William Blair Issues Pessimistic Outlook for ANF Earnings

Abercrombie & Fitch Co. (NYSE:ANF) – Research analysts at William Blair cut their Q3 2026 earnings per share estimates for Abercrombie & Fitch in a research note issued on Wednesday, May 28th. William Blair analyst D. Carden now anticipates that the apparel retailer will earn $2.51 per share for the quarter, down from their prior estimate of $2.75. The consensus estimate for Abercrombie & Fitch’s current full-year earnings is $10.62 per share. William Blair also issued estimates for Abercrombie & Fitch’s Q4 2026 earnings at $3.82 EPS, FY2026 earnings at $10.10 EPS, Q2 2027 earnings at $2.26 EPS, Q3 2027 earnings at $2.59 EPS, Q4 2027 earnings at $3.93 EPS and FY2027 earnings at $10.46 EPS.

A number of other research firms have also recently commented on ANF. Barclays set a $84.00 target price on Abercrombie & Fitch and gave the stock an “equal weight” rating in a research note on Thursday. Wall Street Zen cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, March 9th. Citigroup reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research report on Wednesday. Morgan Stanley increased their price objective on Abercrombie & Fitch from $78.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Jefferies Financial Group dropped their price objective on Abercrombie & Fitch from $170.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.38.

Abercrombie & Fitch Trading Down 6.1%

NYSE ANF opened at $83.11 on Friday. Abercrombie & Fitch has a 12 month low of $65.40 and a 12 month high of $194.38. The stock has a market cap of $3.96 billion, a P/E ratio of 8.22 and a beta of 1.47. The stock’s fifty day moving average price is $74.48 and its 200-day moving average price is $108.09.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.24. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the firm posted $2.14 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis.

Institutional Investors Weigh In On Abercrombie & Fitch

Several institutional investors have recently modified their holdings of ANF. AQR Capital Management LLC lifted its holdings in Abercrombie & Fitch by 198.2% in the first quarter. AQR Capital Management LLC now owns 1,955,927 shares of the apparel retailer’s stock valued at $144,582,000 after acquiring an additional 1,300,070 shares during the period. Invesco Ltd. lifted its stake in shares of Abercrombie & Fitch by 150.7% in the 4th quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer’s stock worth $221,910,000 after purchasing an additional 892,492 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Abercrombie & Fitch in the 1st quarter worth approximately $56,569,000. Norges Bank bought a new position in shares of Abercrombie & Fitch in the 4th quarter worth approximately $88,478,000. Finally, Pacer Advisors Inc. lifted its stake in shares of Abercrombie & Fitch by 3,113.1% in the 1st quarter. Pacer Advisors Inc. now owns 506,088 shares of the apparel retailer’s stock worth $38,650,000 after purchasing an additional 490,337 shares during the period.

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