The stock of Abercrombie & Fitch Co. (NYSE:ANF) last traded at $21.78, unchanged from the previous session.
Data from the available sources indicates that Abercrombie & Fitch Co. (NYSE:ANF) is covered by 9 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $16.00, we find $24.50. Given the previous closing price of $21.78, this indicates a potential upside of 12.49 percent. ANF stock price is now 12.03% away from the 50-day moving average and -2.76% away from the 200-day moving average. The market capitalization of the company currently stands at $1.07B.
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In total, 4 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $23.33 as their price target over the next twelve months.
With the price target reduced from $59 to $30, Citigroup Downgraded its rating from Buy to Neutral for Abercrombie & Fitch Co. (NYSE: ANF). On March 03, 2022, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $45 to quote $40, while ‘UBS’ rates the stock as ‘Neutral’.
In other news, BURMAN TERRY LEE, Director sold 42,663 shares of the company’s stock on Nov 23. The stock was sold for $962,733 at an average price of $22.57. Upon completion of the transaction, the Director now directly owns 53,214 shares in the company, valued at $1.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 16, Director GREENLEES MICHAEL E sold 1,500 shares of the business’s stock. A total of $27,255 was realized by selling the stock at an average price of $18.17. This leaves the insider owning 9,849 shares of the company worth $0.21 million. Insiders disposed of 272,981 shares of company stock worth roughly $5.95 million over the past 1 year. A total of 2.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ANF stock. A new stake in Abercrombie & Fitch Co. shares was purchased by SCHONFELD STRATEGIC ADVISORS LLC during the first quarter worth $14,758,000. IPG INVESTMENT ADVISORS LLC invested $11,407,000 in shares of ANF during the first quarter. In the first quarter, IMPALA ASSET MANAGEMENT LLC acquired a new stake in Abercrombie & Fitch Co. valued at approximately $3,267,000. CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in ANF for approximately $2,158,000. GREAT WEST LIFE ASSURANCE CO /CAN/ purchased a new stake in ANF valued at around $1,357,000 in the second quarter.
With an opening price of $21.61 on Friday morning, Abercrombie & Fitch Co. (NYSE: ANF) set off the trading day. During the past 12 months, Abercrombie & Fitch Co. has had a low of $14.02 and a high of $42.09. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 1.30, and a quick ratio of 0.50. The fifty day moving average price for ANF is $19.55 and a two-hundred day moving average price translates $22.35 for the stock.
The latest earnings results from Abercrombie & Fitch Co. (NYSE: ANF) was released for Jul, 2022. According to the Apparel Retail Company, earnings per share came in at -$0.3, missing analysts’ expectations of $0.22 by -0.52. This compares to $0.80 EPS in the same period last year. The net profit margin was 0.80% and return on equity was 4.20% for ANF. The company reported revenue of $880.08 million for the quarter, compared to $905.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.77 percent. For the current quarter, analysts expect ANF to generate $832.59M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/16/2020. Investors who held shares on 03/06/2020 were paid a $0.20 dividend.
Abercrombie & Fitch Co.(ANF) Company Profile
Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands. As of January 29, 2022, it operated approximately 729 retail stores in Europe, Asia, Canada, the Middle East, United States, and internationally. The company sells products through its stores; various third-party wholesale, franchise, and licensing arrangements; and e-commerce platforms. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio.
