Abercrombie & Fitch Co. (NYSE: ANF): Reassessing Prospects

Abercrombie & Fitch Co. (ANF) concluded trading on Wednesday at a closing price of $138.31, with 8.77 million shares of worth about $1.21 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.77% during that period and on August 28, 2024 the price saw a loss of about -16.99%. Currently the company’s common shares owned by public are about 50.50M shares, out of which, 50.11M shares are available for trading.

Stock saw a price change of -19.06% in past 5 days and over the past one month there was a price change of -5.27%. Year-to-date (YTD), ANF shares are showing a performance of 56.78% which increased to 179.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $49.11 but also hit the highest price of $196.99 during that period. The average intraday trading volume for Abercrombie & Fitch Co. shares is 1.85 million. The stock is currently trading -9.98% below its 20-day simple moving average (SMA20), while that difference is down -15.07% for SMA50 and it goes to 8.81% higher than SMA200.

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Abercrombie & Fitch Co. (NYSE: ANF) currently have 50.50M outstanding shares and institutions hold larger chunk of about 104.09% of that.

The stock has a current market capitalization of $7.07B and its 3Y-monthly beta is at 1.51. PE ratio of stock for trailing 12 months is 17.21, while it has posted earnings per share of $8.04 in the same period. Its PEG reads 0.96 and has Quick Ratio of 1.15 while making debt-to-equity ratio of 0.98. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ANF, volatility over the week remained 5.33% while standing at 5.21% over the month.

Stock’s fiscal year EPS is expected to rise by 59.63% while it is estimated to increase by 2.64% in next year. EPS is likely to shrink at an annualized rate of 18.00% for next 5-years, compared to annual growth of 41.99% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on July 22, 2024 offering an Overweight rating for the stock and assigned a target price range of between $167 and $194 to it. On May 30, 2024, Telsey Advisory Group Reiterated their recommendations, while on March 07, 2024, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $152. Stock get an Outperform rating from Telsey Advisory Group on February 28, 2024.

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