Abercrombie & Fitch Co (NYSE: ANF): Do Not Miss The Gain Train

Abercrombie & Fitch Co (ANF) concluded trading on Thursday at a closing price of $149.95, with 2.64 million shares of worth about $396.5 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.67% during that period and on December 05, 2024 the price saw a loss of about -7.16%. Currently the company’s common shares owned by public are about 51.08M shares, out of which, 50.11M shares are available for trading.

Stock saw a price change of 0.94% in past 5 days and over the past one month there was a price change of 9.17%. Year-to-date (YTD), ANF shares are showing a performance of 69.97% which increased to 92.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $75.69 but also hit the highest price of $196.99 during that period. The average intraday trading volume for Abercrombie & Fitch Co shares is 1.68 million. The stock is currently trading 2.14% above its 20-day simple moving average (SMA20), while that difference is up 3.36% for SMA50 and it goes to 3.36% higher than SMA200.

Abercrombie & Fitch Co (NYSE: ANF) currently have 51.08M outstanding shares and institutions hold larger chunk of about 101.22% of that.

The stock has a current market capitalization of $7.66B and its 3Y-monthly beta is at 1.53. PE ratio of stock for trailing 12 months is 14.84, while it has posted earnings per share of $10.10 in the same period. Its PEG reads 0.82 and has Quick Ratio of 0.81 while making debt-to-equity ratio of 0.76. 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 6.17% while standing at 5.26% over the month.

Stock’s fiscal year EPS is expected to rise by 68.66% while it is estimated to increase by 5.82% 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 Citigroup on August 30, 2024 offering a Buy rating for the stock and assigned a target price of $190 to it. Coverage by Telsey Advisory Group stated Abercrombie & Fitch Co (ANF) stock as an Outperform in their note to investors on August 29, 2024, suggesting a price target of $190 for the stock. Stock get an Outperform rating from Telsey Advisory Group on May 30, 2024.

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