Last Updated: 15 Sep 2024
Executive Summary
Abercrombie & Fitch Company (ANF) is a specialty retailer with a market capitalization of $7.26 billion. The company has been showing positive growth in recent quarters, with a 1.27% increase in quarterly earnings and a 0.21% increase in quarterly revenue year-over-year. The stock is currently trading at $142.19, below its 52-week high of $196.99. Analysts have a consensus rating of "Hold" on the stock, with a target price of $182.4.
Company Overview
Abercrombie & Fitch is a specialty retailer that operates stores in the United States, Canada, and Europe. The company sells a variety of clothing and accessories for men, women, and children. Abercrombie & Fitch is known for its casual and preppy style.
Fundamental Analysis
Abercrombie & Fitch's financial performance has been improving in recent years. The company's revenue has increased from $4.4 billion in 2018 to $4.66 billion in 2023. The company's net income has also increased from $230 million in 2018 to $460 million in 2023.
Abercrombie & Fitch's profit margin is 10.8%, which is higher than the industry average of 9.5%. The company's operating margin is 15.5%, which is also higher than the industry average of 14.0%.
Abercrombie & Fitch's return on assets is 14.3%, which is higher than the industry average of 12.0%. The company's return on equity is 50.9%, which is also higher than the industry average of 45.0%.
Technical Analysis
Abercrombie & Fitch's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 55, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
Abercrombie & Fitch's stock price is expected to continue to trend higher in the short term. The stock is trading above its key moving averages and the RSI is not overbought. The company's financial performance is also improving, which should support the stock price.
Long Term Outlook
Abercrombie & Fitch's long-term outlook is positive. The company is expected to continue to grow its revenue and earnings in the coming years. The company's strong brand and loyal customer base should support its growth.
Analyst Recommendations
Analysts have a consensus rating of "Hold" on Abercrombie & Fitch's stock. The average target price is $182.4, which represents a potential upside of 28.3% from the current price.
