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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Abercrombie & Fitch in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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6 Wall Street analysts have issued 12 month price targets for Abercrombie & Fitch's stock. Their ANF share price forecasts range from $17.00 to $33.00. On average, they predict the company's stock price to reach $28.75 in the next year. This suggests that the stock has a possible downside of 16.0%.
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Abercrombie & Fitch's stock was trading at $22.91 on January 1st, 2023. Since then, ANF stock has increased by 49.5% and is now trading at $34.24.
View the best growth stocks for 2023 here.

Abercrombie & Fitch saw a increase in short interest in April. As of April 30th, there was short interest totaling 6,240,000 shares, an increase of 16.0% from the April 15th total of 5,380,000 shares. Based on an average daily volume of 1,490,000 shares, the days-to-cover ratio is currently 4.2 days. Currently, 13.2% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our ANF earnings forecast.

Abercrombie & Fitch Co. (NYSE:ANF) posted its quarterly earnings data on Wednesday, May, 24th. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.41. The apparel retailer earned $836 million during the quarter, compared to the consensus estimate of $814.93 million. Abercrombie & Fitch had a net margin of 0.96% and a trailing twelve-month return on equity of 6.82%. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.27) EPS.

ETFs with the largest weight of Abercrombie & Fitch (NYSE:ANF) stock in their portfolio include SPDR S&P Retail ETF (XRT), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Conductor Global Equity Value ETF (CGV), Direxion Daily Retail Bull 3X Shares (RETL), Cambria Shareholder Yield ETF (SYLD), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Hypatia Women CEO ETF (WCEO).

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

Abercrombie & Fitch issued an update on its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $837.20 million-$853.30 million, compared to the consensus revenue estimate of $813.27 million.

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."

Abercrombie & Fitch's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.58%), Dimensional Fund Advisors LP (6.54%), State Street Corp (4.24%), Arrowstreet Capital Limited Partnership (3.12%), Fisher Asset Management LLC (2.01%) and Charles Schwab Investment Management Inc. (1.95%). Insiders that own company stock include Charles R Perrin, Fran Horowitz, Kerrii B Anderson, Kristin A Scott, Kristin A Scott, Sarah M Gallagher, Scott D Lipesky, Suzanne M Coulter and Terry Lee Burman.
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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 $34.24.

Abercrombie & Fitch (NYSE:ANF) has a market capitalization of $1.71 billion and generates $3.70 billion in revenue each year. The apparel retailer earns $2.82 million in net income (profit) each year or $0.70 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.