Its Stock Has Paid Off Big Time For Abercrombie & Fitch Co.

Abercrombie & Fitch Co. (NYSE: ANF) stock fell -2.88% on Monday to $50.89 against a previous-day closing price of $52.40. With 1.46 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.9 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $52.52 whereas the lowest price it dropped to was $50.80. The 52-week range on ANF shows that it touched its highest point at $55.52 and its lowest point at $14.43 during that stretch. It currently has a 1-year price target of $58.50. Beta for the stock currently stands at 1.48.

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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 down-trending over the past week, with a drop of -4.70%, but this was up by 23.79% over a month. Three-month performance surged to 41.05% while six-month performance rose 96.03%. The stock gained 238.14% in the past year, while it has gained 122.13% so far this year. A look at the trailing 12-month EPS for ANF yields 2.05 with Next year EPS estimates of 4.36. For the next quarter, that number is 1.07. This implies an EPS growth rate of -98.70% for this year and -0.46% 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 -32.70%.

Float and Shares Shorts:

At present, 50.32 million ANF shares are outstanding with a float of 48.95 million shares on hand for trading. On Aug 30, 2023, short shares totaled 6.39 million, which was 12.69% higher than short shares on Jul 30, 2023. In addition to Ms. Fran Horowitz as the firm’s CEO & Director, Mr. Scott D. Lipesky serves as its Exec. VP, COO & CFO.

Institutional Ownership:

Through their ownership of 102.59% of ANF’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 7.30% of ANF, in contrast to 55.10% held by mutual funds. Shares owned by individuals account for 52.50%. As the largest shareholder in ANF with 15.06% of the stake, BlackRock Fund Advisors holds 7,538,706 shares worth 7,538,706. A second-largest stockholder of ANF, The Vanguard Group, Inc., holds 5,932,692 shares, controlling over 11.85% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in ANF, holding 3,386,731 shares or 6.77% stake. With a 7.05% stake in ANF, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,528,164 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.08% of ANF stock, is the second-largest Mutual Fund holder. It holds 1,542,819 shares valued at 82.93 million. Vanguard Small Cap Index Fund holds 2.47% of the stake in ANF, owning 1,237,994 shares worth 66.54 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ANF since 0 analysts follow the stock currently. 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 $65.00 and a low target of $51.00, the average target price over the next 12 months is $58.50. Based on these targets, ANF could surge 27.73% to reach the target high and rise by 0.22% to reach the target low. Reaching the average price target will result in a growth of 14.95% 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.

Summary of Insider Activity:

Insiders traded ANF stock several times over the past three months with 0 Buys and 12 Sells. In these transactions, 0 shares were bought while 325,000 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 33 over the past year. The total number of shares bought during that period was 1,240,700 while 962,551 shares were sold.

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