Equities research analysts predict that Abercrombie & Fitch Co. (NYSE:ANF) will announce $851.84 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Abercrombie & Fitch’s earnings. The highest sales estimate is $859.20 million and the lowest is $844.65 million. Abercrombie & Fitch reported sales of $842.41 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.1%. The firm is scheduled to report its next earnings results on Thursday, August 29th.
On average, analysts expect that Abercrombie & Fitch will report full year sales of $3.66 billion for the current fiscal year, with estimates ranging from $3.62 billion to $3.68 billion. For the next year, analysts anticipate that the firm will post sales of $3.72 billion, with estimates ranging from $3.65 billion to $3.79 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Abercrombie & Fitch.
Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.14. The firm had revenue of $733.97 million for the quarter, compared to analysts’ expectations of $730.79 million. Abercrombie & Fitch had a net margin of 2.76% and a return on equity of 8.73%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.56) earnings per share.
ANF traded up $0.14 during trading on Monday, hitting $15.49. The company had a trading volume of 4,210,935 shares, compared to its average volume of 4,400,475. The stock has a market capitalization of $1.01 billion, a PE ratio of 13.47, a P/E/G ratio of 1.19 and a beta of 1.03. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.64 and a quick ratio of 1.04. Abercrombie & Fitch has a 1-year low of $14.66 and a 1-year high of $30.63.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.16%. Abercrombie & Fitch’s dividend payout ratio (DPR) is 69.57%.
Several large investors have recently modified their holdings of the business. Nordea Investment Management AB raised its holdings in shares of Abercrombie & Fitch by 38.2% during the first quarter. Nordea Investment Management AB now owns 139,600 shares of the apparel retailer’s stock worth $3,826,000 after purchasing an additional 38,600 shares during the period. Lombard Odier Asset Management USA Corp acquired a new stake in shares of Abercrombie & Fitch during the first quarter worth $4,315,000. BlueMountain Capital Management LLC raised its holdings in shares of Abercrombie & Fitch by 127.7% during the first quarter. BlueMountain Capital Management LLC now owns 54,917 shares of the apparel retailer’s stock worth $1,505,000 after purchasing an additional 30,799 shares during the period. Maverick Capital Ltd. raised its holdings in shares of Abercrombie & Fitch by 144,275.4% during the first quarter. Maverick Capital Ltd. now owns 880,690 shares of the apparel retailer’s stock worth $24,140,000 after purchasing an additional 880,080 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Abercrombie & Fitch during the first quarter worth $100,000.
About Abercrombie & Fitch
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.
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