Abercrombie & Fitch Co. (ANF) Expected to Announce Quarterly Sales of $1.14 Billion

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Equities research analysts expect Abercrombie & Fitch Co. (NYSE:ANF) to post $1.14 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Abercrombie & Fitch’s earnings. The highest sales estimate is $1.15 billion and the lowest is $1.12 billion. Abercrombie & Fitch reported sales of $1.19 billion during the same quarter last year, which indicates a negative year over year growth rate of 4.2%. The company is expected to announce its next earnings results on Wednesday, March 6th.

On average, analysts expect that Abercrombie & Fitch will report full-year sales of $3.57 billion for the current year, with estimates ranging from $3.56 billion to $3.59 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.61 billion, with estimates ranging from $3.57 billion to $3.65 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Abercrombie & Fitch.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Thursday, November 29th. The apparel retailer reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. Abercrombie & Fitch had a return on equity of 7.23% and a net margin of 1.43%. The firm had revenue of $861.00 million during the quarter, compared to analyst estimates of $856.34 million. During the same quarter last year, the firm earned $0.30 EPS. Abercrombie & Fitch’s quarterly revenue was up .2% on a year-over-year basis.

A number of brokerages have weighed in on ANF. TheStreet upgraded Abercrombie & Fitch from a “c+” rating to a “b-” rating in a research note on Friday, January 25th. Royal Bank of Canada raised their price objective on Abercrombie & Fitch from $23.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, November 30th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price objective (up previously from $20.00) on shares of Abercrombie & Fitch in a research note on Friday, November 30th. ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. Finally, Wedbush raised their price objective on Abercrombie & Fitch from $17.00 to $19.00 in a research note on Friday, December 28th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.23.

NYSE ANF traded up $0.08 during mid-day trading on Thursday, reaching $21.67. 1,598,100 shares of the company’s stock traded hands, compared to its average volume of 2,115,733. Abercrombie & Fitch has a 1-year low of $15.28 and a 1-year high of $29.69. The company has a quick ratio of 1.22, a current ratio of 2.19 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.42 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 1.47 and a beta of 0.50.

In other news, Director Kerrii B. Anderson bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The stock was bought at an average price of $19.72 per share, for a total transaction of $39,440.00. Following the transaction, the director now owns 6,686 shares in the company, valued at $131,847.92. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.95% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC grew its position in shares of Abercrombie & Fitch by 294.6% in the 3rd quarter. AQR Capital Management LLC now owns 654,246 shares of the apparel retailer’s stock worth $13,818,000 after acquiring an additional 488,434 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Abercrombie & Fitch by 46.6% in the 2nd quarter. Voya Investment Management LLC now owns 43,877 shares of the apparel retailer’s stock worth $1,074,000 after purchasing an additional 13,950 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Abercrombie & Fitch by 1.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,065,878 shares of the apparel retailer’s stock worth $22,511,000 after purchasing an additional 13,572 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Abercrombie & Fitch by 11.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,232,257 shares of the apparel retailer’s stock worth $237,225,000 after purchasing an additional 1,119,930 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Abercrombie & Fitch by 7.6% in the 2nd quarter. Northern Trust Corp now owns 926,116 shares of the apparel retailer’s stock worth $22,672,000 after purchasing an additional 65,232 shares during the last quarter.

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, 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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Earnings History and Estimates for Abercrombie & Fitch (NYSE:ANF)

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