Brokerages forecast that Abercrombie & Fitch Co. (NYSE:ANF) will post sales of $734.70 million for the current quarter, Zacks reports. Seven analysts have provided estimates for Abercrombie & Fitch’s earnings, with the highest sales estimate coming in at $743.25 million and the lowest estimate coming in at $729.42 million. Abercrombie & Fitch reported sales of $730.90 million in the same quarter last year, which indicates a positive year over year growth rate of 0.5%. The business is scheduled to issue its next quarterly earnings report on Friday, June 7th.

On average, analysts expect that Abercrombie & Fitch will report full year sales of $3.67 billion for the current year, with estimates ranging from $3.61 billion to $3.71 billion. For the next financial year, analysts expect that the company will post sales of $3.74 billion, with estimates ranging from $3.64 billion to $3.83 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Abercrombie & Fitch.

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. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. Abercrombie & Fitch had a net margin of 2.12% and a return on equity of 6.93%. Abercrombie & Fitch’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.38 earnings per share.

Several research analysts have weighed in on ANF shares. Wedbush upped their price objective on shares of Abercrombie & Fitch from $17.00 to $19.00 in a report on Friday, December 28th. TheStreet upgraded shares of Abercrombie & Fitch from a “c+” rating to a “b-” rating in a report on Friday, January 25th. Zacks Investment Research upgraded 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. ValuEngine upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Wednesday, March 6th. Finally, Argus increased their target price on shares of Abercrombie & Fitch to $28.00 and gave the stock a “buy” rating in a research report on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $23.36.

NYSE ANF traded down $0.10 on Monday, hitting $26.29. 1,840,994 shares of the company were exchanged, compared to its average volume of 2,466,998. The company has a quick ratio of 1.61, a current ratio of 2.39 and a debt-to-equity ratio of 0.24. Abercrombie & Fitch has a 12 month low of $15.28 and a 12 month high of $29.69. The firm has a market cap of $1.76 billion, a PE ratio of 22.86, a P/E/G ratio of 1.26 and a beta of 0.56.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, March 8th will be given a $0.20 dividend. The ex-dividend date is Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.04%. Abercrombie & Fitch’s dividend payout ratio (DPR) is currently 69.57%.

In other news, Director Nigel Travis acquired 2,917 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was bought at an average cost of $25.70 per share, for a total transaction of $74,966.90. Following the completion of the transaction, the director now owns 2,917 shares of the company’s stock, valued at $74,966.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.95% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake 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 purchasing an additional 763 shares in the last quarter. ClariVest Asset Management LLC raised its stake 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 valued at $2,025,000 after purchasing an additional 900 shares in the last quarter. Nordea Investment Management AB raised 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 acquiring an additional 900 shares in the last quarter. Texas Permanent School Fund raised 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 acquiring an additional 946 shares in the last quarter. Finally, Commonwealth Bank of Australia raised 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 acquiring 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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