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 Wall Street research analysts have issued 12-month target prices 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 6.1%.
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Abercrombie & Fitch's stock was trading at $34.83 at the beginning of the year. Since then, ANF shares have decreased by 31.2% and is now trading at $23.97.
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Abercrombie & Fitch saw a decline in short interest in 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 days-to-cover ratio is currently 1.9 days. Currently, 8.3% of the company's shares are short sold.
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Abercrombie & Fitch Co. (NYSE:ANF) announced its quarterly earnings data on Tuesday, November, 22nd. The apparel retailer reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.14. The apparel retailer earned $880.10 million during the quarter, compared to analysts' expectations of $831.17 million. Abercrombie & Fitch had a trailing twelve-month return on equity of 5.38% and a net margin of 0.82%. Abercrombie & Fitch's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.86 earnings per share.

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

Abercrombie & Fitch updated its fourth quarter 2022 earnings guidance on Tuesday, November, 22nd. The company provided earnings per share 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 variety of institutional and retail investors. Top institutional shareholders 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 and Suzanne M Coulter.
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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 $23.97.

Abercrombie & Fitch (NYSE:ANF) has a market capitalization of $1.19 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.