Abercrombie & Fitch Company Forecasted to Earn FY2019 Earnings of $0.08 Per Share (ANF)

Abercrombie & Fitch Company (NYSE:ANF) – Stock analysts at B. Riley raised their FY2019 earnings per share estimates for Abercrombie & Fitch in a report issued on Monday. B. Riley analyst S. Anderson now expects that the apparel retailer will post earnings of $0.08 per share for the year, up from their prior estimate of $0.06. B. Riley has a “Hold” rating and a $11.00 price objective on the stock.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Friday, November 17th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The company had revenue of $859.10 million during the quarter, compared to the consensus estimate of $818.41 million. During the same quarter last year, the company earned $0.02 earnings per share. Abercrombie & Fitch’s revenue for the quarter was up 4.6% on a year-over-year basis. WARNING: This article was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://sportsperspectives.com/2017/11/21/abercrombie-fitch-company-forecasted-to-earn-fy2019-earnings-of-0-08-per-share-anf.html.

Other analysts also recently issued research reports about the stock. William Blair reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research report on Friday, August 25th. Citigroup Inc. raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.00 to $16.00 in a research report on Friday, August 25th. Zacks Investment Research raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Tuesday. Jefferies Group LLC set a $12.00 target price on Abercrombie & Fitch and gave the company a “hold” rating in a research note on Friday, August 25th. Finally, BMO Capital Markets set a $14.00 target price on Abercrombie & Fitch and gave the company a “hold” rating in a research note on Tuesday, August 8th. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.98.

Shares of Abercrombie & Fitch (ANF) traded down $0.40 during trading hours on Tuesday, reaching $16.64. 5,103,810 shares of the company’s stock traded hands, compared to its average volume of 3,617,092. 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 one year low of $8.81 and a one year high of $17.19. The firm has a market capitalization of $1,160.00, a P/E ratio of 119.61, a price-to-earnings-growth ratio of 296.19 and a beta of 0.76.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Louisiana State Employees Retirement System increased its position in Abercrombie & Fitch by 0.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 27,700 shares of the apparel retailer’s stock worth $345,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. increased its position in Abercrombie & Fitch by 0.5% in the 2nd quarter. Capstone Asset Management Co. now owns 31,952 shares of the apparel retailer’s stock worth $397,000 after buying an additional 160 shares during the period. Arizona State Retirement System increased its position in Abercrombie & Fitch by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 35,500 shares of the apparel retailer’s stock worth $442,000 after buying an additional 200 shares during the period. Suntrust Banks Inc. grew its holdings in shares of Abercrombie & Fitch by 3.9% during the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock worth $164,000 after purchasing an additional 492 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Abercrombie & Fitch by 0.3% during the 2nd quarter. Franklin Resources Inc. now owns 229,091 shares of the apparel retailer’s stock worth $2,850,000 after purchasing an additional 591 shares in the last quarter. 98.66% of the stock is currently owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, December 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Thursday, November 30th. Abercrombie & Fitch’s dividend payout ratio is currently -250.00%.

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.

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

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