Wall Street analysts expect Abercrombie & Fitch Co. (NYSE:ANF) to report sales of $854.04 million for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Abercrombie & Fitch’s earnings. The highest sales estimate is $860.56 million and the lowest is $848.17 million. Abercrombie & Fitch reported sales of $842.41 million in the same quarter last year, which indicates a positive year over year growth rate of 1.4%. The company is expected to issue its next earnings results before the market opens on Thursday, August 29th.

On average, analysts expect that Abercrombie & Fitch will report full year sales of $3.66 billion for the current year, with estimates ranging from $3.62 billion to $3.69 billion. For the next fiscal year, analysts expect that the firm will post sales of $3.72 billion, with estimates ranging from $3.65 billion to $3.79 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Abercrombie & Fitch.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.14. Abercrombie & Fitch had a net margin of 2.76% and a return on equity of 8.73%. The company had revenue of $733.97 million for the quarter, compared to the consensus estimate of $730.79 million. During the same period in the previous year, the firm earned ($0.56) EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis.

A number of equities analysts have recently commented on ANF shares. Deutsche Bank set a $15.00 target price on Abercrombie & Fitch and gave the stock a “sell” rating in a report on Friday, August 16th. TheStreet lowered Abercrombie & Fitch from a “b-” rating to a “c+” rating in a research report on Monday, June 17th. ValuEngine raised Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Bank of America reduced their price target on Abercrombie & Fitch from $20.00 to $16.00 and set an “underperform” rating for the company in a research report on Thursday, May 30th. Finally, Zacks Investment Research raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Tuesday, May 21st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $21.58.

Shares of Abercrombie & Fitch stock traded up $0.93 during trading on Friday, hitting $16.59. 3,157,700 shares of the company’s stock traded hands, compared to its average volume of 2,675,031. The stock has a market capitalization of $1.03 billion, a P/E ratio of 14.43, a PEG ratio of 1.16 and a beta of 0.89. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.64 and a quick ratio of 1.04. The business has a 50-day simple moving average of $17.32 and a 200-day simple moving average of $21.72. Abercrombie & Fitch has a 1 year low of $14.66 and a 1 year high of $30.63.

Hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its stake in shares of Abercrombie & Fitch by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 25,501 shares of the apparel retailer’s stock valued at $699,000 after acquiring an additional 461 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Abercrombie & Fitch by 0.3% during the 1st quarter. Rhumbline Advisers now owns 198,505 shares of the apparel retailer’s stock valued at $5,441,000 after buying an additional 544 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Abercrombie & Fitch by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 21,146 shares of the apparel retailer’s stock valued at $580,000 after buying an additional 698 shares during the period. Gagnon Securities LLC boosted its stake in shares of Abercrombie & Fitch by 3.1% during the 2nd quarter. Gagnon Securities LLC now owns 23,677 shares of the apparel retailer’s stock valued at $380,000 after buying an additional 706 shares during the period. Finally, Comerica Bank boosted its stake in shares of Abercrombie & Fitch by 1.4% during the 1st quarter. Comerica Bank now owns 66,970 shares of the apparel retailer’s stock valued at $1,707,000 after buying an additional 924 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.

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

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