Jefferies Group Comments on Abercrombie & Fitch Co.’s Q1 2019 Earnings (NYSE:ANF)

Abercrombie & Fitch Co. (NYSE:ANF) – Stock analysts at Jefferies Group issued their Q1 2019 EPS estimates for Abercrombie & Fitch in a research note issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst J. Stichter forecasts that the apparel retailer will post earnings of ($0.73) per share for the quarter. Jefferies Group currently has a “Hold” rating and a $24.00 price objective on the stock. Jefferies Group also issued estimates for Abercrombie & Fitch’s Q2 2019 earnings at ($0.12) EPS.

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Several other brokerages have also issued reports on ANF. Telsey Advisory Group restated a “market perform” rating and issued a $26.00 price objective (up from $24.00) on shares of Abercrombie & Fitch in a report on Thursday, March 8th. BMO Capital Markets set a $23.00 price objective on shares of Abercrombie & Fitch and gave the company a “hold” rating in a report on Wednesday, March 7th. Royal Bank of Canada set a $27.00 price objective on shares of Abercrombie & Fitch and gave the company a “hold” rating in a report on Wednesday, March 7th. Robert W. Baird set a $27.00 price objective on shares of Abercrombie & Fitch and gave the company a “hold” rating in a report on Wednesday, March 7th. Finally, B. Riley restated a “neutral” rating and issued a $24.00 price objective (up from $22.00) on shares of Abercrombie & Fitch in a report on Thursday, March 8th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.57.

ANF stock opened at $23.25 on Friday. The firm has a market cap of $1,583.37, a PE ratio of 29.06, a PEG ratio of 2.44 and a beta of 1.05. Abercrombie & Fitch has a 1 year low of $8.81 and a 1 year high of $24.52. The company has a current ratio of 2.49, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, March 7th. The apparel retailer reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.28. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Abercrombie & Fitch had a net margin of 0.20% and a return on equity of 4.86%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Abercrombie & Fitch by 5.8% during the fourth quarter. BlackRock Inc. now owns 8,868,479 shares of the apparel retailer’s stock worth $154,577,000 after buying an additional 485,775 shares during the period. Paradice Investment Management LLC increased its stake in shares of Abercrombie & Fitch by 3.8% during the fourth quarter. Paradice Investment Management LLC now owns 2,634,631 shares of the apparel retailer’s stock worth $45,922,000 after buying an additional 95,970 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Abercrombie & Fitch by 0.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,216,206 shares of the apparel retailer’s stock worth $21,201,000 after buying an additional 5,146 shares during the period. Millennium Management LLC increased its stake in shares of Abercrombie & Fitch by 968.7% during the fourth quarter. Millennium Management LLC now owns 1,124,567 shares of the apparel retailer’s stock worth $19,601,000 after buying an additional 1,019,343 shares during the period. Finally, Contrarius Investment Management Ltd purchased a new stake in shares of Abercrombie & Fitch during the third quarter worth approximately $15,040,000. Hedge funds and other institutional investors own 99.46% of the company’s stock.

In related news, Director Arthur C. Martinez sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $23.72, for a total transaction of $474,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

The company also recently announced a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Friday, March 9th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, March 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.44%. Abercrombie & Fitch’s payout ratio is 1,333.56%.

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

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