Abercrombie & Fitch - ANF Stock Forecast, Price & News

6 Wall Street equities 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 equities 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 analysts have issued 1 year price objectives for Abercrombie & Fitch's stock. Their ANF share price forecasts range from $16.00 to $30.00. On average, they expect the company's share price to reach $22.50 in the next year. This suggests that the stock has a possible downside of 5.9%.
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Abercrombie & Fitch's stock was trading at $34.83 at the start of the year. Since then, ANF shares have decreased by 31.3% and is now trading at $23.92.
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Abercrombie & Fitch saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 4,010,000 shares, a decline of 21.7% from the October 31st total of 5,120,000 shares. Based on an average daily volume of 2,130,000 shares, the short-interest ratio is presently 1.9 days. Currently, 8.3% of the shares of the company are sold short.
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Abercrombie & Fitch Co. (NYSE:ANF) posted its earnings results on Tuesday, November, 22nd. The apparel retailer reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 0.82% and a trailing twelve-month return on equity of 5.38%. Abercrombie & Fitch's revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 earnings per share.

Abercrombie & Fitch announced that its Board of Directors has initiated a stock buyback plan 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 plans are typically an indication that the company's management believes its shares are undervalued.

Abercrombie & Fitch updated its fourth quarter 2022 earnings guidance on Tuesday, November, 22nd. The company provided earnings per share (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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.18%), Vanguard Group Inc. (11.16%), Dimensional Fund Advisors LP (7.37%), State Street Corp (4.09%), Balyasny Asset Management LLC (3.66%) and Marshall Wace LLP (1.48%). 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 $23.92.

Abercrombie & Fitch (NYSE:ANF) has a market capitalization of $1.18 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.