Abercrombie & Fitch Co. (NYSE: ANF). Notable positive changes in fundamentals have recently occurred: the consensus estimate for January, 2025 increased significantly, the consensus estimate for January, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Significant positive changes in investment behavior have recently occurred for Abercrombie & Fitch Co. (NYSE: ANF): the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ANF is expected to continue to be a major Value Builder.
Abercrombie & Fitch Co has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Abercrombie & Fitch Co has a slightly negative Appreciation Score of 39 but a very high Power Rating of 100, with the Positive Value Trend Rating the result.
Recent Price Action
Abercrombie & Fitch Co. (NYSE: ANF) stock closed at $177.84 on 6/28/24 after a large increase of 3.1%. Moreover, unusually high trading volume at 181% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.3% during the last week.
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