Abercrombie & Fitch Co. (NYSE:ANF) declared a quarterly dividend on Wednesday, May 23rd, RTT News reports. Shareholders of record on Friday, June 8th will be given a dividend of 0.20 per share by the apparel retailer on Monday, June 18th. This represents a $0.80 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Thursday, June 7th.
Abercrombie & Fitch has a payout ratio of 888.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Abercrombie & Fitch to earn $0.89 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 89.9%.
Abercrombie & Fitch traded down $0.41, reaching $25.59, during trading hours on Thursday, Marketbeat.com reports. 2,487,531 shares of the stock were exchanged, compared to its average volume of 3,014,019. The stock has a market cap of $1.79 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 2.63 and a beta of 0.85. The company has a current ratio of 2.54, a quick ratio of 1.66 and a debt-to-equity ratio of 0.25. Abercrombie & Fitch has a 12 month low of $8.81 and a 12 month high of $29.20.
Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Friday, June 1st. The apparel retailer reported ($0.56) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.77) by $0.21. The company had revenue of $730.90 million during the quarter, compared to analysts’ expectations of $695.68 million. Abercrombie & Fitch had a return on equity of 5.72% and a net margin of 0.74%. Abercrombie & Fitch’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.91) EPS. analysts forecast that Abercrombie & Fitch will post 0.8 earnings per share for the current fiscal year.
In related news, Director Kerrii B. Anderson acquired 2,000 shares of the business’s stock in a transaction on Tuesday, June 5th. The stock was purchased at an average cost of $24.03 per share, for a total transaction of $48,060.00. Following the completion of the transaction, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $60,075. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.95% of the company’s stock.
Several equities analysts have recently weighed in on the company. TheStreet upgraded Abercrombie & Fitch from a “c” rating to a “b-” rating in a report on Thursday, May 17th. Wedbush assumed coverage on Abercrombie & Fitch in a report on Thursday, May 10th. They issued a “neutral” rating and a $25.00 price objective for the company. ValuEngine upgraded Abercrombie & Fitch from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research cut Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 27th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Abercrombie & Fitch in a report on Thursday, March 8th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.99.
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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