The stock of Abercrombie & Fitch Co. (NYSE: ANF) has decreased by -1.79 when compared to last closing price of 142.94.Despite this, the company has seen a loss of -15.74% in its stock price over the last five trading days. zacks.com reported 2024-09-04 that Here is how Abercrombie & Fitch (ANF) and ACV Auctions Inc. (ACVA) have performed compared to their sector so far this year.
Is It Worth Investing in Abercrombie & Fitch Co. (NYSE: ANF) Right Now?
The price-to-earnings ratio for Abercrombie & Fitch Co. (NYSE: ANF) is 14.88x, which is above its average ratio. Moreover, the 36-month beta value for ANF is 1.51. Analysts have varying 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 50.11M and currently, short sellers hold a 7.39% of that float. On September 04, 2024, ANF’s average trading volume was 1.80M shares.
ANF’s Market Performance
ANF’s stock has seen a -15.74% decrease for the week, with a 4.38% rise in the past month and a -17.25% fall in the past quarter. The volatility ratio for the week is 6.60%, and the volatility levels for the past 30 days are at 5.32% for Abercrombie & Fitch Co. The simple moving average for the past 20 days is -9.07% for ANF’s stock, with a 9.14% simple moving average for the past 200 days.
Analysts’ Opinion of ANF
Many brokerage firms have already submitted their reports for ANF stocks, with Citigroup repeating the rating for ANF by listing it as a “Buy.” The predicted price for ANF in the upcoming period, according to Citigroup is $190 based on the research report published on August 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 $190, previously predicting the price at $208. The rating they have provided for ANF stocks is “Outperform” according to the report published on August 29th, 2024.
JP Morgan gave a rating of “Overweight” to ANF, setting the target price at $194 in the report published on July 22nd of the current year.
ANF Trading at -12.18% 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 -28.74% of loss for the given period.
Volatility was left at 5.32%, however, over the last 30 days, the volatility rate increased by 6.60%, as shares surge +1.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.46% lower at present.
During the last 5 trading sessions, ANF fell by -15.83%, which changed the moving average for the period of 200-days by +100.92% in comparison to the 20-day moving average, which settled at $154.48. In addition, Abercrombie & Fitch Co. saw 59.12% 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 Lipesky Scott D., who proposed sale 9,000 shares at the price of $146.80 back on Aug 30 ’24. After this action, Lipesky Scott D. now owns shares of Abercrombie & Fitch Co., valued at $1,321,200 using the latest closing price.
Robinson Kenneth B., the Director of Abercrombie & Fitch Co., sale 1,300 shares at $171.61 during a trade that took place back on Jun 06 ’24, which means that Robinson Kenneth B. is holding 5,880 shares at $223,093 based on the most recent closing price.
Stock Fundamentals for ANF
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.64 for the gross margin
The net margin for Abercrombie & Fitch Co. stands at 0.11. The total capital return value is set at 0.33. Equity return is now at value 50.81, with 17.16 for asset returns.
Based on Abercrombie & Fitch Co. (ANF), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.78. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 25.4.
Currently, EBITDA for the company is 655.75 million with net debt to EBITDA at 0.18. When we switch over and look at the enterprise to sales, we see a ratio of 1.56. The receivables turnover for the company is 40.53for trailing twelve months and the total asset turnover is 1.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.
Conclusion
To wrap up, the performance of Abercrombie & Fitch Co. (ANF) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
