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

Abercrombie & Fitch (NYSE:ANF) updated its first quarter earnings guidance on Wednesday. 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 Stock Performance

Shares of NYSE:ANF opened at $96.20 on Wednesday. The firm has a 50 day simple moving average of $125.08 and a 200 day simple moving average of $138.29. The company has a market cap of $4.85 billion, a PE ratio of 9.52 and a beta of 1.49. Abercrombie & Fitch has a 52 week low of $84.53 and a 52 week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.50 by $0.07. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $2.97 EPS. On average, equities analysts predict that Abercrombie & Fitch will post 10.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ANF. Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, February 26th. Morgan Stanley reduced their price objective on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 15th. UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their price target for the company from $173.00 to $220.00 in a research note on Friday, January 10th. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Raymond James cut their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average target price of $182.25.

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.