Abercrombie & Fitch Co. (NYSE:ANF) declared a quarterly dividend on Friday, August 24th, RTT News reports. Shareholders of record on Friday, September 7th will be paid a dividend of 0.20 per share by the apparel retailer on Monday, September 17th. This represents a $0.80 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Thursday, September 6th.
Abercrombie & Fitch has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Abercrombie & Fitch to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 94.1%.
Shares of NYSE:ANF opened at $22.29 on Wednesday. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 2.17 and a beta of 0.45. Abercrombie & Fitch has a 12-month low of $11.61 and a 12-month high of $29.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.25 and a quick ratio of 1.43.
Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.10. The business had revenue of $842.41 million during the quarter, compared to analysts’ expectations of $845.11 million. Abercrombie & Fitch had a return on equity of 7.02% and a net margin of 1.05%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.16) earnings per share. research analysts anticipate that Abercrombie & Fitch will post 0.8 EPS for the current year.
In related news, insider Stacia J.P. Andersen sold 28,000 shares of Abercrombie & Fitch stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $27.55, for a total value of $771,400.00. Following the completion of the sale, the insider now owns 18,251 shares of the company’s stock, valued at $502,815.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.95% of the company’s stock.
A number of research analysts have issued reports on ANF shares. ValuEngine cut Abercrombie & Fitch from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 1st. Wedbush started coverage on Abercrombie & Fitch in a research note on Thursday, May 10th. They set a “neutral” rating and a $25.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Abercrombie & Fitch to $19.00 and gave the company an “underweight” rating in a research note on Friday, August 31st. TheStreet cut Abercrombie & Fitch from a “b-” rating to a “c+” rating in a research note on Tuesday, June 5th. Finally, Zacks Investment Research lowered Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.88.
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, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.
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