While Abercrombie & Fitch Co. has underperformed by -5.32%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ANF rose by 162.62%, with highs and lows ranging from $196.99 to $49.24, whereas the simple moving average jumped by 2.66% in the last 200 days.
On August 30, 2024, Citigroup Upgraded Abercrombie & Fitch Co. (NYSE: ANF) to Buy. A report published by Telsey Advisory Group on August 29, 2024, Reiterated its previous ‘Outperform’ rating for ANF. JP Morgan also Upgraded ANF shares as ‘Overweight’, setting a target price of $194 on the company’s shares in a report dated July 22, 2024. Telsey Advisory Group resumed its ‘Outperform’ rating for ANF, as published in its report on May 30, 2024. Telsey Advisory Group’s report from March 07, 2024 suggests a price prediction of $152 for ANF shares, giving the stock a ‘Outperform’ rating. Telsey Advisory Group also rated the stock as ‘Outperform’.
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Analysis of Abercrombie & Fitch Co. (ANF)
Further, the quarter-over-quarter increase in sales is 21.24%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Abercrombie & Fitch Co.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 50.81% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.93, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and ANF is recording an average volume of 1.85M. On a monthly basis, the volatility of the stock is set at 5.05%, whereas on a weekly basis, it is put at 5.80%, with a gain of 1.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $184.33, showing growth from the present price of $134.62, which can serve as yet another indication of whether ANF is worth investing in or should be passed over.
How Do You Analyze Abercrombie & Fitch Co. Shares?
A leading company in the Apparel Retail sector, Abercrombie & Fitch Co. (ANF) is based in the USA. When comparing Abercrombie & Fitch Co. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 14.27, there is a growth in quarterly earnings of 126.46%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.87%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 104.02% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ANF shares are owned by institutional investors to the tune of 104.02% at present.
