$1.10 EPS Expected for Abercrombie & Fitch Co. (ANF) This Quarter

Wall Street analysts expect Abercrombie & Fitch Co. (NYSE:ANF) to announce earnings per share (EPS) of $1.10 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Abercrombie & Fitch’s earnings. The highest EPS estimate is $1.20 and the lowest is $0.98. Abercrombie & Fitch reported earnings per share of $1.38 during the same quarter last year, which indicates a negative year-over-year growth rate of 20.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 6th.

On average, analysts expect that Abercrombie & Fitch will report full-year earnings of $0.91 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $1.02. For the next fiscal year, analysts anticipate that the company will post earnings of $0.95 per share, with EPS estimates ranging from $0.34 to $1.50. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Abercrombie & Fitch.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Thursday, November 29th. The apparel retailer reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The company had revenue of $861.00 million during the quarter, compared to analysts’ expectations of $856.34 million. Abercrombie & Fitch had a return on equity of 7.23% and a net margin of 1.43%. Abercrombie & Fitch’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS.

Several equities research analysts have commented on the company. ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 price objective (up from $20.00) on shares of Abercrombie & Fitch in a research note on Friday, November 30th. Royal Bank of Canada boosted their price objective on Abercrombie & Fitch from $23.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, November 30th. Nomura set a $17.00 price objective on Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Monday, November 26th. Finally, Zacks Investment Research lowered Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $20.94.

In related news, Director Kerrii B. Anderson purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, December 4th. The stock was acquired at an average cost of $19.72 per share, for a total transaction of $39,440.00. Following the completion of the transaction, the director now directly owns 6,686 shares of the company’s stock, valued at $131,847.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.95% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Voya Investment Management LLC grew its position in shares of Abercrombie & Fitch by 46.6% in the second quarter. Voya Investment Management LLC now owns 43,877 shares of the apparel retailer’s stock valued at $1,074,000 after purchasing an additional 13,950 shares in the last quarter. Employees Retirement System of Texas acquired a new position in Abercrombie & Fitch in the second quarter valued at approximately $979,000. Robeco Institutional Asset Management B.V. lifted its holdings in Abercrombie & Fitch by 1.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,065,878 shares of the apparel retailer’s stock valued at $22,511,000 after acquiring an additional 13,572 shares during the last quarter. Castleark Management LLC lifted its holdings in Abercrombie & Fitch by 9.9% in the second quarter. Castleark Management LLC now owns 471,870 shares of the apparel retailer’s stock valued at $11,551,000 after acquiring an additional 42,680 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Abercrombie & Fitch by 7.6% in the second quarter. Northern Trust Corp now owns 926,116 shares of the apparel retailer’s stock valued at $22,672,000 after acquiring an additional 65,232 shares during the last quarter.

NYSE ANF traded up $0.45 during trading hours on Thursday, reaching $19.32. The company’s stock had a trading volume of 4,330,900 shares, compared to its average volume of 2,858,880. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 1.65 and a beta of 0.52. Abercrombie & Fitch has a 1-year low of $15.28 and a 1-year high of $29.69. The company has a current ratio of 2.19, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, December 7th will be given a $0.20 dividend. The ex-dividend date is Thursday, December 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.14%. Abercrombie & Fitch’s dividend payout ratio (DPR) is presently 123.08%.

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, 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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