Abercrombie & Fitch Co. (ANF) Announces Quarterly Results
Abercrombie & Fitch Co. (NYSE:ANF) issued its quarterly earnings data on Wednesday. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.45, Analyst Ratings Network reports. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.36 billion.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 35.99 on Wednesday. Abercrombie & Fitch Co. has a one year low of $31.14 and a one year high of $55.23. The stock’s 50-day moving average is $34.77 and its 200-day moving average is $35.85. The company has a market cap of $2.750 billion and a P/E ratio of 19.02. Abercrombie & Fitch Co. also saw some unusual options trading on Tuesday. Stock investors bought 30,053 call options on the stock. This represents an increase of 548% compared to the typical volume of 4,635 call options.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 18th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, March 4th.
ANF has been the subject of a number of recent research reports. Analysts at Susquehanna cut their price target on shares of Abercrombie & Fitch Co. from $46.00 to $44.00 in a research note on Tuesday. They now have a “positive” rating on the stock. On the ratings front, analysts at Zacks upgraded shares of Abercrombie & Fitch Co. from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 30th. They now have a $37.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Abercrombie & Fitch Co. from $34.00 to $38.00 in a research note on Friday, January 10th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.96.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.
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