Abercrombie & Fitch Co. (ANF) Issues FY15 Earnings Guidance
Abercrombie & Fitch Co. (NYSE:ANF) updated its FY15 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.15-2.35 for the period, compared to the Thomson Reuters consensus estimate of $2.35, Stock Ratings Network.com reports.
A number of analysts have recently weighed in on ANF shares. Analysts at RBC Capital raised their price target on shares of Abercrombie & Fitch Co. from $35.00 to $36.00 in a research note on Friday, May 30th. They now have a sector perform rating on the stock. On a related note, analysts at Mizuho raised their price target on shares of Abercrombie & Fitch Co. from $35.00 to $37.00 in a research note on Friday, May 30th. Finally, analysts at Credit Agricole upgraded shares of Abercrombie & Fitch Co. from an outperform rating to a buy rating in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $43.04.
Abercrombie & Fitch Co. (NYSE:ANF) traded up 2.56% on Monday, hitting $40.52. 2,380,863 shares of the company’s stock traded hands. Abercrombie & Fitch Co. has a one year low of $31.14 and a one year high of $52.38. The stock’s 50-day moving average is $37.38 and its 200-day moving average is $36.22. The company has a market cap of $2.949 billion and a P/E ratio of 81.80.
Abercrombie & Fitch Co. (NYSE:ANF) last released its earnings data on Thursday, May 29th. The company reported ($0.17) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.19) by $0.02. The company had revenue of $822.00 million for the quarter, compared to the consensus estimate of $797.86 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts expect that Abercrombie & Fitch Co. will post $2.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 17th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Tuesday, June 3rd.
In other Abercrombie & Fitch Co. news, EVP Diane Chang sold 7,195 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $38.51, for a total transaction of $277,079.45. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Abercrombie & Fitch Co (NYSE:ANF) through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.
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