Abercrombie & Fitch Co. (NYSE: ANF)’s stock price has soared by 4.10 in relation to previous closing price of 155.52. Nevertheless, the company has seen a gain of 13.71% in its stock price over the last five trading days. investors.com reported 2024-10-14 that Netflix stock is near a buy zone as analysts see profits rising. Other stocks with rising profit estimates include GE Aerospace, Abercrombie & Fitch and Meta.
Is It Worth Investing in Abercrombie & Fitch Co. (NYSE: ANF) Right Now?
Abercrombie & Fitch Co. (NYSE: ANF) has a higher price-to-earnings ratio of 17.16x compared to its average ratio, The 36-month beta value for ANF is at 1.50. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 9 as “hold,” and 4 as “sell.”
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The public float for ANF is 50.12M, and currently, shorts hold a 8.61% of that float. The average trading volume for ANF on October 15, 2024 was 1.92M shares.
ANF’s Market Performance
The stock of Abercrombie & Fitch Co. (ANF) has seen a 13.71% increase in the past week, with a 20.26% rise in the past month, and a 3.92% gain in the past quarter. The volatility ratio for the week is 4.16%, and the volatility levels for the past 30 days are at 4.41% for ANF. The simple moving average for the past 20 days is 13.93% for ANF’s stock, with a 17.75% 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 11.17% 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 -17.82% of loss for the given period.
Volatility was left at 4.41%, however, over the last 30 days, the volatility rate increased by 4.16%, as shares surge +18.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.99% upper at present.
During the last 5 trading sessions, ANF rose by +11.46%, which changed the moving average for the period of 200-days by +76.29% in comparison to the 20-day moving average, which settled at $141.94. In addition, Abercrombie & Fitch Co. saw 83.51% 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 Desai Samir, who sale 19,041 shares at the price of $131.36 back on Sep 06 ’24. After this action, Desai Samir now owns 27,985 shares of Abercrombie & Fitch Co., valued at $2,501,264 using the latest closing price.
TRAVIS NIGEL, the Director of Abercrombie & Fitch Co., sale 4,292 shares at $132.52 during a trade that took place back on Sep 06 ’24, which means that TRAVIS NIGEL is holding 19,800 shares at $568,789 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 1.82. 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
In conclusion, Abercrombie & Fitch Co. (ANF) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
