Get in on Abercrombie & Fitch Co.’s (ANF) buy-in window today!

Abercrombie & Fitch Co. (NYSE: ANF) stock fell -2.67% on Tuesday to $28.09 against a previous-day closing price of $28.86. With 1.02 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.75 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $29.04 whereas the lowest price it dropped to was $28.08. The 52-week range on ANF shows that it touched its highest point at $42.09 and its lowest point at $14.02 during that stretch. It currently has a 1-year price target of $27.50. Beta for the stock currently stands at 1.41.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ANF was up-trending over the past week, with a rise of 3.61%, but this was up by 28.15% over a month. Three-month performance surged to 65.82% while six-month performance rose 53.41%. The stock lost -13.20% in the past year, while it has gained 22.61% so far this year. A look at the trailing 12-month EPS for ANF yields 0.41 with Next year EPS estimates of 1.75. For the next quarter, that number is 0.82. This implies an EPS growth rate of 330.40% for this year and 582.10% for next year. EPS is expected to grow by 18.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 135.50%.

Float and Shares Shorts:

At present, 49.49 million ANF shares are outstanding with a float of 48.14 million shares on hand for trading. On Oct 13, 2022, short shares totaled 5.14 million, which was 10.39% higher than short shares on Sep 14, 2022. In addition to Ms. Fran Horowitz as the firm’s CEO & Director, Mr. Scott D. Lipesky serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 111.21% of ANF’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 6.92% of ANF, in contrast to 54.99% held by mutual funds. Shares owned by individuals account for 52.18%. As the largest shareholder in ANF with 15.24% of the stake, BlackRock Fund Advisors holds 7,468,563 shares worth 7,468,563. A second-largest stockholder of ANF, The Vanguard Group, Inc., holds 5,423,268 shares, controlling over 11.07% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in ANF, holding 3,644,735 shares or 7.44% stake. With a 7.47% stake in ANF, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,658,441 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.88% of ANF stock, is the second-largest Mutual Fund holder. It holds 1,411,415 shares valued at 32.34 million. Vanguard Small Cap Index Fund holds 2.47% of the stake in ANF, owning 1,210,540 shares worth 27.73 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ANF since 9 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ANF analysts setting a high price target of $33.00 and a low target of $16.00, the average target price over the next 12 months is $28.17. Based on these targets, ANF could surge 17.48% to reach the target high and fall by -43.04% to reach the target low. Reaching the average price target will result in a growth of 0.28% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ANF will report FY 2023 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of $0.40 being high and $0.21 being low. For ANF, this leads to a yearly average estimate of $0.28. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Abercrombie & Fitch Co. surprised analysts by $0.15 when it reported $0.01 EPS against a consensus estimate of -$0.14. The surprise factor in the prior quarter was -$0.52. Based on analyst estimates, the high estimate for the next quarter is $0.92 and the low estimate is $0.78. The average estimate for the next quarter is thus $0.85.

Summary of Insider Activity:

Insiders traded ANF stock several times over the past three months with 1 Buys and 2 Sells. In these transactions, 2,335 shares were bought while 43,711 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 640,457 while 315,644 shares were sold.

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