Abercrombie & Fitch Co. (NYSE:ANF) shares, rose in value, with the stock price down by -1.76% to the previous day’s close as strong demand from buyers drove the stock to $120.79.
Actively observing the price movement in the last trading, the stock closed the session at $122.96. The value of beta (5-year monthly) was 1.58 whereas the PE ratio was 19.42 over 12-month period. Referring to stock’s 52-week performance, its high was $140.28, and the low was $21.74. On the whole, ANF has fluctuated by -10.52% over the past month.
With the market capitalization of Abercrombie & Fitch Co. currently standing at about $6.16 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 22, 2024 – May 27, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.53, which is expected to increase to $1.74 for fiscal year $7.67 and then to about $8.1 by fiscal year 2026. Data indicates that the EPS growth is expected to be 22.10% in 2026, while the next year’s EPS growth is forecast to be 5.60%.
Analysts have estimated the company’s revenue for the quarter at $937.19 million, with a low estimate of $920 million and a high estimate of $959.2 million. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $4.53 billion, representing an increase of 5.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ANF’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.08, with the price of ANF currently trading nearly -4.77% and 0.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.96, while the 7-day volatility ratio is showing 5.46% which for the 30-day chart, stands at 5.22%. Furthermore, Abercrombie & Fitch Co. (ANF)’s beta value is 1.59, and its average true range (ATR) is 6.03.
A comparison of Abercrombie & Fitch Co. (ANF) with its peers suggests the former has fared considerably weaker in the market. ANF showed an intraday change of -1.76% in last session, and over the past year, it grew by 338.44%%.
Data on historical trading for Abercrombie & Fitch Co. (NYSE:ANF) indicates that the trading volumes over the past 10 days have averaged 1.57 million and over the past 3 months, they’ve averaged 1.71 million. According to company’s latest data on outstanding shares, there are 50.50 million shares outstanding.
Nearly 2.44% of Abercrombie & Fitch Co.’s shares belong to company insiders and institutional investors own 107.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.0 million shares as on Mar 15, 2024, resulting in a short ratio of 2.26. According to the data, the short interest in Abercrombie & Fitch Co. (ANF) stood at 9.90% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.84 million. The stock has risen by 36.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ANF stock heading into the next quarter.
