Brokerages Anticipate Abercrombie & Fitch Co. (ANF) Will Post Quarterly Sales of $733.12 Million

Brokerages expect Abercrombie & Fitch Co. (NYSE:ANF) to announce $733.12 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Abercrombie & Fitch’s earnings, with estimates ranging from $728.87 million to $743.25 million. Abercrombie & Fitch posted sales of $730.90 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.3%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, May 29th.

According to Zacks, analysts expect that Abercrombie & Fitch will report full year sales of $3.67 billion for the current financial year, with estimates ranging from $3.61 billion to $3.71 billion. For the next financial 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 calculations are an average based on a survey of analysts that follow Abercrombie & Fitch.

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



ANF has been the subject of a number of research reports. Wedbush set a $23.00 price objective on Abercrombie & Fitch and gave the company a “buy” rating in a research note on Thursday, March 7th. Zacks Investment Research raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Thursday, March 7th. JPMorgan Chase & Co. raised Abercrombie & Fitch from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $19.00 to $27.00 in a research note on Thursday, March 7th. Morgan Stanley raised their price objective on Abercrombie & Fitch from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Thursday, March 7th. Finally, B. Riley set a $26.00 price objective on Abercrombie & Fitch and gave the company a “hold” rating in a research note on Thursday, March 7th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $23.36.

Shares of Abercrombie & Fitch stock opened at $26.07 on Friday. 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 52 week low of $15.28 and a 52 week high of $30.63. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.25 and a beta of 0.63.

In other news, Director Nigel Travis acquired 2,917 shares of Abercrombie & Fitch stock in a transaction on Friday, March 8th. The stock was purchased at an average price of $25.70 per share, with a total value of $74,966.90. Following the completion of the purchase, the director now owns 2,917 shares of the company’s stock, valued at approximately $74,966.90. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.95% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Abercrombie & Fitch by 11.1% during the third quarter. Vanguard Group Inc. now owns 11,232,257 shares of the apparel retailer’s stock valued at $237,225,000 after buying an additional 1,119,930 shares during the last quarter. BlackRock Inc. boosted its position in shares of Abercrombie & Fitch by 1.1% during the fourth quarter. BlackRock Inc. now owns 9,748,353 shares of the apparel retailer’s stock valued at $195,453,000 after buying an additional 106,499 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Abercrombie & Fitch by 25.9% during the first quarter. JPMorgan Chase & Co. now owns 2,891,121 shares of the apparel retailer’s stock valued at $79,246,000 after buying an additional 594,811 shares during the last quarter. Contrarius Investment Management Ltd purchased a new position in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $57,945,000. Finally, Paradice Investment Management LLC boosted its position in shares of Abercrombie & Fitch by 1.9% during the first quarter. Paradice Investment Management LLC now owns 2,762,542 shares of the apparel retailer’s stock valued at $75,721,000 after buying an additional 52,612 shares during 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, 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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