Abercrombie & Fitch (ANF) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Abercrombie & Fitch (NYSE:ANF) announced its quarterly earnings results on Wednesday. The apparel retailer reported ($0.29) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.43) by $0.14, RTT News reports. Abercrombie & Fitch had a return on equity of 6.93% and a net margin of 2.12%. The firm had revenue of $733.97 million for the quarter, compared to analysts’ expectations of $730.79 million. During the same period in the prior year, the business posted ($0.56) earnings per share. The company’s revenue was up .4% on a year-over-year basis. Abercrombie & Fitch updated its FY 2019 guidance to EPS.

Shares of NYSE:ANF traded down $5.93 during trading on Wednesday, reaching $19.08. 9,984,684 shares of the company traded hands, compared to its average volume of 1,917,008. The firm has a market cap of $1.64 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 1.15 and a beta of 0.63. Abercrombie & Fitch has a 52-week low of $15.28 and a 52-week high of $30.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.61 and a current ratio of 2.39.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Thursday, June 6th. Abercrombie & Fitch’s dividend payout ratio (DPR) is presently 69.57%.

In related news, Director Nigel Travis acquired 2,917 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was purchased at an average price of $25.70 per share, with a total value of $74,966.90. Following the completion of the purchase, the director now owns 2,917 shares in the company, valued at approximately $74,966.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.95% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its holdings in Abercrombie & Fitch by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 25,501 shares of the apparel retailer’s stock worth $699,000 after purchasing an additional 461 shares in the last quarter. Rhumbline Advisers raised its holdings in Abercrombie & Fitch by 0.3% in the first quarter. Rhumbline Advisers now owns 198,505 shares of the apparel retailer’s stock worth $5,441,000 after purchasing an additional 544 shares in the last quarter. Mason Street Advisors LLC raised its holdings in Abercrombie & Fitch by 3.4% in the first quarter. Mason Street Advisors LLC now owns 21,146 shares of the apparel retailer’s stock worth $580,000 after purchasing an additional 698 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Abercrombie & Fitch by 8.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,197 shares of the apparel retailer’s stock worth $204,000 after purchasing an additional 763 shares in the last quarter. Finally, ClariVest Asset Management LLC raised its holdings in Abercrombie & Fitch by 0.9% in the fourth quarter. ClariVest Asset Management LLC now owns 101,000 shares of the apparel retailer’s stock worth $2,025,000 after purchasing an additional 900 shares in the last quarter.

ANF has been the topic of several analyst reports. ValuEngine upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised Abercrombie & Fitch from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $19.00 to $27.00 in a research note on Thursday, March 7th. B. Riley set a $26.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Thursday, March 7th. Deutsche Bank set a $24.00 target price on Abercrombie & Fitch and gave the stock a “sell” rating in a research note on Thursday, March 7th. Finally, Zacks Investment Research lowered Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $23.36.

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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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Earnings History for Abercrombie & Fitch (NYSE:ANF)

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