Abercrombie & Fitch Co. (ANF) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Abercrombie & Fitch Co. (ANF) reported quarterly earnings results on Thursday, May-26-2016. The company reported $-0.53 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.51. The company posted revenue of $685.50 million in the period, compared to analysts expectations of $709.48 million. The company’s revenue was down -3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.53 EPS.

Many Wall Street Analysts have commented on Abercrombie & Fitch Co.. Company shares were Reiterated by Jefferies on Mar 22, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $40 .Company shares were Reiterated by RBC Capital Mkts on Mar 17, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 35 from a previous price target of $25 .Company shares were Reiterated by UBS on Mar 7, 2016 to “Neutral”, Firm has raised the Price Target to $ 34 from a previous price target of $24 .

Abercrombie & Fitch Co. opened for trading at $24.4 and hit $25.3 on the upside on Wednesday, eventually ending the session at $25.08, with a gain of 0.97% or 0.24 points. The heightened volatility saw the trading volume jump to 53,98,218 shares. Company has a market cap of $1,695 M.

In a different news, on Mar 22, 2016, Diane Chang (EVP of Sourcing) sold 7,600 shares at $32.05 per share price. According to the SEC, on Jun 29, 2015, Craig R Stapleton (director) purchased 10,000 shares at $22.42 per share price. On Jun 9, 2015, Christos E. Angelides (President of Abercrombie &***) purchased 45,200 shares at $22.16 per share price, according to the Form-4 filing with the securities and exchange commission.

Abercrombie & Fitch Co. (A&F) is a retailer that operates stores and direct-to-consumer operations. The Company operates through three business segments: U.S. Stores International Stores and Direct-to-Consumer. The U.S. Stores segment includes store operations in the United States and Puerto Rico. The International Stores segment includes store operations in Canada Europe Asia Australia and the Middle East. The Direct-to-Consumer segment includes operations directly associated with on-line operations both United States and international. A&F sells products including casual sportswear apparel including knit and woven shirts graphic t-shirts fleece jeans and woven pants shorts sweaters and outerwear; personal care products and accessories for men women and kids under the Abercrombie & Fitch abercrombie kids and Hollister brands. It also sells bras underwear personal care products sleepwear and at-home products for girls through Hollister under the Gilly Hicks brand.

Abercrombie & Fitch Co.

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