$1.10 Billion in Sales Expected for Abercrombie & Fitch Co. (ANF) This Quarter

Brokerages expect Abercrombie & Fitch Co. (NYSE:ANF) to report $1.10 billion in sales for the current quarter, according to Zacks. Six analysts have made estimates for Abercrombie & Fitch’s earnings, with the lowest sales estimate coming in at $1.08 billion and the highest estimate coming in at $1.11 billion. Abercrombie & Fitch reported sales of $1.04 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.8%. The business is scheduled to issue its next quarterly earnings report on Thursday, March 1st.

On average, analysts expect that Abercrombie & Fitch will report full year sales of $1.10 billion for the current fiscal year, with estimates ranging from $3.36 billion to $3.41 billion. For the next financial year, analysts anticipate that the business will post sales of $3.36 billion per share, with estimates ranging from $3.29 billion to $3.43 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Abercrombie & Fitch.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The firm had revenue of $859.10 million for the quarter, compared to analyst estimates of $818.41 million. During the same quarter in the prior year, the company earned $0.02 EPS. Abercrombie & Fitch’s revenue was up 4.6% on a year-over-year basis.

Several equities analysts recently issued reports on the company. ValuEngine raised Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Wolfe Research increased their target price on Abercrombie & Fitch from $9.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, November 20th. Jefferies Group restated a “hold” rating and set a $12.00 price target on shares of Abercrombie & Fitch in a report on Thursday, September 28th. Zacks Investment Research upgraded Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a report on Tuesday, September 12th. Finally, Robert W. Baird restated a “neutral” rating and set a $15.00 price target (up previously from $13.00) on shares of Abercrombie & Fitch in a report on Friday, September 22nd. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.13.

Abercrombie & Fitch (ANF) traded down $0.33 on Thursday, reaching $18.20. The company had a trading volume of 3,573,151 shares, compared to its average volume of 2,656,433. Abercrombie & Fitch has a 1 year low of $8.81 and a 1 year high of $19.11. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1,240.00, a price-to-earnings ratio of -62.76, a price-to-earnings-growth ratio of 13.58 and a beta of 0.96.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, December 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.40%. Abercrombie & Fitch’s payout ratio is currently -275.86%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System grew its stake in Abercrombie & Fitch by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 35,500 shares of the apparel retailer’s stock worth $442,000 after buying an additional 200 shares during the last quarter. Suntrust Banks Inc. grew its stake in Abercrombie & Fitch by 3.9% during the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock worth $164,000 after buying an additional 492 shares during the last quarter. Franklin Resources Inc. grew its stake in Abercrombie & Fitch by 0.3% during the 2nd quarter. Franklin Resources Inc. now owns 229,091 shares of the apparel retailer’s stock worth $2,850,000 after buying an additional 591 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Abercrombie & Fitch by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,235 shares of the apparel retailer’s stock worth $675,000 after buying an additional 596 shares during the last quarter. Finally, Verition Fund Management LLC grew its stake in Abercrombie & Fitch by 10.1% during the 2nd quarter. Verition Fund Management LLC now owns 16,494 shares of the apparel retailer’s stock worth $205,000 after buying an additional 1,519 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “$1.10 Billion in Sales Expected for Abercrombie & Fitch Co. (ANF) This Quarter” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/04/1-10-billion-in-sales-expected-for-abercrombie-fitch-co-anf-this-quarter.html.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.

Get a free copy of the Zacks research report on Abercrombie & Fitch (ANF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply