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Why Abercrombie & Fitch Co. (ANF) Stock Could See Much Higher Prices Ahead

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Abercrombie & Fitch Co. (NYSE: ANF) is 30.17% 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 $110.36 in the last trading session, with the day’s gains setting it 4.48%.

Currently trading at $114.84, the stock is -4.40% and -6.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 4.06% at the moment leaves the stock 44.08% off its SMA200. ANF registered 371.62% gain for a year compared to 6-month gain of 89.32%.

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The stock witnessed a -16.43% loss in the last 1 month and extending the period to 3 months gives it a 9.72%, and is 1.77% up 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 4.98% over the week and 4.87% over the month.

Abercrombie & Fitch Co. (ANF) has around 31700 employees, a market worth around $5.86B and $4.28B in sales. Current P/E ratio is 18.46 and Fwd P/E is 14.23. Profit margin for the company is 7.67%. Distance from 52-week low is 428.36% and -18.14% from its 52-week high. The company has generated returns on investments over the last 12 months (17.23%).

The EPS is expected to grow by 23.01% this year.

Abercrombie & Fitch Co. (ANF) Top Institutional Holders

The shares outstanding are 50.50M, and float is at 49.61M with Short Float at 8.85%.

Abercrombie & Fitch Co. (ANF) Insider Activity

The most recent transaction is an insider sale by Horowitz Fran,the company’sChief Executive Officer. SEC filings show that Horowitz Fran sold 400,000 shares of the company’s common stock on Apr 18 ’24 at a price of $110.61 per share for a total of $44.24 million. Following the sale, the insider now owns 0.53 million shares.

Abercrombie & Fitch Co. disclosed in a document filed with the SEC on Mar 08 ’24 that Scott Kristin A. (President-Global Brands) sold a total of 120,000 shares of the company’s common stock. The trade occurred on Mar 08 ’24 and was made at $126.15 per share for $15.14 million. Following the transaction, the insider now directly holds 38208.0 shares of the ANF stock.

Still, SEC filings show that on Mar 08 ’24, Lipesky Scott D. (EVP, COO and CFO) disposed off 35,000 shares at an average price of $127.95 for $4.48 million. The insider now directly holds 88,558 shares of Abercrombie & Fitch Co. (ANF).

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