Abercrombie & Fitch Co. (NYSE:ANF) – Equities research analysts at Jefferies Financial Group increased their FY2020 earnings estimates for Abercrombie & Fitch in a report released on Wednesday, March 6th. Jefferies Financial Group analyst J. Stichter now expects that the apparel retailer will post earnings per share of $1.48 for the year, up from their previous forecast of $1.09. Jefferies Financial Group also issued estimates for Abercrombie & Fitch’s FY2021 earnings at $1.58 EPS.
Get Abercrombie & Fitch alerts:Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, March 6th. The apparel retailer reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.20. Abercrombie & Fitch had a net margin of 1.43% and a return on equity of 7.23%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company posted $1.38 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year.
Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada raised their target price on shares of Abercrombie & Fitch to $27.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Argus lifted their price objective on shares of Abercrombie & Fitch to $28.00 and gave the company a “buy” rating in a report on Friday. Wedbush lifted their price objective on shares of Abercrombie & Fitch from $17.00 to $19.00 in a report on Friday, December 28th. Zacks Investment Research raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Thursday, March 7th. Finally, Wolfe Research reaffirmed an “underperform” rating and issued a $18.00 price objective (down previously from $20.00) on shares of Abercrombie & Fitch in a report on Tuesday, January 15th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.36.
Shares of Abercrombie & Fitch stock opened at $26.64 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.19 and a quick ratio of 1.22. Abercrombie & Fitch has a 1 year low of $15.28 and a 1 year high of $29.69. The firm has a market cap of $1.69 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 1.36 and a beta of 0.62.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, March 8th will be issued a $0.20 dividend. The ex-dividend date is Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a yield of 3.00%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased 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 valued at $204,000 after buying an additional 763 shares in the last quarter. ClariVest Asset Management LLC increased its stake in shares of Abercrombie & Fitch by 0.9% during 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. Nordea Investment Management AB increased its stake in shares of Abercrombie & Fitch by 0.9% during the fourth quarter. Nordea Investment Management AB 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. Texas Permanent School Fund increased its stake in shares of Abercrombie & Fitch by 2.2% during the fourth quarter. Texas Permanent School Fund now owns 43,087 shares of the apparel retailer’s stock worth $864,000 after purchasing an additional 946 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its stake in shares of Abercrombie & Fitch by 12.0% during the fourth quarter. Commonwealth Bank of Australia now owns 20,600 shares of the apparel retailer’s stock worth $413,000 after purchasing an additional 2,200 shares in the last quarter.
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, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.
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