The stock of Abercrombie & Fitch Co. (NYSE:ANF) increased by $0.62 on Monday to $50.78, up 1.24 percent. The last five days have seen an average of 4,603,467 shares of common stock traded. 32 times new highs were reached in the current year, with a gain of $27.77. The average number of shares traded over the last 20 days was 2,298,217, while the average volume over the last 50 days totaled 1,934,331.
ANF stock appreciated 27.01% since last month. On 08/02/23, the company’s shares reached a one-month low of $38.53. The stock touched a high of $53.02 on 08/24/23, after rallying from a low of $14.02 in 52 weeks. The price of ANF stock has risen by 121.65% or $27.77 this year, reaching a new high 32 times. Still, the stock price is down -4.23% 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 4 days ago on Aug 24. On Aug 24, President-Global Brands Scott Kristin A. sold 143,249 shares at $51.12 each. This transaction resulted in the insider making $7,322,677. On Aug 24, HENCHEL GREGORY J sold 27,910 shares at a price of US$51.05. After the transaction, the insider now owns 35,931 shares. EVP Human Resources Rust Jay had earlier sold 2,385 shares on Aug 24 for $51.80 a share. The transaction was completed for $123,553.
Valuation Metrics
Abercrombie & Fitch Co. (ANF) has a trailing price-to-earnings (P/E) ratio of 24.77. Beta for the stock is 1.45. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.66, the price-to-book (PB) ratio of 3.59.
Company paid $0.20 per share in dividends, remained unchanged from $0.20 last year.
Financial Health
For the three months ended July 30, Abercrombie & Fitch Co.’s quick ratio was 0.90, while its current ratio was 1.40, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending July 30 is 0.42, and the total debt to equity ratio is 0.42. As far as profitability goes, gross margin for the trailing twelve months is 59.30% percent. Abercrombie & Fitch Co.’s EBITDA margin for the year ended July 30 was 6.02%, whereas its operating margin stood at 2.40% for the same period. Based on annual data, it had gross profit of $2.1 billion and revenue of $3.7 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ANF’s return on assets (ROA) during the last 12 months has been 0.10%. There was a 3.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 0.40%.
Earnings Surprise
According to Abercrombie & Fitch Co.’s quarterly financial report for the quarter that ended July 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $835.99 million, while revenues rose by 2.78% to $1.2 billion. It was predicted that Abercrombie & Fitch Co.’s quarterly earnings would be $1.1, but it ended up being $0.17, beating the consensus by 547.10%. EBITDA was $70.04 million for the quarter. At the end of Abercrombie & Fitch Co.’s most recent quarter ended July 30, its liabilities totaled 1.85 billion, while its total debt was $1.18 billion. Equity owned by shareholders amounts to $50.06 million.
Technical Picture
Here’s a quick look at Abercrombie & Fitch Co.’s (ANF) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 79.06%, suggesting the stock is Overbought, with a 110.44% historical volatility rate.
The stochastic %K and %D were 81.80% and 80.84% respectively, while the average true range (ATR) was 2.26. Based on the 14-day stochastic reading of 83.04%, the RSI (14) reading is 77.00%. On the 9-day MACD Oscillator, the stock is at 4.73, and the 14-day reading is at 6.59.
Analyst Ratings
In its most recent analyst report, Morgan Stanley raised its rating on Abercrombie & Fitch Co. (NYSE: ANF) to an Equal-weight. Prior to this, analysts firm rated the stock as an Underweight. Analysts have assigned Abercrombie & Fitch Co. (ANF) an Overweight rating. ANF is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is ANF’s price target for the next 12 months?
The current consensus forecast for the stock is between $51.00 and $65.00, with a median target price of $57.00. In analyzing these forecasts, the average price target given by analysts for Abercrombie & Fitch Co. (ANF) is $57.50.
