The Insider Activity Report For Abercrombie & Fitch Co. (ANF): Who’s Selling?

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Abercrombie & Fitch Co. (NYSE:ANF) finished Wednesday with a subtraction of -$0.34 to close at $15.59, a downside of -2.13 percent. An average of 2,001,460 shares of common stock have been traded in the last five days. There was a gain of $0.25 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 2,798,100 shares traded, while the 50-day average volume stands at 2,020,750.

ANF stock has decreased by -21.26% in the last month. The company shares reached their 1-month lowest point of $14.02 on 09/01/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $14.02 and a high of $48.97 in 52 weeks. It has reached a new high 9 times so far this year and lost -55.24% or -$19.24 in price. In spite of this, the price is down -68.16% from the 52-week high.


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Insider Transactions

98 days have passed since Abercrombie & Fitch Co. (ANF) last reported insider trading activity. GREENLEES MICHAEL E, who is Director, most recently acquired $1,500 shares at $18.17 per share on Jun 16. In this transaction, the insider spent $27,255. Director, Gallagher Sarah M., disposed of 10,000 shares at a price of $39.11 on Nov 24. The insider now owns more than $391,100 worth of shares. Prior to that, President-Global Brands Scott Kristin A. went on to Sale 5,791 shares at $45.00 each on Nov 03. An amount of $260,595 was transacted.

Valuation Metrics

Abercrombie & Fitch Co. (ANF) has a trailing price-to-earnings (P/E) ratio of 12.74. The stock’s beta is 1.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.20, the price-to-book (PB) ratio at 1.19.

Financial Health

The quick ratio of Abercrombie & Fitch Co. for the three months ended April 29 was 0.60, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.46 and a total debt to equity ratio of 0.46 for the quarter ending April 29. Its gross profit as reported stood at $2.31 billion compared to revenue of $3.71 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Abercrombie & Fitch Co.’s return on assets was 2.80%.

Earnings Surprise

For the three-month period that ended April 29, Abercrombie & Fitch Co. had $304.22 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$16.83 million in the quarter, while revenues of -$16.47 million were grew 744.68%. The analyst consensus anticipated Abercrombie & Fitch Co.’s latest quarter earnings to come in at $0.02 per share, but it turned out to be -$0.27, a -1,450.00% surprise. For the quarter, EBITDA amounted to $29.46 million. Shareholders own equity worth $49.45 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Abercrombie & Fitch Co. (ANF) price momentum. RSI 9-day as of the close on 21 September was 42.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 47.66%.

As of today, ANF’s price is $15.62 +1.63% or $0.25 from its 5-day moving average. ANF is currently trading -21.06% lower than its 20-day SMA and -56.12% lower than its 100-day SMA. However, the stock’s current price level is -7.86% below the SMA50 and -55.37% below the SMA200.

The stochastic %K and %D were 62.26% and 57.47%, respectively, and the average true range (ATR) was 0.92. With the 14-day stochastic at 53.22% and the average true range at 0.97, the RSI (14) stands at 42.15%. The stock has reached 0.11 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.

Analyst Ratings

Citigroup downgraded Abercrombie & Fitch Co. (NYSE: ANF) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Abercrombie & Fitch Co. (ANF) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ANF, while 4 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is ANF’s price target for the next 12 months?

Analysts predict a range of price targets between $15.00 and $25.00, with a median target of $19.50. Taking a look at these predictions, the average price target given by analysts for Abercrombie & Fitch Co. (ANF) stock is $20.00.

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