Abercrombie & Fitch Co. (NYSE:ANF) – Research analysts at Wedbush cut their Q1 2021 EPS estimates for shares of Abercrombie & Fitch in a note issued to investors on Wednesday, March 4th. Wedbush analyst J. Redding now anticipates that the apparel retailer will post earnings per share of ($0.66) for the quarter, down from their prior forecast of ($0.44). Wedbush currently has a “Neutral” rating and a $18.00 price objective on the stock. Wedbush also issued estimates for Abercrombie & Fitch’s Q2 2021 earnings at ($0.23) EPS, Q3 2021 earnings at $0.39 EPS, Q4 2021 earnings at $1.79 EPS, FY2021 earnings at $1.30 EPS and FY2022 earnings at $1.40 EPS.
Other research analysts have also recently issued reports about the company. DA Davidson restated a “neutral” rating and issued a $15.00 price objective on shares of Abercrombie & Fitch in a research note on Thursday, March 5th. B. Riley restated a “hold” rating and issued a $15.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating on shares of Abercrombie & Fitch in a research note on Monday, February 24th. TheStreet upgraded Abercrombie & Fitch from a “c” rating to a “b-” rating in a research note on Wednesday, March 4th. Finally, Robert W. Baird raised their target price on Abercrombie & Fitch from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Abercrombie & Fitch has an average rating of “Hold” and an average target price of $18.91.
Shares of NYSE:ANF opened at $10.41 on Monday. Abercrombie & Fitch has a 52-week low of $10.01 and a 52-week high of $30.63. The stock has a market cap of $732.27 million, a price-to-earnings ratio of 16.79, a PEG ratio of 0.63 and a beta of 1.14. The company has a quick ratio of 0.70, a current ratio of 1.55 and a debt-to-equity ratio of 1.39. The business has a 50-day moving average price of $15.64 and a 200-day moving average price of $16.27.
Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, March 4th. The apparel retailer reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.08. Abercrombie & Fitch had a return on equity of 4.61% and a net margin of 1.09%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business posted $1.35 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, March 6th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 7.68%. The ex-dividend date is Thursday, March 5th. Abercrombie & Fitch’s dividend payout ratio (DPR) is 109.59%.
A number of institutional investors have recently bought and sold shares of ANF. Rhumbline Advisers grew its holdings in Abercrombie & Fitch by 4.3% during the third quarter. Rhumbline Advisers now owns 212,001 shares of the apparel retailer’s stock worth $3,307,000 after acquiring an additional 8,657 shares during the period. State of Tennessee Treasury Department grew its holdings in Abercrombie & Fitch by 9.1% in the third quarter. State of Tennessee Treasury Department now owns 48,900 shares of the apparel retailer’s stock valued at $763,000 after purchasing an additional 4,061 shares during the period. California Public Employees Retirement System grew its holdings in Abercrombie & Fitch by 14.4% in the third quarter. California Public Employees Retirement System now owns 124,687 shares of the apparel retailer’s stock valued at $1,945,000 after purchasing an additional 15,684 shares during the period. Russell Investments Group Ltd. grew its holdings in Abercrombie & Fitch by 17.3% in the third quarter. Russell Investments Group Ltd. now owns 56,991 shares of the apparel retailer’s stock valued at $888,000 after purchasing an additional 8,417 shares during the period. Finally, First Trust Advisors LP grew its holdings in Abercrombie & Fitch by 69.5% in the third quarter. First Trust Advisors LP now owns 183,410 shares of the apparel retailer’s stock valued at $2,861,000 after purchasing an additional 75,190 shares during the period.
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, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.