Brokerages forecast that Abercrombie & Fitch Company (NYSE:ANF) will report sales of $818.51 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Abercrombie & Fitch’s earnings, with the highest sales estimate coming in at $833.00 million and the lowest estimate coming in at $801.61 million. Abercrombie & Fitch reported sales of $821.73 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.4%. The company is expected to announce its next earnings results on Friday, November 17th.
On average, analysts expect that Abercrombie & Fitch will report full year sales of $818.51 million for the current fiscal year, with estimates ranging from $3.28 billion to $3.36 billion. For the next year, analysts expect that the business will post sales of $3.27 billion per share, with estimates ranging from $3.20 billion to $3.33 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Abercrombie & Fitch.
Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.17. Abercrombie & Fitch had a negative return on equity of 0.79% and a negative net margin of 0.62%. The company had revenue of $779 million for the quarter, compared to analysts’ expectations of $758.57 million. During the same period in the previous year, the firm earned ($0.25) EPS. The firm’s revenue was down .5% compared to the same quarter last year.
Several brokerages have commented on ANF. ValuEngine raised Abercrombie & Fitch from a “sell” rating to a “hold” rating in a report on Friday. Royal Bank Of Canada raised Abercrombie & Fitch from an “underperform” rating to a “sector perform” rating and raised their price objective for the company from $12.00 to $14.00 in a report on Thursday. BidaskClub raised Abercrombie & Fitch from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Jefferies Group LLC set a $12.00 price objective on Abercrombie & Fitch and gave the company a “hold” rating in a report on Friday, August 25th. Finally, William Blair reissued a “buy” rating on shares of Abercrombie & Fitch in a report on Friday, August 25th. Nine equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Abercrombie & Fitch currently has a consensus rating of “Hold” and an average price target of $12.19.
Abercrombie & Fitch (ANF) traded up 2.83% on Friday, reaching $13.10. The company had a trading volume of 2,868,251 shares. The stock’s market capitalization is $892.01 million. The stock’s 50 day moving average is $10.20 and its 200-day moving average is $11.60. Abercrombie & Fitch has a 1-year low of $8.81 and a 1-year high of $17.82.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, September 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 6.11%. Abercrombie & Fitch’s dividend payout ratio is currently -258.06%.
A number of large investors have recently bought and sold shares of ANF. Cornerstone Capital Management Holdings LLC. acquired a new stake in Abercrombie & Fitch during the second quarter worth approximately $114,000. Northwestern Mutual Investment Management Company LLC acquired a new stake in Abercrombie & Fitch during the second quarter worth approximately $208,000. Point72 Asia Hong Kong Ltd acquired a new stake in Abercrombie & Fitch during the first quarter worth approximately $149,000. Suntrust Banks Inc. increased its stake in Abercrombie & Fitch by 7.9% in the first quarter. Suntrust Banks Inc. now owns 12,765 shares of the apparel retailer’s stock worth $152,000 after buying an additional 931 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Abercrombie & Fitch by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 13,427 shares of the apparel retailer’s stock worth $167,000 after buying an additional 5,957 shares in the last quarter. Institutional investors own 98.62% of the company’s stock.
Abercrombie & Fitch Company Profile
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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