As of Thursday close, Abercrombie & Fitch Co.’s (NYSE:ANF) stock was down -$0.93, moving down -1.85 percent to $49.32. The average number of shares traded per day over the past five days has been 1,667,880 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.94 fall in that time frame. In the last twenty days, the average volume was 1,801,925, while in the previous 50 days, it was 2,001,382.
Since last month, ANF stock rose 19.80%. Shares of the company fell to $40.50 on 08/22/23, the lowest level in the past month. A 52-week high of $55.52 was reached on 09/07/23 after having rallying from a 52-week low of $14.43. Since the beginning of this year, ANF’s stock price has risen by 115.28% or $26.41, and marked a new high 37 times. However, the stock has declined by -11.17% since its 52-week high.
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ANF stock investors should be aware that Abercrombie & Fitch Co. (ANF) stock had its last reported insider trading activity 29 days ago on Aug 24. Scott Kristin A., the President-Global Brands of the company, disposed of 143,249 shares for $51.12 on Aug 24. It resulted in a $7,322,677 divestment by the insider. HENCHEL GREGORY J sold 27,910 shares at an average price of $51.05 on Aug 24. The insider now owns 35,931 shares following the transaction. On Aug 24, EVP Human Resources Rust Jay sold 2,385 shares at $51.80 apiece. The transaction was valued at $123,553.
Valuation Metrics
Right now, Abercrombie & Fitch Co. (ANF) has a P/E ratio of about 24.06. The stock’s beta is 1.48. Besides these, the trailing price-to-sales (P/S) ratio of 0.63, the price-to-book (PB) ratio of 3.23, and the price-to-cash flow ratio of 8.71 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 July 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 July 30 was 0.39, and the total debt-to-equity ratio was 0.39. On the profitability front, the trailing twelve-month gross margin is 59.30% percent. In the year ended July 30, EBITDA margin amounted to 6.02%, whereas operating margins totaled 5.90%. 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 15.60%.
In Abercrombie & Fitch Co.’s quarter-end financial report for July 30, it reported total debt of $297.39 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ANF’s revenue rose 13.93% to $835.99 million during the quarter, while net income inched up to $935.35 million. While analysts expected Abercrombie & Fitch Co. to report $0.17 quarterly earnings, the actual figure was $1.1 per share, beating the consensus estimate by 547.10%. During the quarter, the company generated $126.22 million in EBITDA. The liabilities of Abercrombie & Fitch Co. were 2.02 billion at the end of its most recent quarter ended July 30, and its total debt was $1.18 billion. The value of shareholders’ equity is $50.36 million.
Technical Picture
This quick technical analysis looks at Abercrombie & Fitch Co.’s (ANF) price momentum. With a historical volatility rate of 26.57%, the RSI 9-day stood at 40.97% on 21 September.
With respect to its five-day moving average, the current Abercrombie & Fitch Co. price is down by -3.78% percent or -$1.94. At present, ANF shares trade -3.03% below its 20-day simple moving average and +109.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +39.72% above its SMA50 and +102.88% above its SMA200.
Stochastic coefficient K was 3.83% and Stochastic coefficient D was 13.52%, while ATR was 1.57. Given the Stochastic reading of 1.27% for the 14-day period, the RSI (14) reading has been calculated as 50.55%. As of today, the MACD Oscillator reading stands at -1.17, while the 14-day reading stands at -2.33.
Analyst Ratings
Morgan Stanley upgraded its rating on Abercrombie & Fitch Co. (NYSE: ANF) to an Equal-weight in a note to investors on August 25, 2023. The analysts firm previously had an Underweight rating on the stock.Abercrombie & Fitch Co. (ANF) has been rated Overweight by analysts. According to 0 brokerage firms, ANF is a sell, and 5 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 $60.00, the current consensus forecast for the stock is $51.00 – $65.00. Based on these forecasts, analysts predict Abercrombie & Fitch Co. (ANF) will achieve an average price target of $58.50.
