The company has been rated an average of 2.92 by 21 Wall Street Analysts. Ten analysts surveyed by Zacks Investment Research predicted $811.3 million in revenue. Finally, FBR & Co. downgraded Abercrombie & Fitch Co. from an “outperform” rating to a “market perform” rating and set a $24.00 price objective on the stock.in a report on Tuesday, June 30th. The shares were acquired at an average cost of $22.55 per share, with a total value of $225,500.00.
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The stock rose as high as $20.50 in early trading after the company posted the numbers. (ANF) stated that on August 20, 2015, the BOARD OF DIRECTORS reported a quarterly cash dividend of $0.20 per share on the Class A Ordinary Stock of Abercrombie & Fitch Co., payable on September 9, 2015 to stockholders of record at the close of business on September 1, 2015. The firm seeing the most upside to the stock has a target of 30, while the most conservative price target sees the stock reaching $14. The apparel retailer reported ($0.53) earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of ($0.34) by $0.19.
Abercrombie & Fitch Company (NYSE:ANF): On Monday heightened volatility was witnessed in Abercrombie & Fitch Company (NYSE:ANF) which led to swings in the share price. To accelerate our efforts, we have reinvigorated Abercrombie & Fitch’s brand design and merchandising teams, recruiting a number of talented executives with expertise relevant to our needs.
In our second quarter, we delivered a meaningful sequential improvement in comparable sales, stabilized gross margins and achieved significant expense reductions. The company now has an average rating of Hold and a consensus price target of $22.70. During the course of the session, 7035859 shares traded hands.
Net loss was $0.8mln, or a penny per share, in the three months ended August 1, from net income of $12.9mln, or $0.17 per share, the New Albany, Ohio-based company said in a statement on Wednesday. The stock has a market cap of $1.15 billion and a PE ratio of 95.70. The company expects an elevated tax rate on a full year basis, which remains highly sensitive to earnings mix by jurisdiction. (NYSE:ANF) through its auxiliaries, operates as a specialty retailer of apparel for men, women, and kids.
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Net sales for the second quarter decreased 6% to $514.5 million in the U.S. and 12% to $303.2 million internationally. The company operates through three segments: U.S. Stores, global Stores, and Direct-to-Consumer. Analysts predict that Abercrombie & Fitch Co. will post $0.73 EPS for the current fiscal year. Shop operations are included by the worldwide Shops segment in Canada, Europe, Asia, Australia and the Middle East. The Direct-to-Consumer segment comprises businesses directly associated with online businesses, both United States and global. It also sells panties, bras, personal care products, sleepwear and at-home products for girls through Hollister beneath the Gilly Hicks brand.
