Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Abercrombie & Fitch Co. shares valued at $27,255 were sold by GREENLEES MICHAEL E on Jun 16. At $18.17 per share, GREENLEES MICHAEL E sold 1,500 shares. The insider’s holdings dropped to 9,849 shares worth approximately $0.15 million following the completion of this transaction.
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Also, Gallagher Sarah M. sold 10,000 shares, netting a total of over 391,100 in proceeds. Following the sale of shares at $39.11 each, the insider now holds 25,874 shares.
Before that, Scott Kristin A. had sold 5,791 shares from its account. In a trade valued at $260,595, the President-Global Brands traded Abercrombie & Fitch Co. shares for $45.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,791 shares, worth approximately $0.89 million.
As published in a research note from Citigroup on May 23, 2022, Abercrombie & Fitch Co. [ANF] has been rated down from a Buy to a Neutral and the price target has been revised to $30 from $59. This represents a 48.03% premium over Wednesday’s closing price. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early March. As of January 07, 2022, UBS has decreased its “Buy” rating to a “Neutral” for ANF.
Analyzing ANF’s Price Performance
On Wednesday, Abercrombie & Fitch Co. [NYSE: ANF] plunged -2.13% to $15.59. The stock’s lowest price that day was $15.59, but it reached a high of $16.46 in the same session. During the last five days, there has been a surge of approximately 1.63%. Over the course of the year, Abercrombie & Fitch Co. shares have dropped approximately -55.24%. Shares of the company reached a 52-week high of $42.09 on 02/10/22 and a 52-week low of $14.02 on 09/01/22. A 50-day SMA is recorded $17.48, while a 200-day SMA reached $27.58. Nevertheless, trading volume fell to 1.44 million shares from 2.08 million shares the previous day.
Support And Resistance Levels for Abercrombie & Fitch Co. (ANF)
According to the 24-hour chart, there is a support level at 15.30, which, if violated, would cause prices to drop to 15.01. In the upper region, resistance lies at 16.17. The next price resistance is at 16.75. RSI (Relative Strength Index) is 42.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 46.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Abercrombie & Fitch Co. subject to short interest?
Stocks of Abercrombie & Fitch Co. saw a sharp steep in short interest on Jul 14, 2022 dropping by 70000.0 shares to 7.71 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.78 million shares. A decline of -0.91% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.67 of the overall float, the days-to-cover ratio (short ratio) decline to 4.67.
Which companies own the most shares of Abercrombie & Fitch Co. (ANF)?
According to BlackRock Fund Advisors filings, the company currently owns 7,459,102 shares, which is about 14.79% of the total ANF shares outstanding. The investor’s shares have plunged by -883,981 from its previous 13-F filing of 8343083.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $83,004,902. Dimensional Fund Advisors LP reduced a -1.32% interest valued at $58.42 million while GoldenTree Asset Management LP purchased a 418,589 stake. A total of -43,257 shares of Abercrombie & Fitch Co. were bought by SSgA Funds Management, Inc. during the quarter, and -64,605 were sold by Kempen Capital Management NV. In its current portfolio, Paradice Investment Management LL holds 1,755,019 shares valued at $25.25 million.
In terms of Abercrombie & Fitch Co. share price expectations, FactSet research, analysts set an average price target of $20.00 in the next 12 months, up nearly 22.41% from the previous closing price of $15.93. Analysts anticipate Abercrombie & Fitch Co. stock to reach $25.00 by 2022, with the lowest price target being $15.00. In spite of this, 9 analysts ranked Abercrombie & Fitch Co. stock as a Hold at the end of 2022. On June 09, 2021, Jefferies assigned a price target of “a Buy” to the stock and upgraded coverage with a $57.