Abercrombie & Fitch Company (NYSE:ANF) declared a quarterly dividend on Friday, August 18th, NASDAQ reports. Shareholders of record on Friday, September 1st will be paid a dividend of 0.20 per share by the apparel retailer on Monday, September 11th. This represents a $0.80 annualized dividend and a yield of 7.11%. The ex-dividend date of this dividend is Wednesday, August 30th.
Abercrombie & Fitch has decreased its dividend payment by an average of 9.1% annually over the last three years. Abercrombie & Fitch has a dividend payout ratio of -250.0% 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 ($0.12) per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of -666.7%.
Shares of Abercrombie & Fitch (ANF) traded up 7.82% on Friday, reaching $12.13. The company’s stock had a trading volume of 4,911,152 shares. Abercrombie & Fitch has a 1-year low of $8.81 and a 1-year high of $23.29. The stock has a 50-day moving average of $9.80 and a 200 day moving average of $11.57. The stock’s market capitalization is $825.03 million.
Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.17. The firm had revenue of $779 million during the quarter, compared to analysts’ expectations of $758.57 million. Abercrombie & Fitch had a negative net margin of 0.55% and a negative return on equity of 1.26%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.25) earnings per share. On average, equities analysts forecast that Abercrombie & Fitch will post ($0.17) EPS for the current year.
ANF has been the subject of several research analyst reports. Telsey Advisory Group upped their price target on shares of Abercrombie & Fitch from $13.00 to $15.00 and gave the company a “market perform” rating in a report on Friday, May 26th. Standpoint Research cut shares of Abercrombie & Fitch from a “buy” rating to a “reduce” rating in a report on Wednesday, May 10th. BMO Capital Markets set a $14.00 price target on shares of Abercrombie & Fitch and gave the company a “hold” rating in a report on Tuesday, August 8th. Vetr upgraded shares of Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating and set a $12.64 price target for the company in a report on Monday, July 10th. Finally, Zacks Investment Research cut shares of Abercrombie & Fitch from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Eleven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $13.53.
Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
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