Abercrombie & Fitch Co. (NYSE:ANF) finished Thursday with a subtraction of -$0.4 to close at $50.46, a downside of -0.79 percent. An average of 4,809,220 shares of common stock have been traded in the last five days. There was a gain of $9.35 in the past week, and it reached a new high 38 times over the past 12 months. The last 20 days have seen an average of 2,296,635 shares traded, while the 50-day average volume stands at 1,912,836.
ANF stock has increased by 30.35% in the last month. The company shares reached their 1-month lowest point of $36.78 on 07/25/23. With the stock rallying to its 52-week high on 08/24/23, shares of the company touched a low of $14.02 and a high of $51.90 in 52 weeks. It has reached a new high 32 times so far this year and achieved 120.25% or $27.55 in price. In spite of this, the price is down -2.77% from the 52-week high.
Insider Transactions
ANF stock investors should be aware that Abercrombie & Fitch Co. (ANF) stock had its last reported insider trading activity 15 days ago on Aug 10. In this transaction, the insider spent $874,085. Chief Executive Officer, Horowitz Fran, disposed of 17,883 shares at a price of $40.07 on Aug 09. The insider now owns more than $716,572 worth of shares. Prior to that, Chief Executive Officer Horowitz Fran went on to Sale 4,521 shares at $40.08 each on Jul 31. An amount of $181,202 was transacted.
Valuation Metrics
Abercrombie & Fitch Co. (ANF) has a trailing price-to-earnings (P/E) ratio of 82.32. The stock’s beta is 1.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.65, the price-to-book (PB) ratio at 3.56, and the price-to-cash flow ratio at 79.60.
Financial Health
The quick ratio of Abercrombie & Fitch Co. for the three months ended July 30 was 0.90, and the current ratio was 1.40, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.42 and a total debt to equity ratio of 0.42 for the quarter ending July 30. Abercrombie & Fitch Co.’s EBITDA margin for the year ending July 30 is 6.02%, while its operating margin for the same period stands at 3.70%. Its gross profit as reported stood at $2.1 billion compared to revenue of $3.7 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 1.30%.
Earnings Surprise
For the three-month period that ended July 30, Abercrombie & Fitch Co. had $297.17 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 $16.57 million in the quarter, while revenues of $38.33 million were grew 199.4%. The analyst consensus anticipated Abercrombie & Fitch Co.’s latest quarter earnings to come in at $0.17 per share, but it turned out to be $1.1, a 547.10% surprise. For the quarter, EBITDA amounted to $70.04 million. Shareholders own equity worth $50.06 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 24 August was 79.93%, suggesting the stock is Overbought, with historical volatility in this time frame at 109.54%.
As of today, ANF’s price is $45.49 +22.74% or $9.35 from its 5-day moving average. ANF is currently trading +29.52% higher than its 20-day SMA and +81.84% higher than its 100-day SMA. However, the stock’s current price level is +44.21% above the SMA50 and +194.23% above the SMA200.
The stochastic %K and %D were 75.89% and 72.70%, respectively, and the average true range (ATR) was 2.42. With the 14-day stochastic at 82.22% and the average true range at 2.00, the RSI (14) stands at 77.59%. The stock has reached 3.80 on the 9-day MACD Oscillator while the 14-day reading was at 5.21.
Analyst Ratings
Telsey Advisory Group reiterated its an Outperform rating on Abercrombie & Fitch Co. (NYSE: ANF), but raised their price target to $47, indicating a potential price decrease of -7.36% for the stock. 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 $18.00 and $65.00, with a median target of $57.00. Taking a look at these predictions, the average price target given by analysts for Abercrombie & Fitch Co. (ANF) stock is $52.00.
