Abercrombie & Fitch (NYSE:ANF) posted its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06, Briefing.com reports. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The firm had revenue of $859.10 million during the quarter, compared to analysts’ expectations of $818.41 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis.
Abercrombie & Fitch (NYSE ANF) opened at $17.29 on Tuesday. Abercrombie & Fitch has a 52 week low of $8.81 and a 52 week high of $18.44. The stock has a market capitalization of $1,180.00, a P/E ratio of 133.62, a P/E/G ratio of 11.54 and a beta of 0.96. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, December 1st will be paid a $0.20 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.80 annualized dividend and a yield of 4.63%. Abercrombie & Fitch’s dividend payout ratio (DPR) is currently -250.00%.
ANF has been the subject of several recent research reports. William Blair reaffirmed an “outperform” rating on shares of Abercrombie & Fitch in a research note on Tuesday, September 5th. J P Morgan Chase & Co lowered Abercrombie & Fitch from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $12.00 to $10.00 in a research note on Wednesday, November 1st. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $16.00 in a research report on Friday, August 25th. Zacks Investment Research downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Royal Bank Of Canada upgraded Abercrombie & Fitch from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from $12.00 to $14.00 in a research report on Thursday, August 31st. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.98.
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About Abercrombie & Fitch
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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