Wall Street analysts expect Abercrombie & Fitch Company (NYSE:ANF) to post earnings per share (EPS) of $0.85 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Abercrombie & Fitch’s earnings. The lowest EPS estimate is $0.73 and the highest is $0.95. Abercrombie & Fitch reported earnings of $0.71 per share in the same quarter last year, which would indicate a positive year over year growth rate of 19.7%. The business is scheduled to announce its next quarterly earnings report on Thursday, March 1st.
On average, analysts expect that Abercrombie & Fitch will report full year earnings of $0.11 per share for the current fiscal year, with EPS estimates ranging from ($0.02) to $0.25. For the next financial year, analysts forecast that the business will post earnings of $0.21 per share, with EPS estimates ranging from ($0.02) to $0.40. Zacks Investment Research’s earnings per share calculations 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 issued its earnings results on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. The company had revenue of $859.10 million during the quarter, compared to analyst estimates of $818.41 million. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS.
Several brokerages have recently commented on ANF. B. Riley reiterated a “neutral” rating on shares of Abercrombie & Fitch in a research report on Wednesday, November 1st. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $16.00 in a research report on Friday, August 25th. William Blair reiterated an “outperform” rating on shares of Abercrombie & Fitch in a research report on Tuesday, September 5th. Wolfe Research lifted their target price on Abercrombie & Fitch from $9.00 to $13.00 and gave the stock an “underperform” rating in a research report on Monday, November 20th. Finally, Royal Bank of Canada lifted their target price on Abercrombie & Fitch from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 21st. Seven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Abercrombie & Fitch currently has an average rating of “Hold” and a consensus target price of $12.98.
Abercrombie & Fitch (NYSE ANF) opened at $16.71 on Friday. The company has a market capitalization of $1,155.69, a P/E ratio of 130.54, a PEG ratio of 11.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.08 and a quick ratio of 1.07. Abercrombie & Fitch has a 12-month low of $8.81 and a 12-month high of $18.44.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, December 1st were given a dividend of $0.20 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.79%. Abercrombie & Fitch’s dividend payout ratio is currently -285.70%.
A number of institutional investors have recently made changes to their positions in ANF. Teachers Advisors LLC raised its stake in Abercrombie & Fitch by 1.8% during the 1st quarter. Teachers Advisors LLC now owns 119,411 shares of the apparel retailer’s stock valued at $1,425,000 after acquiring an additional 2,110 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Abercrombie & Fitch during the 1st quarter valued at $431,000. Aperio Group LLC raised its stake in Abercrombie & Fitch by 11.8% during the 2nd quarter. Aperio Group LLC now owns 59,865 shares of the apparel retailer’s stock valued at $745,000 after acquiring an additional 6,307 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Abercrombie & Fitch by 27.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 43,380 shares of the apparel retailer’s stock valued at $540,000 after acquiring an additional 9,460 shares in the last quarter. Finally, Texas Permanent School Fund raised its stake in Abercrombie & Fitch by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 49,644 shares of the apparel retailer’s stock valued at $618,000 after acquiring an additional 646 shares in the last quarter. 99.44% of the stock is currently owned by hedge funds and other institutional investors.
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About Abercrombie & Fitch
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
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