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 1 sell rating, 3 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.
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6 equities research analysts have issued twelve-month price targets for Abercrombie & Fitch's shares. Their ANF share price forecasts range from $16.00 to $33.00. On average, they expect the company's share price to reach $26.71 in the next year. This suggests that the stock has a possible downside of 11.2%.
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Abercrombie & Fitch's stock was trading at $22.91 on January 1st, 2023. Since then, ANF shares have increased by 31.3% and is now trading at $30.07.
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Abercrombie & Fitch saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 5,850,000 shares, an increase of 30.3% from the December 15th total of 4,490,000 shares. Based on an average daily trading volume, of 1,700,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 12.2% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our ANF earnings forecast.

Abercrombie & Fitch will be holding an earnings conference call on Wednesday, March 1st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Abercrombie & Fitch Co. (NYSE:ANF) released its earnings results on Tuesday, November, 22nd. The apparel retailer reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.14. The apparel retailer had revenue of $880.10 million for the quarter, compared to the consensus estimate of $831.17 million. Abercrombie & Fitch had a trailing twelve-month return on equity of 5.38% and a net margin of 0.82%. The company's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 EPS.

Abercrombie & Fitch declared that its Board of Directors has approved a stock buyback plan 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 purchase up to 22.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Abercrombie & Fitch issued an update on its fourth quarter 2022 earnings guidance on Thursday, December, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.15 billion-$1.18 billion, compared to the consensus revenue estimate of $1.09 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."

Abercrombie & Fitch's stock is owned by many different institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (1.99%), Bank of Montreal Can (0.42%), New York State Teachers Retirement System (0.18%), SummerHaven Investment Management LLC (0.09%), New York State Common Retirement Fund (0.07%) and State of Alaska Department of Revenue (0.07%). 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 $30.07.

Abercrombie & Fitch (NYSE:ANF) has a market capitalization of $1.47 billion and generates $3.71 billion in revenue each year. The apparel retailer earns $263.01 million in net income (profit) each year or $0.43 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.