B. Riley Comments on Abercrombie & Fitch Co.’s FY2020 Earnings (NYSE:ANF)

Abercrombie & Fitch Co. (NYSE:ANF) – Equities research analysts at B. Riley reduced their FY2020 earnings per share (EPS) estimates for shares of Abercrombie & Fitch in a research report issued on Thursday, November 7th. B. Riley analyst S. Anderson now forecasts that the apparel retailer will post earnings of $0.76 per share for the year, down from their previous forecast of $0.86. B. Riley currently has a “Hold” rating and a $15.00 target price on the stock. B. Riley also issued estimates for Abercrombie & Fitch’s Q4 2020 earnings at $1.29 EPS, Q3 2021 earnings at $0.30 EPS, Q4 2021 earnings at $1.40 EPS and FY2021 earnings at $1.23 EPS.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported ($0.48) earnings per share for the quarter, beating the consensus estimate of ($0.52) by $0.04. The firm had revenue of $841.08 million during the quarter, compared to analysts’ expectations of $847.96 million. Abercrombie & Fitch had a net margin of 2.00% and a return on equity of 5.84%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS.

Several other equities research analysts have also recently weighed in on ANF. Deutsche Bank upgraded shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating and lowered their price objective for the company from $15.00 to $14.00 in a research report on Friday, August 30th. Citigroup set a $29.00 price objective on shares of Abercrombie & Fitch and gave the company a “buy” rating in a research report on Friday, August 30th. Wedbush set a $16.00 price objective on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research report on Friday, August 30th. Telsey Advisory Group lowered their price objective on shares of Abercrombie & Fitch from $20.00 to $17.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Finally, Royal Bank of Canada lowered their price objective on shares of Abercrombie & Fitch from $20.00 to $17.00 and set a “sector perform” rating for the company in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $19.64.

ANF opened at $17.68 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.87 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $1.13 billion, a PE ratio of 15.37, a PEG ratio of 1.57 and a beta of 0.95. Abercrombie & Fitch has a 1-year low of $13.58 and a 1-year high of $30.63. The firm has a 50-day moving average price of $15.91 and a two-hundred day moving average price of $18.43.

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN grew its position in shares of Abercrombie & Fitch by 12.8% during the 2nd quarter. Wells Fargo & Company MN now owns 156,785 shares of the apparel retailer’s stock worth $2,514,000 after buying an additional 17,832 shares during the period. Smith Graham & Co. Investment Advisors LP grew its position in shares of Abercrombie & Fitch by 9.9% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 261,946 shares of the apparel retailer’s stock worth $4,086,000 after buying an additional 23,620 shares during the period. Kempen Capital Management N.V. grew its position in shares of Abercrombie & Fitch by 171.3% during the 2nd quarter. Kempen Capital Management N.V. now owns 992,313 shares of the apparel retailer’s stock worth $15,917,000 after buying an additional 626,594 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $508,000. Finally, Aristotle Fund L.P. acquired a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $722,000.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.

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Earnings History and Estimates for Abercrombie & Fitch (NYSE:ANF)

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