Abercrombie & Fitch Co. (ANF) Releases FY15 Earnings Guidance
Abercrombie & Fitch Co. (NYSE:ANF) updated its FY15 earnings guidance on Thursday. 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, Analyst Ratings Net reports.
ANF has been the subject of a number of recent research reports. Analysts at Wunderlich initiated coverage on shares of Abercrombie & Fitch Co. in a research note on Tuesday, August 12th. They set a buy rating and a $48.00 price target on the stock. On a related note, analysts at Stifel Nicolaus upgraded shares of Abercrombie & Fitch Co. from a hold rating to a buy rating in a research note on Monday, August 11th. They now have a $50.00 price target on the stock. Finally, analysts at Nomura reiterated a buy rating on shares of Abercrombie & Fitch Co. in a research note on Friday, August 8th. They now have a $48.00 price target on the stock, up previously from $45.00. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $44.32.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 44.00 on Thursday. Abercrombie & Fitch Co. has a 52 week low of $31.14 and a 52 week high of $45.50. The stock has a 50-day moving average of $40.91 and a 200-day moving average of $39.19. The company has a market cap of $3.202 billion and a price-to-earnings ratio of 91.10.
Abercrombie & Fitch Co. (NYSE:ANF) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.08. The company had revenue of $891.00 million for the quarter, compared to the consensus estimate of $909.62 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, analysts predict that Abercrombie & Fitch Co. will post $2.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Thursday, August 28th.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.
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