In yesterday’s Wall Street session, Abercrombie & Fitch Co. (NYSE:ANF) shares traded at $178.47, down -5.80% from the previous session.
ANF stock price is now 39.14% away from the 50-day moving average and 92.63% away from the 200-day moving average. The market capitalization of the company currently stands at $9.12B.
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With the price target enhanced from $152 to $208, Telsey Advisory Group maintained Outperform rating for Abercrombie & Fitch Co. (NYSE: ANF). On March 07, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $140 to quote $152, while the Telsey Advisory Group previously rated the stock as ‘Outperform’ on February 28, 2024.
In other news, Horowitz Fran, Chief Executive Officer sold 400,000 shares of the company’s stock on Apr 18 ’24. The stock was sold for $44,244,000 at an average price of $110.61. Upon completion of the transaction, the Chief Executive Officer now directly owns 525,520 shares in the company, valued at $93.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08 ’24, President-Global Brands Scott Kristin A. sold 120,000 shares of the business’s stock. A total of $15,138,427 was realized by selling the stock at an average price of $126.15. This leaves the insider owning 38,208 shares of the company worth $6.82 million. A total of 1.94% of the company’s stock is owned by insiders.
During the past 12 months, Abercrombie & Fitch Co. has had a low of $29.70 and a high of $196.99. As of last week, the company has a debt-to-equity ratio of 0.98, a current ratio of 1.64, and a quick ratio of 1.15. According to the stock market information, the enterprise value for the company is $7938380800, which is based on a 22.20 price-to-earnings ratio, a 1.23 price-to-earnings-growth ratio, and a beta of 1.51. The fifty day moving average price for ANF is $128.2694 and a two-hundred day moving average price translates $92.65065 for the stock.
The latest earnings results from Abercrombie & Fitch Co. (NYSE: ANF) was released for 2024-02-03. The net profit margin was 9.53% and return on equity was 47.78% for ANF. The company reported revenue of $1.45 billion for the quarter, compared to $1.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.09 percent.
