for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. Raymond James dropped their target price on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Telsey Advisory Group decreased their price target on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their target price on Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group decreased their target price on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.38.

Abercrombie & Fitch Company Profile

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.