Abercrombie & Fitch Co. (NYSE:ANF) – Research analysts at B. Riley decreased their Q3 2019 earnings estimates for Abercrombie & Fitch in a note issued to investors on Wednesday, November 14th, Zacks Investment Research reports. B. Riley analyst S. Anderson now forecasts that the apparel retailer will post earnings of $0.24 per share for the quarter, down from their prior estimate of $0.30. B. Riley also issued estimates for Abercrombie & Fitch’s FY2019 earnings at $0.78 EPS and FY2020 earnings at $0.85 EPS.

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

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating and set a $31.00 price target on the stock in a research note on Monday, August 13th. William Blair downgraded Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 30th. Morgan Stanley lifted their price target on Abercrombie & Fitch from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Tuesday, September 4th. ValuEngine downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. Finally, Nomura set a $17.00 price target on Abercrombie & Fitch and gave the company a “hold” rating in a research note on Monday, November 26th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.94.

Shares of ANF stock traded down $0.56 during midday trading on Thursday, hitting $18.76. The company had a trading volume of 2,484,606 shares, compared to its average volume of 4,154,029. The company has a current ratio of 2.19, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26. Abercrombie & Fitch has a 52-week low of $15.28 and a 52-week high of $29.69. The company has a market capitalization of $1.29 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 1.69 and a beta of 0.52.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, December 7th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.80 annualized dividend and a yield of 4.26%. Abercrombie & Fitch’s dividend payout ratio is presently 123.08%.

In other news, Director Kerrii B. Anderson acquired 2,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Tuesday, December 4th. The stock was purchased at an average cost of $19.72 per share, with a total value of $39,440.00. Following the completion of the acquisition, the director now owns 6,686 shares in the company, valued at approximately $131,847.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.95% of the company’s stock.

A number of hedge funds have recently modified their holdings of ANF. Royal Bank of Canada raised its holdings in Abercrombie & Fitch by 491.4% during the first quarter. Royal Bank of Canada now owns 141,289 shares of the apparel retailer’s stock worth $3,420,000 after purchasing an additional 117,398 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in Abercrombie & Fitch during the first quarter worth $228,000. Principal Financial Group Inc. raised its holdings in Abercrombie & Fitch by 2.4% during the first quarter. Principal Financial Group Inc. now owns 521,332 shares of the apparel retailer’s stock worth $12,621,000 after purchasing an additional 12,367 shares during the last quarter. Bank of Montreal Can raised its holdings in Abercrombie & Fitch by 2,604.2% during the second quarter. Bank of Montreal Can now owns 181,884 shares of the apparel retailer’s stock worth $4,453,000 after purchasing an additional 175,158 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its holdings in Abercrombie & Fitch by 7.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 29,320 shares of the apparel retailer’s stock worth $717,000 after purchasing an additional 2,150 shares during the last quarter.

About Abercrombie & Fitch

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.

Featured Story: How to invest in a bear market

Get a free copy of the Zacks research report on Abercrombie & Fitch (ANF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.