Abercrombie & Fitch Co. (NYSE:ANF) Expected to Post Quarterly Sales of $850.93 Million

Brokerages forecast that Abercrombie & Fitch Co. (NYSE:ANF) will report $850.93 million in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Abercrombie & Fitch’s earnings, with estimates ranging from $844.65 million to $859.20 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%. The business is scheduled to report its next earnings report on Thursday, August 29th.

On average, analysts expect that Abercrombie & Fitch will report full year sales of $3.65 billion for the current year, with estimates ranging from $3.62 billion to $3.68 billion. For the next year, analysts anticipate that the company will post sales of $3.72 billion, with estimates ranging from $3.65 billion to $3.79 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Abercrombie & Fitch.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.14. Abercrombie & Fitch had a return on equity of 8.73% and a net margin of 2.76%. The firm had revenue of $733.97 million for the quarter, compared to the consensus estimate of $730.79 million. During the same quarter in the previous year, the company posted ($0.56) earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year.

A number of analysts have weighed in on the company. Zacks Investment Research raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Tuesday, May 21st. ValuEngine raised Abercrombie & Fitch from a “strong sell” rating to a “sell” rating in a research report on Saturday. Bank of America reduced their price target on Abercrombie & Fitch from $20.00 to $16.00 and set an “underperform” rating for the company in a research report on Thursday, May 30th. B. Riley set a $26.00 price target on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Wednesday, June 5th. Finally, TheStreet cut Abercrombie & Fitch from a “b-” rating to a “c+” rating in a research report on Monday, June 17th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Abercrombie & Fitch has a consensus rating of “Hold” and an average target price of $22.17.

Several hedge funds and other institutional investors have recently bought and sold shares of ANF. Optimum Investment Advisors acquired a new position in shares of Abercrombie & Fitch during the 1st quarter worth about $27,000. Investors Research Corp acquired a new position in shares of Abercrombie & Fitch during the 1st quarter worth about $130,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Abercrombie & Fitch during the 1st quarter worth about $171,000. CIBC World Markets Inc. acquired a new position in shares of Abercrombie & Fitch during the 1st quarter worth about $216,000. Finally, SG Americas Securities LLC lifted its position in shares of Abercrombie & Fitch by 44.3% during the 4th quarter. SG Americas Securities LLC now owns 11,385 shares of the apparel retailer’s stock worth $228,000 after purchasing an additional 3,496 shares during the last quarter.

Shares of NYSE:ANF traded up $0.07 on Wednesday, reaching $17.08. The company had a trading volume of 113,065 shares, compared to its average volume of 2,714,375. Abercrombie & Fitch has a twelve month low of $14.66 and a twelve month high of $30.63. The company has a 50-day moving average of $17.63. The stock has a market cap of $1.13 billion, a PE ratio of 14.81, a P/E/G ratio of 1.33 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.64 and a debt-to-equity ratio of 1.32.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, June 7th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.80 annualized dividend and a dividend yield of 4.68%. Abercrombie & Fitch’s dividend payout ratio is presently 69.57%.

Abercrombie & Fitch Company Profile

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 and Estimates for Abercrombie & Fitch (NYSE:ANF)

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