Analysts expect Abercrombie & Fitch Co. (NYSE:ANF) to announce earnings per share (EPS) of $0.21 for the current quarter, Zacks reports. Seven analysts have issued estimates for Abercrombie & Fitch’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.31. Abercrombie & Fitch reported earnings of $0.30 per share during the same quarter last year, which suggests a negative year over year growth rate of 30%. The firm is scheduled to announce its next quarterly earnings report on Friday, November 16th.
On average, analysts expect that Abercrombie & Fitch will report full-year earnings of $0.76 per share for the current financial year, with EPS estimates ranging from $0.52 to $0.95. For the next fiscal year, analysts anticipate that the business will post earnings of $0.83 per share, with EPS estimates ranging from $0.13 to $1.40. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Abercrombie & Fitch.
Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Thursday, August 30th. The apparel retailer reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.10. The business had revenue of $842.41 million for the quarter, compared to the consensus estimate of $845.11 million. Abercrombie & Fitch had a net margin of 1.05% and a return on equity of 7.02%. Abercrombie & Fitch’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted ($0.16) earnings per share.
ANF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Abercrombie & Fitch to $19.00 and gave the company an “underweight” rating in a research note on Friday, August 31st. TheStreet downgraded shares of Abercrombie & Fitch from a “b-” rating to a “c+” rating in a research note on Tuesday, June 5th. ValuEngine downgraded shares of Abercrombie & Fitch from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 1st. Zacks Investment Research cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Finally, Wedbush assumed coverage on shares of Abercrombie & Fitch in a research report on Thursday, May 10th. They set a “neutral” rating and a $25.00 price target on the stock. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.88.
In other Abercrombie & Fitch news, insider Stacia J.P. Andersen sold 28,000 shares of the stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $27.55, for a total transaction of $771,400.00. Following the transaction, the insider now directly owns 18,251 shares in the company, valued at $502,815.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.95% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. TD Asset Management Inc. bought a new position in shares of Abercrombie & Fitch in the second quarter worth approximately $1,234,000. Prudential Financial Inc. grew its holdings in shares of Abercrombie & Fitch by 1.2% in the first quarter. Prudential Financial Inc. now owns 207,519 shares of the apparel retailer’s stock worth $5,024,000 after purchasing an additional 2,520 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Abercrombie & Fitch by 7.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 29,320 shares of the apparel retailer’s stock worth $717,000 after purchasing an additional 2,150 shares during the last quarter. Chartwell Investment Partners LLC bought a new position in shares of Abercrombie & Fitch in the second quarter worth approximately $2,462,000. Finally, Tyvor Capital LLC grew its holdings in shares of Abercrombie & Fitch by 1,743.2% in the second quarter. Tyvor Capital LLC now owns 150,000 shares of the apparel retailer’s stock worth $3,672,000 after purchasing an additional 141,862 shares during the last quarter.
ANF traded down $1.25 on Thursday, reaching $21.29. The company had a trading volume of 3,512,400 shares, compared to its average volume of 2,798,770. The company has a market capitalization of $1.47 billion, a P/E ratio of 32.75, a P/E/G ratio of 2.17 and a beta of 0.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.25 and a quick ratio of 1.67. Abercrombie & Fitch has a 52-week low of $11.61 and a 52-week high of $29.69.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, September 7th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Thursday, September 6th. Abercrombie & Fitch’s payout ratio is currently 123.08%.
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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