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, 2 hold ratings and 3 buy ratings 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 research analysts have issued 1 year target prices for Abercrombie & Fitch's stock. Their ANF share price forecasts range from $15.00 to $39.00. On average, they expect the company's share price to reach $24.83 in the next year. This suggests a possible upside of 49.9% from the stock's current price.
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Abercrombie & Fitch's stock was trading at $34.83 at the beginning of the year. Since then, ANF stock has decreased by 52.4% and is now trading at $16.57.
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Abercrombie & Fitch saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,610,000 shares, a drop of 17.1% from the August 31st total of 6,770,000 shares. Based on an average daily trading volume, of 1,940,000 shares, the short-interest ratio is currently 2.9 days. Approximately 12.1% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
View our ANF earnings forecast.

Abercrombie & Fitch Co. (NYSE:ANF) posted its quarterly earnings results on Thursday, August, 25th. The apparel retailer reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.53. The apparel retailer had revenue of $805.90 million for the quarter, compared to analyst estimates of $843.56 million. Abercrombie & Fitch had a trailing twelve-month return on equity of 11.57% and a net margin of 2.16%. The business's revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 earnings per share.

Abercrombie & Fitch announced that its Board of Directors has initiated a stock buyback program on Tuesday, November 23rd 2021, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 22.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

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 $16.57.

Abercrombie & Fitch (NYSE:ANF) has a market capitalization of $819.45 million and generates $3.71 billion in revenue each year. The apparel retailer earns $263.01 million in net income (profit) each year or $1.24 on an earnings per share basis.

The company employs 31,500 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.