Equities research analysts expect Abercrombie & Fitch Co. (NYSE:ANF) to announce sales of $855.71 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Abercrombie & Fitch’s earnings. The lowest sales estimate is $841.26 million and the highest is $862.10 million. Abercrombie & Fitch posted sales of $859.11 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.4%. The business is scheduled to report its next earnings report before the market opens on Thursday, November 29th.

According to Zacks, analysts expect that Abercrombie & Fitch will report full year sales of $3.57 billion for the current financial year, with estimates ranging from $3.52 billion to $3.61 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.60 billion, with estimates ranging from $3.52 billion to $3.68 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Abercrombie & Fitch.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.10. The business had revenue of $842.41 million for the quarter, compared to analyst estimates of $845.11 million. Abercrombie & Fitch had a net margin of 1.05% and a return on equity of 7.02%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.16) earnings per share.

ANF has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on shares of Abercrombie & Fitch to $19.00 and gave the stock an “underweight” rating in a research report on Friday, August 31st. ValuEngine downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Zacks Investment Research downgraded shares of Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 22nd. William Blair downgraded shares of Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a report on Thursday, August 30th. Finally, Wedbush lowered their target price on shares of Abercrombie & Fitch from $25.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, October 11th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.14.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings in shares of Abercrombie & Fitch by 174.2% in the second quarter. Renaissance Technologies LLC now owns 2,924,700 shares of the apparel retailer’s stock valued at $71,597,000 after purchasing an additional 1,858,200 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Abercrombie & Fitch by 53.4% in the third quarter. Bank of New York Mellon Corp now owns 2,486,909 shares of the apparel retailer’s stock valued at $52,523,000 after purchasing an additional 865,643 shares during the last quarter. Tyvor Capital LLC increased its holdings in shares of Abercrombie & Fitch by 520.7% in the third quarter. Tyvor Capital LLC now owns 930,976 shares of the apparel retailer’s stock valued at $19,662,000 after purchasing an additional 780,976 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Abercrombie & Fitch by 294.6% in the third quarter. AQR Capital Management LLC now owns 654,246 shares of the apparel retailer’s stock valued at $13,818,000 after purchasing an additional 488,434 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Abercrombie & Fitch by 127.4% in the third quarter. Canada Pension Plan Investment Board now owns 862,998 shares of the apparel retailer’s stock valued at $18,227,000 after purchasing an additional 483,500 shares during the last quarter.

Shares of ANF stock opened at $17.53 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.43 and a current ratio of 2.25. The firm has a market capitalization of $1.23 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.59 and a beta of 0.46. Abercrombie & Fitch has a 12 month low of $12.36 and a 12 month high of $29.69.

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, 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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Earnings History and Estimates for Abercrombie & Fitch (NYSE:ANF)

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