Are Things Looking Up For Abercrombie & Fitch Co. (NYSE: ANF)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted Abercrombie & Fitch Co. to Report Fourth Quarter and Full Year 2023 Results on March 6, 2024.

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Stocks Info

The company is listed on the NYSE and operates within the Apparel Retail industry segment. At the end of the last regular session, the stock closed at $106.45 and fluctuated between $109.87 as its day high and $104.86 as its day low. The current market capitalization of Abercrombie & Fitch Co. is $5.37B. A total of 1.55 million shares were traded on the day, compared to an average of 1.51M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ANF has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 32 BUYs and 48 SELLs from insiders. Insiders purchased 1,705,414 shares during that period but sold 1,356,132.

In the most recent transaction, Scott Kristin A. sold 80,000 shares of ANF for 96.25 per share on Jan 08. After the transaction, the President-Global Brands now owns 148,485 company shares. In a previous transaction on Jan 08, Lipesky Scott D. sold 50,000 shares at 96.24 per share. ANF shares that EVP, COO and CFO owns now total 116,987.

Among the insiders who sold shares, Gallagher Sarah M. disposed of 13,225 shares on Nov 22 at a per-share price of $74.36. This resulted in the Director holding 2,800 shares of ANF after the transaction. In another insider transaction, Desai Samir sold 9,744 shares at $73.29 per share on Nov 22. Company shares held by the EVP;Chief Digital&Tech Officer now total 13,385.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ANF in the last 3 months, the mean price target is $100.50 with high estimates of $120.00 and low estimates of $81.00. In terms of 52-week highs and lows, ANF has a high of $110.17 and a low of $21.74.

As of this writing, ANF has an earnings estimate of $2.77 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $2.85 per share and a lower estimate of $2.66. The company reported an EPS of $1.1 in the last quarter, which was 547.10% higher than expectations of $0.17.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ANF’s latest balance sheet shows that the firm has $823.14M in Cash & Short Term Investments as of fiscal 2022. There were $1.22B in debt and $1.02B in liabilities at the time. Its Book Value Per Share was $17.18, while its Total Shareholder’s Equity was $837.32M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ANF is Buy with a score of 3.75.

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