Abercrombie & Fitch (NYSE:ANF) Releases 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.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Jefferies Financial Group lowered 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 note on Wednesday. Morgan Stanley cut their price target 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. Telsey Advisory Group lowered their price objective on Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. dropped their target price on Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Raymond James reduced their price target on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.38.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $87.43 on Thursday. Abercrombie & Fitch has a one year low of $79.77 and a one year high of $196.99. The stock’s fifty day moving average is $123.78 and its 200-day moving average is $137.94. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 8.65 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, beating the consensus estimate of $3.48 by $0.09. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $2.97 EPS. Analysts forecast that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

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

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.