B. Riley Comments on Abercrombie & Fitch Company’s FY2019 Earnings (ANF)
Abercrombie & Fitch Company (NYSE:ANF) – Stock analysts at B. Riley lifted their FY2019 earnings per share estimates for shares of Abercrombie & Fitch in a research note issued on Monday. B. Riley analyst S. Anderson now forecasts that the apparel retailer will earn $0.08 per share for the year, up from their prior estimate of $0.06. B. Riley has a “Hold” rating and a $11.00 price target on the stock.
ANF has been the topic of several other reports. BidaskClub raised Abercrombie & Fitch from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. ValuEngine raised Abercrombie & Fitch from a “sell” rating to a “hold” rating in a report on Friday, November 17th. William Blair reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a report on Friday, August 25th. Citigroup Inc. raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $16.00 in a report on Friday, August 25th. Finally, Wolfe Research lifted their target price on Abercrombie & Fitch from $9.00 to $13.00 and gave the stock an “underperform” rating in a report on Monday. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Abercrombie & Fitch currently has an average rating of “Hold” and an average target price of $12.98.
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Shares of Abercrombie & Fitch (NYSE:ANF) traded down $0.02 during mid-day trading on Tuesday, hitting $16.62. The stock had a trading volume of 3,070,797 shares, compared to its average volume of 3,614,676. Abercrombie & Fitch has a 1 year low of $8.81 and a 1 year high of $17.19. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. The company 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.
Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, beating the Zacks’ 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 business had revenue of $859.10 million for the quarter, compared to analysts’ expectations of $818.41 million. During the same period last year, the firm earned $0.02 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP raised its stake in Abercrombie & Fitch by 13.3% in 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 in the last quarter. Lorber David A bought a new position in Abercrombie & Fitch in the third quarter worth approximately $126,000. FrontFour Capital Group LLC bought a new position in Abercrombie & Fitch in the third quarter worth approximately $7,816,000. Sterling Capital Management LLC bought a new position in Abercrombie & Fitch in the third quarter worth approximately $969,000. Finally, California Public Employees Retirement System raised its stake in 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 worth $8,796,000 after buying an additional 111,171 shares in the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, December 1st will be issued a $0.20 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.81%. Abercrombie & Fitch’s payout ratio is -285.70%.
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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