Wall Street analysts predict that Abercrombie & Fitch Co. (NYSE:ANF) will post sales of $733.46 million for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Abercrombie & Fitch’s earnings, with the lowest sales estimate coming in at $728.87 million and the highest estimate coming in at $743.25 million. Abercrombie & Fitch reported sales of $730.90 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.4%. The firm is scheduled to report its next earnings results before the market opens on Wednesday, May 29th.

According to Zacks, analysts expect that Abercrombie & Fitch will report full-year sales of $3.68 billion for the current financial year, with estimates ranging from $3.61 billion to $3.71 billion. For the next year, analysts expect that the firm will post sales of $3.75 billion, with estimates ranging from $3.67 billion to $3.83 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Abercrombie & Fitch.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, March 6th. The apparel retailer reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.20. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. Abercrombie & Fitch had a return on equity of 6.93% and a net margin of 2.12%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.38 EPS.

A number of research analysts have weighed in on ANF shares. Wedbush set a $23.00 target price on Abercrombie & Fitch and gave the company a “buy” rating in a report on Thursday, March 7th. Zacks Investment Research raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Thursday, March 7th. JPMorgan Chase & Co. raised Abercrombie & Fitch from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $19.00 to $27.00 in a report on Thursday, March 7th. Morgan Stanley lifted their target price on Abercrombie & Fitch from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Thursday, March 7th. Finally, B. Riley set a $26.00 price objective on Abercrombie & Fitch and gave the stock a “hold” rating in a report on Thursday, March 7th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Abercrombie & Fitch has a consensus rating of “Hold” and an average target price of $23.36.

ANF stock traded up $0.28 during mid-day trading on Friday, reaching $24.61. 2,233,538 shares of the company traded hands, compared to its average volume of 1,866,214. The company has a quick ratio of 1.61, a current ratio of 2.39 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.64 billion, a PE ratio of 21.40, a PEG ratio of 1.21 and a beta of 0.63. Abercrombie & Fitch has a 52-week low of $15.28 and a 52-week high of $30.63.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, June 6th. Abercrombie & Fitch’s payout ratio is 69.57%.

In other Abercrombie & Fitch 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 price of $25.70 per share, with a total value of $74,966.90. Following the completion of the acquisition, 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 is available at this link. 0.95% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB lifted its position in Abercrombie & Fitch by 38.2% in the 1st quarter. Nordea Investment Management AB now owns 139,600 shares of the apparel retailer’s stock worth $3,826,000 after buying an additional 38,600 shares during the last quarter. Lombard Odier Asset Management USA Corp bought a new stake in Abercrombie & Fitch in the 1st quarter worth approximately $4,315,000. BlueMountain Capital Management LLC lifted its position in Abercrombie & Fitch by 127.7% in the 1st quarter. BlueMountain Capital Management LLC now owns 54,917 shares of the apparel retailer’s stock worth $1,505,000 after buying an additional 30,799 shares during the last quarter. Maverick Capital Ltd. lifted its position in Abercrombie & Fitch by 144,275.4% in the 1st quarter. Maverick Capital Ltd. now owns 880,690 shares of the apparel retailer’s stock worth $24,140,000 after buying an additional 880,080 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in Abercrombie & Fitch in the 1st quarter worth approximately $100,000.

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, 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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