Abercrombie & Fitch (ANF) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Abercrombie & Fitch in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ANF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ANF, but not buy additional shares or sell existing shares.
View ANF analyst ratings or view top-rated stocks.

6 analysts have issued twelve-month price objectives for Abercrombie & Fitch's stock. Their ANF share price forecasts range from $30.00 to $62.00. On average, they expect the company's stock price to reach $49.14 in the next year. This suggests that the stock has a possible downside of 12.8%.
View analysts price targets for ANF or view top-rated stocks among Wall Street analysts.

Abercrombie & Fitch's stock was trading at $22.91 on January 1st, 2023. Since then, ANF shares have increased by 146.0% and is now trading at $56.37.
View the best growth stocks for 2023 here.

Abercrombie & Fitch saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,410,000 shares, an increase of 16.0% from the August 31st total of 6,390,000 shares. Based on an average daily volume of 1,870,000 shares, the days-to-cover ratio is presently 4.0 days. Currently, 15.2% of the shares of the stock are sold short.
View Abercrombie & Fitch's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
View our ANF earnings forecast.

Abercrombie & Fitch Co. (NYSE:ANF) announced its quarterly earnings results on Wednesday, August, 23rd. The apparel retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.93. The apparel retailer had revenue of $935.40 million for the quarter, compared to analysts' expectations of $844.07 million. Abercrombie & Fitch had a trailing twelve-month return on equity of 16.69% and a net margin of 2.85%. The business's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.30) EPS.

ETFs with the largest weight of Abercrombie & Fitch (NYSE:ANF) stock in their portfolio include Conductor Global Equity Value ETF (CGV), SPDR S&P Retail ETF (XRT), AdvisorShares Let Bob AI Powered Momentum ETF (LETB), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Direxion Daily Retail Bull 3X Shares (RETL) and EA Bridgeway Omni Small-Cap Value ETF (BSVO).Schwab Fundamental U.S. Small Company Index ETF (FNDA).

Abercrombie & Fitch (NYSE:ANF) pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 37.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ANF will have a dividend payout ratio of 18.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ANF.

Abercrombie & Fitch declared that its Board of Directors has authorized a share repurchase program on Tuesday, November 23rd 2021, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 22.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Abercrombie & Fitch updated its FY 2023 earnings guidance on Wednesday, August, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.07 billion-$4.07 billion, compared to the consensus revenue estimate of $3.84 billion.

485 employees have rated Abercrombie & Fitch Chief Executive Officer Fran Horowitz on Glassdoor.com. Fran Horowitz has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Abercrombie & Fitch investors own include Bank of America (BAC), Intelsat (I), American Eagle Outfitters (AEO), Fossil Group (FOSL), Coty (COTY), Intel (INTC), AMC Entertainment (AMC), Advanced Micro Devices (AMD), Ciena (CIEN) and Ford Motor (F).

Abercrombie & Fitch trades on the New York Stock Exchange (NYSE) under the ticker symbol "ANF."

Shares of ANF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ANF stock can currently be purchased for approximately $56.37.

Abercrombie & Fitch (NYSE:ANF) has a market capitalization of $2.84 billion and generates $3.85 billion in revenue each year. The apparel retailer earns $2.82 million in net income (profit) each year or $2.13 on an earnings per share basis.

The company employs 29,600 workers across the globe.

Abercrombie & Fitch's mailing address is 6301 FITCH PATH, NEW ALBANY OH, 43054. The official website for the company is www.abercrombie.com. The apparel retailer can be reached via phone at (614) 283-6500, via email at investor_relations@anfcorp.com, or via fax at 302-655-5049.