Abercrombie & Fitch Company to Post FY2018 Earnings of ($0.02) Per Share, B. Riley Forecasts (ANF)
Abercrombie & Fitch Company (NYSE:ANF) – Stock analysts at B. Riley raised their FY2018 earnings estimates for Abercrombie & Fitch in a report released on Monday. B. Riley analyst S. Anderson now forecasts that the apparel retailer will earn ($0.02) per share for the year, up from their prior estimate of ($0.05). B. Riley has a “Hold” rating and a $11.00 price objective on the stock. B. Riley also issued estimates for Abercrombie & Fitch’s Q4 2018 earnings at $0.74 EPS.
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, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $818.41 million. During the same period in the previous year, the firm earned $0.02 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis.
A number of other research analysts have also recently issued reports on the company. Zacks Investment Research cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank Of Canada boosted their target price on Abercrombie & Fitch from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Tuesday. Bank of America Corporation set a $9.00 target price on Abercrombie & Fitch and gave the company a “sell” rating in a research note on Monday. Wolfe Research boosted their target price on Abercrombie & Fitch from $9.00 to $13.00 and gave the company an “underperform” rating in a research note on Monday. Finally, Telsey Advisory Group boosted their target price on Abercrombie & Fitch from $12.00 to $17.00 and gave the company a “market perform” rating in a research note on Monday. Seven investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Abercrombie & Fitch presently has a consensus rating of “Hold” and an average target price of $12.98.
Abercrombie & Fitch (NYSE:ANF) traded down $0.40 during trading hours on Wednesday, reaching $16.64. The company’s stock had a trading volume of 5,103,800 shares, compared to its average volume of 3,617,093. Abercrombie & Fitch has a 1 year low of $8.81 and a 1 year high of $17.19. 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 capitalization of $1,160.20, a PE ratio of 131.08, a price-to-earnings-growth ratio of 44.26 and a beta of 0.76.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP increased its position in Abercrombie & Fitch by 13.3% during the third quarter. GSA Capital Partners LLP now owns 33,223 shares of the apparel retailer’s stock worth $480,000 after buying an additional 3,909 shares during the last quarter. Lorber David A acquired a new position in Abercrombie & Fitch during the third quarter worth approximately $126,000. FrontFour Capital Group LLC acquired a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $7,816,000. Sterling Capital Management LLC acquired a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $969,000. Finally, California Public Employees Retirement System grew its position in shares of Abercrombie & Fitch by 22.3% in the third quarter. California Public Employees Retirement System now owns 609,171 shares of the apparel retailer’s stock valued at $8,796,000 after purchasing an additional 111,171 shares during the last quarter. 98.66% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, December 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Thursday, November 30th. Abercrombie & Fitch’s dividend payout ratio (DPR) is presently -285.70%.
About Abercrombie & Fitch
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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