Equities analysts expect that Abercrombie & Fitch Co. (NYSE:ANF) will report earnings of ($0.43) per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Abercrombie & Fitch’s earnings. The lowest EPS estimate is ($0.47) and the highest is ($0.39). Abercrombie & Fitch posted earnings per share of ($0.56) during the same quarter last year, which would indicate a positive year over year growth rate of 23.2%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, May 29th.
On average, analysts expect that Abercrombie & Fitch will report full-year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $0.95 to $1.62. For the next financial year, analysts expect that the company will report earnings of $1.50 per share, with EPS estimates ranging from $0.85 to $1.92. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Abercrombie & Fitch.
Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.20. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Abercrombie & Fitch had a return on equity of 6.93% and a net margin of 2.12%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.38 EPS.
Several analysts recently commented on the company. ValuEngine upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Wednesday, March 6th. TheStreet upgraded Abercrombie & Fitch from a “c+” rating to a “b-” rating in a research report on Friday, January 25th. Deutsche Bank set a $24.00 target price on Abercrombie & Fitch and gave the company a “sell” rating in a research report on Thursday, March 7th. Argus raised their target price on Abercrombie & Fitch to $28.00 and gave the company a “buy” rating in a research report on Friday, March 8th. Finally, Royal Bank of Canada raised their target price on Abercrombie & Fitch to $27.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.36.
In other news, Director Nigel Travis purchased 2,917 shares of the stock in a transaction dated Friday, March 8th. The shares were bought at an average cost of $25.70 per share, for a total transaction of $74,966.90. Following the transaction, the director now owns 2,917 shares in the company, valued at $74,966.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.95% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANF. Nordea Investment Management AB raised its holdings in Abercrombie & Fitch by 38.2% during the first quarter. Nordea Investment Management AB now owns 139,600 shares of the apparel retailer’s stock valued at $3,826,000 after buying an additional 38,600 shares in the last quarter. Lombard Odier Asset Management USA Corp bought a new position in Abercrombie & Fitch during the first quarter valued at about $4,315,000. BlueMountain Capital Management LLC raised its holdings in Abercrombie & Fitch by 127.7% during the first quarter. BlueMountain Capital Management LLC now owns 54,917 shares of the apparel retailer’s stock valued at $1,505,000 after buying an additional 30,799 shares in the last quarter. Maverick Capital Ltd. raised its holdings in Abercrombie & Fitch by 144,275.4% during the first quarter. Maverick Capital Ltd. now owns 880,690 shares of the apparel retailer’s stock valued at $24,140,000 after buying an additional 880,080 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in Abercrombie & Fitch during the first quarter valued at about $100,000.
Shares of Abercrombie & Fitch stock traded down $0.26 on Thursday, reaching $25.88. 63,003 shares of the company were exchanged, compared to its average volume of 2,263,112. The company has a current ratio of 2.39, a quick ratio of 1.61 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.25 and a beta of 0.63. Abercrombie & Fitch has a 1-year low of $15.28 and a 1-year high of $30.63.
Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.
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