Abercrombie & Fitch Co. (NYSE: ANF) is 37.57% higher on its value in year-to-date trading and has touched a low of $21.74 and a high of $140.28 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ANF stock was last observed hovering at around $121.97 in the last trading session, with the day’s loss setting it -0.61%.
Currently trading at $121.36, the stock is -5.58% and 3.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -0.50% at the moment leaves the stock 66.99% off its SMA200. ANF registered 381.59% gain for a year compared to 6-month gain of 129.67%. The firm has a 50-day simple moving average (SMA 50) of $1.47 and a 200-day simple moving average (SMA200) of $12.95.
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The stock witnessed a -3.51% loss in the last 1 month and extending the period to 3 months gives it a 32.55%, and is -10.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.67% over the week and 4.84% over the month.
Abercrombie & Fitch Co. (ANF) has around 29600 employees, a market worth around $6.12B and $4.28B in sales. Current P/E ratio is 19.50 and Fwd P/E is 14.98. Profit margin for the company is 7.67%. Distance from 52-week low is 458.36% and -13.49% from its 52-week high. The company has generated returns on investments over the last 12 months (17.23%).
Abercrombie & Fitch Co. quarterly earnings per share for the current quarter are estimated at $1.53 with sales reaching $937.19M over the same period.The EPS is expected to grow by 22.12% this year, but quarterly earnings will post 5.90% year-over-year.
447 institutions hold shares in Abercrombie & Fitch Co. (ANF), with institutional investors hold 113.72% of the company’s shares. The shares outstanding are 50.41M, and float is at 49.26M with Short Float at 10.15%. Institutions hold 111.14% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 8.32 million shares valued at $313.46 million. The investor’s holdings represent 16.52% of the ANF Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 6.04 million shares valued at $227.76 million to account for 12.00% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 3.39 million shares representing 6.73% and valued at over $127.61 million, while State Street Corporation holds 4.19% of the shares totaling 2.11 million with a market value of $79.44 million.
Abercrombie & Fitch Co. (ANF) Insider Activity
The most recent transaction is an insider sale by Scott Kristin A., the company’s President-Global Brands. SEC filings show that Scott Kristin A. sold 120,000 shares of the company’s common stock on Mar 08 ’24 at a price of $126.15 per share for a total of $15.14 million. Following the sale, the insider now owns 38208.0 shares.
Abercrombie & Fitch Co. disclosed in a document filed with the SEC on Mar 08 ’24 that Lipesky Scott D. (EVP, COO and CFO) sold a total of 35,000 shares of the company’s common stock. The trade occurred on Mar 08 ’24 and was made at $127.95 per share for $4.48 million. Following the transaction, the insider now directly holds 88558.0 shares of the ANF stock.
Still, SEC filings show that on Mar 08 ’24, HENCHEL GREGORY J (SVP, Gen Cnsl & Secy) disposed off 35,000 shares at an average price of $121.02 for $4.24 million. The insider now directly holds 26,338 shares of Abercrombie & Fitch Co. (ANF).
