Abercrombie & Fitch Co. (NYSE: ANF)’s stock price has plunge by -3.88relation to previous closing price of 185.28. Nevertheless, the company has seen a -7.40% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-20 that The S&P 500 repeatedly hit record highs in the first half of 2024, but concerns over prolonged inflation and high interest rates weighed on market enthusiasm. The Quant Team’s portfolio of Top 10 Stocks for 2024 is +55% YTD compared to the S&P 500’s +25.05% (as of 6/18/24). Nine out of ten of the quant picks for the first half experienced double-digit positive returns, so we’re bullish into the year’s second half with new stock picks.
Is It Worth Investing in Abercrombie & Fitch Co. (NYSE: ANF) Right Now?
The price-to-earnings ratio for Abercrombie & Fitch Co. (NYSE: ANF) is above average at 22.16x, Company’s 36-month beta value is 1.56.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 4 as “sell.”
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The public float for ANF is 50.12M, and currently, short sellers hold a 10.04% ratio of that floaft. The average trading volume of ANF on June 20, 2024 was 1.54M shares.
ANF’s Market Performance
ANF stock saw an increase of -7.40% in the past week, with a monthly gain of 22.96% and a quarterly increase of 31.89%. The volatility ratio for the week is 4.20%, and the volatility levels for the last 30 days are 5.17% for Abercrombie & Fitch Co. (ANF). The simple moving average for the past 20 days is 3.07% for ANF’s stock, with a 74.51% simple moving average for the past 200 days.
Analysts’ Opinion of ANF
Many brokerage firms have already submitted their reports for ANF stocks, with Telsey Advisory Group repeating the rating for ANF by listing it as a “Outperform.” The predicted price for ANF in the upcoming period, according to Telsey Advisory Group is $208 based on the research report published on May 30, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see ANF reach a price target of $152, previously predicting the price at $140. The rating they have provided for ANF stocks is “Outperform” according to the report published on March 07th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to ANF, setting the target price at $140 in the report published on February 28th of the current year.
ANF Trading at 24.38% from the 50-Day Moving Average
After a stumble in the market that brought ANF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.59% of loss for the given period.
Volatility was left at 5.17%, however, over the last 30 days, the volatility rate increased by 4.20%, as shares surge +23.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.00% upper at present.
During the last 5 trading sessions, ANF fell by -7.03%, which changed the moving average for the period of 200-days by +228.11% in comparison to the 20-day moving average, which settled at $174.51. In addition, Abercrombie & Fitch Co. saw 101.88% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ANF starting from Robinson Kenneth B., who sale 1,300 shares at the price of $171.61 back on Jun 06 ’24. After this action, Robinson Kenneth B. now owns 5,880 shares of Abercrombie & Fitch Co., valued at $223,093 using the latest closing price.
TRAVIS NIGEL, the Director of Abercrombie & Fitch Co., sale 7,700 shares at $173.66 during a trade that took place back on Jun 04 ’24, which means that TRAVIS NIGEL is holding 19,855 shares at $1,337,182 based on the most recent closing price.
Stock Fundamentals for ANF
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.62 for the gross margin
The net margin for Abercrombie & Fitch Co. stands at 0.1. The total capital return value is set at 0.28. Equity return is now at value 47.78, with 15.39 for asset returns.
Based on Abercrombie & Fitch Co. (ANF), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 1.86. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 40.41.
Currently, EBITDA for the company is 621.75 million with net debt to EBITDA at 0.3. When we switch over and look at the enterprise to sales, we see a ratio of 2.09. The receivables turnover for the company is 47.7for trailing twelve months and the total asset turnover is 1.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.
Conclusion
In a nutshell, Abercrombie & Fitch Co. (ANF) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
