Telsey Advisory Group raised the price target for the Abercrombie & Fitch Co. (NYSE:ANF) stock to “an Outperform”. The rating was released on March 07, 2024, according to finviz. We previously noted in another research note published on February 28, 2024 by Telsey Advisory Group that reiterated the stock to an Outperform with a price target of $140 for ANF stock. The research report from Telsey Advisory Group has reiterated the stock to Outperform, with a price target set at $105. The stock was reiterated by Telsey Advisory Group, who disclosed in a research note on November 22, 2023, to Outperform and set the price objective to $83. In their research brief published August 25, 2023, Morgan Stanley analysts upgraded the Abercrombie & Fitch Co. stock from Underweight to Equal-Weight with a price target of $51.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -5.51% within the last five trades and -9.99% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 82.77% in the last 6 months and 16.58% was added to its value over the previous 3 months. ANF stock is trading at a margin of -9.76%, -7.55% and 45.00% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, ANF deals in the Consumer Cyclical domain. The stock is trading -19.56 percent below its 52-week high and 419.16 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 287.5. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Abercrombie & Fitch Co.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 11.29 percent and the profit margin is 7.67 percent, and the company has reported a gross margin of 59.62 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $5.76 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Abercrombie & Fitch Co. (NYSE:ANF) is 18.14. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 13.94. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.35 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 5.50, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 2.78 percent of Abercrombie & Fitch Co. shares are owned by insiders, and 107.79 percent are held by financial institutions. Scott Kristin A., the President-Global Brands at Abercrombie & Fitch Co. (ANF) has sold 120,000 shares of firm on Mar 08 ’24 at a price of $126.15 against the total amount of $15.14 million. In another inside trade, Lipesky Scott D., EVP, COO and CFO of Abercrombie & Fitch Co. (NYSE:ANF) sold 35,000 shares of the firm on Mar 08 ’24 for a total worth of $4.48 million at a price of $127.95. An inside trade which took place on Mar 08 ’24, SVP, Gen Cnsl & Secy of Abercrombie & Fitch Co. HENCHEL GREGORY J sold 35,000 shares of firm against total price of $4.24 million at the cost of $121.02 per share.
