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What Does Abercrombie & Fitch Co.’s (NYSE: ANF) Future Hold?

Abercrombie & Fitch Co. (NYSE:ANF) traded at $22.47 at last check on Wednesday, November 23, made a downward move of -0.66% on its previous day’s price.

Looking at the stock we see that its previous close was $22.62 and the beta (5Y monthly) reads 1.38 with the day’s price range being $21.12 – $22.76. The company has a trailing 12-month PE ratio of 18.48. In terms of its 52-week price range, ANF has a high of $42.23 and a low of $14.02. The company’s stock has gained about 30.53% over that past 30 days.

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Abercrombie & Fitch Co. has a market cap of $1.11 billion and is expected to release its quarterly earnings report on Nov 22, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.13, with the EPS growth for the year raised at $1.03 for 2023 and $1.43 for next year. These figures represent -76.30% and 38.80% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $832.59 million, with a low of $828 million and a high of $838 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $3.54 billion, or -4.80% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ANF stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of Hold.

Based on estimates by 9 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Abercrombie & Fitch Co. (ANF) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the ANF stock currently stands at 1.03, and the most recent price level today is 22.90% off its SMA20 and 32.54% from its 50-day simple moving average. The RSI (14) is pointing at 71.28 while the volatility over the past week is 6.10% and jumps to 5.68% over the past one month. The beta value is 1.36, while the average true range (ATR) is currently pointing at 1.24. The average price target for the stock over the next 12 months is $21.67, with the estimates having a low of $15.00 and a high of $27.00. These price ends are 33.24% and -20.16% off the today’s price level respectively, although investors could be excited at the prospect of a -0.13% if the ANF share price touches on the median price of $22.50.

Let’s briefly compare Abercrombie & Fitch Co. (ANF) stock to its peers. We find that today’s price change of -0.66% and -51.91% over the past 12 months for ANF competes that of Ross Stores Inc. (ROST), which has seen its stock price rise 1.31% in the latest trading session and is 3.69% over the last one year. Another of its peers The TJX Companies Inc. (TJX) has gained 0.36% today, and was 14.64% up over the past year, while Tilly’s Inc. (TLYS) is also down -0.37% yet, while its price remains in the red at -42.62% over the same period. Abercrombie & Fitch Co. has a P/E ratio of 18.48 compared to Ross Stores Inc.’s 27.98 and The TJX Companies Inc.’s 27.93. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.51% and 0.24%, respectively, in early deals.

Coming back to Abercrombie & Fitch Co. (NYSE:ANF), we note that the average 3-month trading volume was 2.09 million, while that of the preceding 10-day period stands at 2.39 million. Current shares outstanding are 50.44 million.

The insiders hold 2.40% of the company’s shares. The data shows that short shares as of Oct 13, 2022, stood at 5.14 million at a short ratio of 2.56. This represents a 10.39% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 5.61 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -35.06% down in year-to-date price movement.

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