Abercrombie & Fitch Co. (NYSE:ANF) does about 2.68M shares in volume on a normal day but saw 4724276 shares change hands in Monday trading. The company now has a market cap of 793.09M USD and an enterprise value of about $2.00B. Its current market price is $13.01, marking an increase of 5.69% compared to the previous close of $12.31. The 52 week high reached by this stock is $18.83 whilst the lowest price level in 52 weeks is $7.41. The script in recent trading has seen the stock touch a high of $13.14 and a low of $12.3201.
Abercrombie & Fitch Co. (ANF) has a 20-day trading average at $10.72 and the current price is -30.91% off the 52-week high compared with 75.46% distance from its 52-week low. The 50-day simple moving average of the closing price is $10.38 and its 200-day simple moving average is $12.86. If we look at the stock’s price movements over the week, volatility stands at 6.85%, which decreases to 5.36% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.97 to suggest the stock is overbought.
The consensus objective for the share price is $12.67, suggesting that the stock has a potential downside of -2.68% over the period.
FactSet Research has provided data showing that 14 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 4 analysts have rated it as a buy and 8 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 12, 2020 when UBS initiated the stock to “Neutral” and issued a price target of $10. B. Riley FBR upgraded the stock to “Buy” from Neutral on April 03, 2020 at a price target of $11. Wedbush upgraded its price target at $16.
The current price level is 23.48%, 25.97%, and 0.99% away from its SMA20, SMA50, and SMA200 respectively, with the ANF price moving below the 50-day SMA on August 31. Abercrombie & Fitch Co. (ANF) stock is up 22.97% over the week and 35.10% over the past month. Its price is -24.75% year-to-date and -11.01% over the past year.
The stock last released its quarterly earnings report for quarter ended 7/30/2020, with the company’s earnings per share (EPS) of $0.23 above consensus estimates by $1.06. The company’s next earnings report is expected on 11/13/2020, with forecasts estimating quarterly EPS at -$0.07 and -$2.01 for whole year. ANF’s earnings per share are forecast to shrink by -375.30% this year and 139.30% over next year. Expected sales for next quarter are $1.09 billion, which analysts say will come at $3 billion for the current fiscal year and next year at $3.41 billion. In addition, estimates put the company’s current quarterly revenue at an average of $726.16 million.
To reach the target analysts have set, the stock logically needs to shrink -2.68 percent from here.
Outstanding shares total 62.54M with insiders holding 2.14% of the shares and institutional holders owning 108.41% of the company’s common stock. The company has a return on investment of 4.10% and return on equity of 4.10%. The forward price to earnings ratio is 18.45. The beta has a value of 1.47. Price to book ratio is 1.03 and price to sales ratio is 0.25.
According to a U.S. Securities and Exchange Commission filing, Contrarius ICAV – Global Equity F has added its position in Abercrombie & Fitch Co. (ANF) to 4,790,630 shares, mirroring a recent increase by 18.26%. Contrarius ICAV – Global Equity F added 0.74 million shares of Abercrombie & Fitch Co. common stock bringing its total worth to about $46.13 million at the end of recent close, SEC documents show. Contrarius ICAV – Global Equity F isn’t the only investment manager who changed stakes and is followed by iShares Core S&P Small Cap ETF, which added 38515.0 shares to end up with 3,844,775 shares worth $37.03 million. Kempen Intl Funds – Global Small raise their holdings by 42.93% in the company over the course of the most recent quarter. It now holds a 3.08% position in Abercrombie & Fitch Co. thanks to 1.92 million shares amounting to $18.48 million.