At the last check on Friday, Abercrombie & Fitch Co.’s (NYSE:ANF) stock was up $1.35, moving up 3.28 percent to $42.46. The average number of shares traded per day over the past five days has been 1,297,662 shares. 4 times new highs have been achieved over the past 5 days, with a $2.99 gain in that time frame. In the last twenty days, the average volume was 1,443,580, while in the previous 50 days, it was 1,579,400.
Since last month, ANF stock rose 16.87%. Shares of the company fell to $35.69 on 07/21/23, the lowest level in the past month. A 52-week high of $42.70 was reached on 08/18/23 after having rallying from a 52-week low of $14.02. Since the beginning of this year, ANF’s stock price has risen by 85.33% or $19.52, and marked a new high 29 times. However, the stock has declined by -0.56% since its 52-week high.
ANF stock investors should be aware that Abercrombie & Fitch Co. (ANF) stock had its last reported insider trading activity 8 days ago on Aug 10. Horowitz Fran, the Chief Executive Officer of the company, disposed of 21,711 shares for $40.26 on Aug 10. It resulted in a $874,085 divestment by the insider. Horowitz Fran sold 17,883 shares at an average price of $40.07 on Aug 09. The insider now owns 775,624 shares following the transaction. On Jul 31, Chief Executive Officer Horowitz Fran sold 4,521 shares at $40.08 apiece. The transaction was valued at $181,202.
Valuation Metrics
Right now, Abercrombie & Fitch Co. (ANF) has a P/E ratio of about 69.27. The stock’s beta is 1.50. Besides these, the trailing price-to-sales (P/S) ratio of 0.58, the price-to-book (PB) ratio of 3.00, and the price-to-cash flow ratio of 71.90 may also be considered.
The latest dividend of $0.20 per share was paid out, remained unchanged from last year’s $0.20.
Financial Health
In the three months ended April 30, Abercrombie & Fitch Co.’s quick ratio stood at 0.90, while its current ratio was 1.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 30 was 0.42, and the total debt-to-equity ratio was 0.42. On the profitability front, the trailing twelve-month gross margin is 58.20% percent. In the year ended April 30, operating margins totaled 3.70%. Based on annual data, ANF earned $2.1 billion in gross profit and brought in $3.7 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.60%. Return on equity (ROE) for the past 12 months was 5.30%.
In Abercrombie & Fitch Co.’s quarter-end financial report for April 30, it reported total debt of $297.17 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ANF’s revenue rose 2.78% to $1.2 billion during the quarter, while net income inched up to $835.99 million. While analysts expected Abercrombie & Fitch Co. to report -$0.05 quarterly earnings, the actual figure was $0.39 per share. During the quarter, the company generated $70.04 million in EBITDA. The liabilities of Abercrombie & Fitch Co. were 1.85 billion at the end of its most recent quarter ended April 30, and its total debt was $1.17 billion. The value of shareholders’ equity is $50.06 million.
Technical Picture
This quick technical analysis looks at Abercrombie & Fitch Co.’s (ANF) price momentum. With a historical volatility rate of 32.21%, the RSI 9-day stood at 71.40% on 17 August.
With respect to its five-day moving average, the current Abercrombie & Fitch Co. price is up by +7.58% percent or $2.99. At present, ANF shares trade +17.66% above its 20-day simple moving average and +68.37% percent above its 100-day simple moving average. However, the stock is currently trading approximately +25.72% above its SMA50 and +141.35% above its SMA200.
Stochastic coefficient K was 79.22% and Stochastic coefficient D was 82.28%, while ATR was 1.23. Given the Stochastic reading of 93.53% for the 14-day period, the RSI (14) reading has been calculated as 69.51%. As of today, the MACD Oscillator reading stands at 0.99, while the 14-day reading stands at 1.57.
Analyst Ratings
Argus upgraded its rating on Abercrombie & Fitch Co. (NYSE: ANF) to a Buy in a note to investors on June 12, 2023. The analysts firm previously had a Hold rating on the stock.Abercrombie & Fitch Co. (ANF) has been rated Hold by analysts. According to 1 brokerage firm, ANF is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Abercrombie & Fitch Co. stock as buy, with 3 recommending it as overweight.
With a median target price of $45.00, the current consensus forecast for the stock is $18.00 – $47.00. Based on these forecasts, analysts predict Abercrombie & Fitch Co. (ANF) will achieve an average price target of $40.33.
