Abercrombie & Fitch Co. (NYSE: ANF) stock fell -1.74% on Monday to $72.29 against a previous-day closing price of $73.57. With 3.03 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.83 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $74.75 whereas the lowest price it dropped to was $72.14. The 52-week range on ANF shows that it touched its highest point at $74.47 and its lowest point at $18.31 during that stretch. It currently has a 1-year price target of $69.00. Beta for the stock currently stands at 1.46.
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 8.89%, but this was up by 18.70% over a month. Three-month performance surged to 75.59% while six-month performance rose 217.62%. The stock gained 288.86% in the past year, while it has gained 215.54% so far this year. A look at the trailing 12-month EPS for ANF yields 2.13 with Next year EPS estimates of 4.78. For the next quarter, that number is 1.18. This implies an EPS growth rate of 1751.38% for this year and 3.32% 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 -11.66%.
Float and Shares Shorts:
At present, 49.00 million ANF shares are outstanding with a float of 48.86 million shares on hand for trading. On Oct 30, 2023, short shares totaled 7.42 million, which was 14.73% higher than short shares on Sep 28, 2023. In addition to Ms. Fran Horowitz as the firm’s CEO & Director, Mr. Scott D. Lipesky serves as its Executive VP, COO & CFO.
Through their ownership of 102.59% of ANF’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 7.31% of ANF, in contrast to 62.35% held by mutual funds. Shares owned by individuals account for 50.97%. As the largest shareholder in ANF with 14.34% of the stake, BlackRock Fund Advisors holds 7,222,493 shares worth 7,222,493. A second-largest stockholder of ANF, The Vanguard Group, Inc., holds 6,073,401 shares, controlling over 12.06% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in ANF, holding 4,761,914 shares or 9.46% stake. With a 6.69% stake in ANF, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,368,252 shares are owned by the mutual fund manager. The Fidelity Blue Chip Growth Fund, which owns about 5.13% of ANF stock, is the second-largest Mutual Fund holder. It holds 2,584,900 shares valued at 157.21 million. Vanguard Total Stock Market ETF holds 2.95% of the stake in ANF, owning 1,484,799 shares worth 90.31 million.
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 $80.00 and a low target of $53.00, the average target price over the next 12 months is $69.00. Based on these targets, ANF could surge 10.67% to reach the target high and fall by -26.68% to reach the target low. Reaching the average price target will result in a decline of -4.55% from current levels.
Summary of Insider Activity:
Insiders traded ANF stock several times over the past three months with 4 Buys and 14 Sells. In these transactions, 362,852 shares were bought while 422,286 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 48 over the past year. The total number of shares bought during that period was 1,618,306 while 1,390,840 shares were sold.