Abercrombie & Fitch Co. (NYSE:ANF) issued its quarterly earnings data on Thursday. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07, American Banking and Market News reports. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Abercrombie & Fitch Co. updated its FY14 guidance to 1.40-1.50 EPS.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 34.97 on Friday. Abercrombie & Fitch Co. has a 1-year low of $32.41 and a 1-year high of $55.23. The stock’s 50-day moving average is $35.11 and its 200-day moving average is $43.41. The company has a market cap of $2.671 billion and a price-to-earnings ratio of 11.59.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 17th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.29%.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. downgraded shares of Abercrombie & Fitch Co. from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. On the ratings front, analysts at Mizuho initiated coverage on shares of Abercrombie & Fitch Co. in a research note to investors on Friday, November 15th. They set a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Abercrombie & Fitch Co. from $38.00 to $34.00 in a research note to investors on Wednesday, November 13th. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $42.26.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.
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