Abercrombie & Fitch Co. (ANF) shares are trading at higher $22.08 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $22.36.
To add more color to this target, the company’s high over the last year is $23.82 and the low is $7.41. Over the last 52 weeks, ANF is up 30.65% while the S&P 500 is up 17.22%. 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 $423.61 million. Abercrombie & Fitch Co. also saw revenues increase to $698.33 million. In addition, ANF has free cash flow of $20.61 million as of 07-2020. The company’s EBITDA came in at $52.86 million which compares well with its peers.
ANF booked profit margins of -5.80%, its Return on Equity (ROE) is -20.40%, 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 3.66 and outstanding shares of 62.53M.
ANF has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.45 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.94. Abercrombie & Fitch Co. ANF also noted assets of $3.31 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 1.37B and a float of 61.02M. 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.