Abercrombie & Fitch Co. (NYSE:ANF) shares traded 0.65% higher at $38.96 on Wall Street last session.
In accordance with the data, 9 analysts cover Abercrombie & Fitch Co. (NYSE:ANF). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $43.00 and a low of $18.00, we find $33.50. Given the previous closing price of $38.71, this indicates a potential downside of -13.46 percent. ANF stock price is now 16.38% away from the 50-day moving average and 47.38% away from the 200-day moving average. The market capitalization of the company currently stands at $1.97B.
It has been rated a hold by 4 analysts and a buy by 3. Brokers who have rated the stock have averaged $32.50 as their price target over the next twelve months.
With the price target maintained at $41, Argus recently Upgraded its rating from Hold to Buy for Abercrombie & Fitch Co. (NYSE: ANF).
In other news, Horowitz Fran, Chief Executive Officer sold 60,000 shares of the company’s stock on Jul 26. The stock was sold for $2,303,400 at an average price of $38.39. Upon completion of the transaction, the Chief Executive Officer now directly owns 813,913 shares in the company, valued at $31.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 26, EVP, COO and CFO Lipesky Scott D. sold 7,500 shares of the business’s stock. A total of $285,000 was realized by selling the stock at an average price of $38.00. This leaves the insider owning 131,918 shares of the company worth $5.14 million. Insiders disposed of 798,279 shares of company stock worth roughly $31.1 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 CANDLESTICK CAPITAL MANAGEMENT LP during the first quarter worth $34,444,000. ALYESKA INVESTMENT GROUP, L.P. invested $10,609,000 in shares of ANF during the first quarter. In the first quarter, SHELLBACK CAPITAL, LP acquired a new stake in Abercrombie & Fitch Co. valued at approximately $5,844,000. EA SERIES TRUST acquired a new stake in ANF for approximately $5,619,000. TWO SIGMA ADVISERS, LP purchased a new stake in ANF valued at around $5,427,000 in the second quarter. In total, there are 305 active investors with 102.92% ownership of the company’s stock.
Abercrombie & Fitch Co. (NYSE: ANF) opened at $38.97 on Thursday. During the past 12 months, Abercrombie & Fitch Co. has had a low of $14.02 and a high of $38.78. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 1.40, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $2.67B, which is based on a 63.56 price-to-earnings ratio, a 3.53 price-to-earnings-growth ratio, and a beta of 1.51. The fifty day moving average price for ANF is $33.77 and a two-hundred day moving average price translates $26.55 for the stock.
The latest earnings results from Abercrombie & Fitch Co. (NYSE: ANF) was released for Apr, 2023. According to the Apparel Retail Company, earnings per share came in at $0.39, beating analysts’ expectations of -$0.05 by 0.44. This compares to -$0.29 EPS in the same period last year. The net profit margin was 1.00% and return on equity was 5.30% for ANF. The company reported revenue of $835.99 million for the quarter, compared to $812.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.86 percent. For the current quarter, analysts expect ANF to generate $837.37M 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 in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company operates through two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Hollister, Gilly Hicks, Social Tourist, Abercrombie & Fitch, and abercrombie kids brands. The company sells products through its stores; various wholesale, franchise, and licensing arrangements; and e-commerce platforms. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio.
