Abercrombie & Fitch Co. (ANF) Expected to Post Earnings of $0.21 Per Share

Wall Street analysts expect that Abercrombie & Fitch Co. (NYSE:ANF) will post $0.21 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Abercrombie & Fitch’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.07. Abercrombie & Fitch reported earnings per share of $0.30 during the same quarter last year, which would suggest a negative year-over-year growth rate of 30%. The company is expected to announce its next earnings report on Friday, November 16th.

According to Zacks, 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 calculations are a mean average based on a survey of sell-side analysts that follow Abercrombie & Fitch.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Thursday, August 30th. The apparel retailer reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.10. The firm had revenue of $842.41 million during the quarter, compared to analyst estimates of $845.11 million. Abercrombie & Fitch had a net margin of 1.05% and a return on equity of 7.02%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.16) EPS.

A number of research analysts have weighed in on ANF shares. ValuEngine lowered shares of Abercrombie & Fitch from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 1st. JPMorgan Chase & Co. boosted their target price on shares of Abercrombie & Fitch to $19.00 and gave the stock an “underweight” rating in a research report on Friday, August 31st. TheStreet lowered shares of Abercrombie & Fitch from a “b-” rating to a “c+” rating in a research report on Tuesday, June 5th. Zacks Investment Research lowered shares of Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. Finally, William Blair lowered shares of Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 30th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $21.88.

Abercrombie & Fitch stock opened at $20.17 on Friday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 1.78 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 1.43. Abercrombie & Fitch has a fifty-two week low of $11.61 and a fifty-two week high of $29.69.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Stockholders 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 dividend yield of 3.97%. The ex-dividend date is Thursday, September 6th. Abercrombie & Fitch’s dividend payout ratio is currently 123.08%.

In other news, insider Stacia J.P. Andersen sold 28,000 shares of the company’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $27.55, for a total transaction of $771,400.00. Following the completion of the transaction, the insider now owns 18,251 shares of the company’s stock, valued at $502,815.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.95% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. NorthCoast Asset Management LLC acquired a new position in shares of Abercrombie & Fitch during the second quarter valued at about $1,277,000. Castleark Management LLC raised its position in shares of Abercrombie & Fitch by 9.9% during the second quarter. Castleark Management LLC now owns 471,870 shares of the apparel retailer’s stock valued at $11,551,000 after buying an additional 42,680 shares during the last quarter. Millennium Management LLC raised its position in shares of Abercrombie & Fitch by 749.1% during the second quarter. Millennium Management LLC now owns 365,518 shares of the apparel retailer’s stock valued at $8,948,000 after buying an additional 322,469 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Abercrombie & Fitch during the second quarter valued at about $190,000. Finally, Vident Investment Advisory LLC raised its position in shares of Abercrombie & Fitch by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 159,430 shares of the apparel retailer’s stock valued at $3,903,000 after buying an additional 2,391 shares during the last quarter.

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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Earnings History and Estimates for Abercrombie & Fitch (NYSE:ANF)

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