Abercrombie & Fitch Co. (ANF) Releases Quarterly Earnings, Beats Expectations By $0.08 EPS
Abercrombie & Fitch Co. (NYSE:ANF) issued its quarterly earnings data on Thursday. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.08, AnalystRatingsNetwork.com reports. The company had revenue of $891.00 million for the quarter, compared to the consensus estimate of $909.62 million.
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’s 50-day moving average is $40.91 and its 200-day moving average is $39.19. The company has a market cap of $3.202 billion and a price-to-earnings ratio of 92.82.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders 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.
A number of research firms have recently commented on ANF. 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 research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $44.32.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.
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