-$0.81 Earnings Per Share Expected for Abercrombie & Fitch (ANF) This Quarter

Equities research analysts expect Abercrombie & Fitch (NYSE:ANF) to report earnings per share of ($0.81) for the current quarter, Zacks reports. Six analysts have made estimates for Abercrombie & Fitch’s earnings. The highest EPS estimate is ($0.71) and the lowest is ($0.92). Abercrombie & Fitch reported earnings of ($0.72) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 12.5%. The business is scheduled to report its next quarterly earnings results on Thursday, May 24th.

According to Zacks, analysts expect that Abercrombie & Fitch will report full-year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.24 to $1.05. For the next year, analysts anticipate that the firm will post earnings of $0.71 per share, with EPS estimates ranging from ($0.06) to $1.45. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Abercrombie & Fitch.

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Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, March 7th. The apparel retailer reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.28. Abercrombie & Fitch had a net margin of 0.20% and a return on equity of 4.86%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the company posted $0.71 EPS. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on ANF shares. Royal Bank of Canada set a $27.00 price target on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Wednesday, March 7th. Argus upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and raised their price target for the company from $18.95 to $25.00 in a research note on Friday, January 19th. They noted that the move was a valuation call. Telsey Advisory Group restated a “market perform” rating and issued a $26.00 price target (up from $24.00) on shares of Abercrombie & Fitch in a research note on Thursday, March 8th. ValuEngine upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Tuesday, March 27th. Finally, Zacks Investment Research downgraded shares of Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Abercrombie & Fitch presently has a consensus rating of “Hold” and a consensus target price of $17.57.

ANF opened at $28.54 on Friday. Abercrombie & Fitch has a 1-year low of $8.81 and a 1-year high of $29.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 2.49. The company has a market capitalization of $1,943.63, a PE ratio of 43.91, a P/E/G ratio of 2.99 and a beta of 0.89.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Friday, March 9th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, March 8th. This represents a $0.80 annualized dividend and a yield of 2.80%. Abercrombie & Fitch’s dividend payout ratio is presently 123.08%.

In other news, Director Arthur C. Martinez sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $23.72, for a total value of $474,400.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.64% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC lifted its position in shares of Abercrombie & Fitch by 14.9% in the 4th quarter. LPL Financial LLC now owns 18,193 shares of the apparel retailer’s stock worth $317,000 after purchasing an additional 2,360 shares during the period. Geode Capital Management LLC lifted its position in shares of Abercrombie & Fitch by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 564,238 shares of the apparel retailer’s stock worth $9,834,000 after purchasing an additional 3,539 shares during the period. GSA Capital Partners LLP lifted its position in shares of Abercrombie & Fitch by 13.3% in the 3rd quarter. GSA Capital Partners LLP now owns 33,223 shares of the apparel retailer’s stock worth $480,000 after purchasing an additional 3,909 shares during the period. Swiss National Bank lifted its position in shares of Abercrombie & Fitch by 4.5% in the 4th quarter. Swiss National Bank now owns 115,900 shares of the apparel retailer’s stock worth $2,020,000 after purchasing an additional 5,000 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Abercrombie & Fitch by 0.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,216,206 shares of the apparel retailer’s stock worth $21,201,000 after purchasing an additional 5,146 shares during the period. Hedge funds and other institutional investors own 99.46% of the company’s stock.

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About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates through two segments, Abercrombie and Hollister. It offers knit tops, woven shirts, graphic T-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates, and swimwear; and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brand names.

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

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