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.
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.
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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.
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