B. Riley Equities Analysts Reduce Earnings Estimates for Abercrombie & Fitch Co. (ANF)
Abercrombie & Fitch Co. (NYSE:ANF) – B. Riley dropped their Q1 2019 earnings estimates for shares of Abercrombie & Fitch in a report released on Wednesday. B. Riley analyst S. Anderson now expects that the apparel retailer will post earnings per share of ($0.84) for the quarter, down from their prior estimate of ($0.65). B. Riley has a “Neutral” rating and a $24.00 price target on the stock. B. Riley also issued estimates for Abercrombie & Fitch’s Q2 2019 earnings at ($0.15) EPS, Q4 2019 earnings at $1.23 EPS and FY2019 earnings at $0.60 EPS.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, March 7th. The apparel retailer reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.28. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. Abercrombie & Fitch had a net margin of 0.20% and a return on equity of 4.86%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share.
Shares of Abercrombie & Fitch (NYSE ANF) traded down $0.29 during mid-day trading on Monday, hitting $21.86. 1,310,581 shares of the stock were exchanged, compared to its average volume of 2,872,298. Abercrombie & Fitch has a 12 month low of $8.81 and a 12 month high of $24.52. The firm has a market capitalization of $1,530.00, a price-to-earnings ratio of 64.14, a price-to-earnings-growth ratio of 2.40 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.49 and a quick ratio of 1.66.
Several large investors have recently modified their holdings of the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its holdings in shares of Abercrombie & Fitch by 7.1% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 365,792 shares of the apparel retailer’s stock worth $6,376,000 after buying an additional 24,400 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Abercrombie & Fitch in the 4th quarter worth about $567,000. Gotham Asset Management LLC purchased a new position in shares of Abercrombie & Fitch in the 4th quarter worth about $2,830,000. LPL Financial LLC boosted its holdings in shares of Abercrombie & Fitch by 14.9% in the 4th quarter. LPL Financial LLC now owns 18,193 shares of the apparel retailer’s stock worth $317,000 after buying an additional 2,360 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Abercrombie & Fitch by 968.7% in the 4th quarter. Millennium Management LLC now owns 1,124,567 shares of the apparel retailer’s stock worth $19,601,000 after buying an additional 1,019,343 shares during the last quarter. 99.46% of the stock is currently owned by institutional investors.
In related news, Director Arthur C. Martinez sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $23.72, for a total value of $474,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.64% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, March 8th. Abercrombie & Fitch’s dividend payout ratio (DPR) is currently 228.57%.
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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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