Abercrombie & Fitch Company (NYSE:ANF) announced a quarterly dividend on Wednesday, November 15th, NASDAQ reports. Investors of record on Friday, December 1st will be paid a dividend of 0.20 per share by the apparel retailer on Monday, December 11th. This represents a $0.80 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Thursday, November 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 727.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Abercrombie & Fitch to earn $0.21 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 381.0%.

Shares of Abercrombie & Fitch (NYSE:ANF) opened at $17.73 on Wednesday. Abercrombie & Fitch has a 1 year low of $8.81 and a 1 year high of $17.90. The firm has a market cap of $1,139.10, a price-to-earnings ratio of 128.69, a P/E/G ratio of 11.12 and a beta of 0.76. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The firm had revenue of $859.10 million during the quarter, compared to analysts’ expectations of $818.41 million. During the same period in the previous year, the company earned $0.02 earnings per share. Abercrombie & Fitch’s quarterly revenue was up 4.6% compared to the same quarter last year. equities analysts predict that Abercrombie & Fitch will post 0.11 EPS for the current year.

A number of research analysts have commented on the stock. B. Riley restated a “neutral” rating on shares of Abercrombie & Fitch in a research note on Wednesday, November 1st. William Blair restated an “outperform” rating on shares of Abercrombie & Fitch in a research note on Tuesday, September 5th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $16.00 in a research note on Friday, August 25th. BMO Capital Markets set a $14.00 price objective on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Tuesday, August 8th. Finally, Wolfe Research lifted their price objective on shares of Abercrombie & Fitch from $9.00 to $13.00 and gave the company an “underperform” rating in a research note on Monday, November 20th. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $12.98.

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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.

Dividend History for Abercrombie & Fitch (NYSE:ANF)

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