The Abercrombie & Fitch Co. (ANF) shares are trading at lower $9.90 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $12.64.
To add more color to this target, the company’s high over the last year is $19.18 and the low is $7.41. Over the last 52 weeks, ANF is down -48.38% while the S&P 500 is down -0.57%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, ANF reported a profit of $264.14 million. Abercrombie & Fitch Co. also saw revenues increase to $485.36 million. In addition, ANF has free cash flow of -$137.77 million as of 04-2020. The company’s EBITDA came in at -$165.09 million which compares well with its peers.
ANF booked profit margins of -5.50%, its Return on Equity (ROE) is -19.40%, and its Return on Assets is -5.40%. All told, it is clear that, ANF needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ANF has a short ratio of 3.18 and outstanding shares of 62.54M.
ANF has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.13 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -3.06. Abercrombie & Fitch Co. ANF also noted assets of $3.29 billion at the end of the last quarter. Investors should also keep an eye on sector updates as ANF has historically followed its peers on positive news.
All told, Abercrombie & Fitch Co. ANF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ANF represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Abercrombie & Fitch Co. ANF is now commanding a market cap of 603.90M and a float of 61.01M. ANF is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ANF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in ANF, either long or short, and we have not been compensated for this article.