Abercrombie & Fitch Co. (NYSE: ANF) has reported earnings for its second fiscal quarter (ending July 31) of $2.60 versus $1.13 for the same period a year ago. For the latest four quarters through July 31, E.P.S. were $9.88 compared to $2.21 a year ago.
Recent Price Action
Abercrombie & Fitch Co. (NYSE: ANF) stock closed at $138.31 on 8/28/24 after a major decline of -17.0%. Moreover, trading volume in this decline was exceptionally high at 479% of normal. The stock has declined -16.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Abercrombie & Fitch Co has a neutral Appreciation Score of 47 but a very high Power Rating of 99, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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