Abercrombie & Fitch Co Stock Research

Market Summary

USD29.95+1.39

Market Closed

4.87%

ANF Stock Price

ANF RSI Chart

ANF Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

114.98

Price/Sales (Trailing)

0.32

EV/EBITDA

3.9

Price/Free Cashflow

-7.15

ANF Price/Sales (Trailing)

ANF Profitability

EBT Margin

2.06%

Return on Equity

5.73%

Return on Assets

1.38%

Free Cashflow Yield

-13.98%

ANF Fundamentals

ANF Revenue

Revenue (TTM)

3.7B

Revenue Y/Y

3.31%

Revenue Q/Q

36.33%

ANF Earnings

Earnings (TTM)

10.4M

Earnings Y/Y

-36.74%

Earnings Q/Q

2.2K%

Price Action

52 Week Range

14.0231.69

(Low)(High)

Last 7 days

31.0%

Last 30 days

30.2%

Last 90 days

3.3%

Trailing 12 Months

37.1%

ANF Financial Health

Current Ratio

1.3

ANF Investor Care

Buy Backs (1Y)

15.83%

Diluted EPS (TTM)

0.05

Peers (Alternatives to Abercrombie & Fitch)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TJX	89.0B	49.9B	-0.59%	21.17%	25.43	1.78	2.85%	6.55%
ORLY	56.3B	14.8B	3.22%	44.41%	25.52	3.8	9.53%	2.92%
AZO	46.0B	16.9B	-6.96%	21.28%	19.03	2.73	8.24%	0.40%
ROST	35.4B	18.7B	-1.27%	19.28%	23.43	1.9	-1.17%	-12.22%
MID-CAP
FL	3.9B	8.8B	-36.27%	-15.65%	11.34	0.44	-2.22%	-61.70%
GPS	3.1B	15.6B	-10.71%	-22.30%	-15.12	0.2	-6.32%	-178.91%
URBN	2.9B	4.8B	20.00%	50.22%	18.08	0.6	5.42%	-48.59%
BOOT	2.1B	1.7B	-1.27%	-9.86%	12.35	1.27	11.38%	-11.38%
AEO	2.1B	5.0B	-18.44%	-22.12%	16.76	0.42	-0.42%	-70.18%
SMALL-CAP
BKE	1.6B	1.3B	-5.38%	1.17%	6.26	1.19	3.91%	-0.08%
ANF	1.2B	3.7B	30.22%	37.07%	114.98	0.32	-0.40%	-96.15%
SCVL	645.4M	1.3B	-14.06%	-30.07%	5.86	0.51	-0.55%	-28.93%
DBI	515.2M	3.3B	-20.12%	-57.46%	3.17	0.16	3.72%	5.30%
DXLG	280.9M	545.8M	-7.73%	-5.00%	3.15	0.51	8.08%	57.15%
PLCE	211.1M	1.7B	-42.11%	-63.35%	-185.52	0.12	-10.80%	-100.61%

Financials for Abercrombie & Fitch

Income Statement (Last 12 Months)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	1.1%	3,697,751,000	3,659,290,000	3,684,366,000	3,744,125,000	3,712,768,000
Gross Profit	-0.4%	2,104,538,000	2,113,385,000	2,168,813,000	2,266,407,000	2,311,995,000
EBITDA	-24.2%	181,444,000	239,370,000	46,996,000	-	-
EBITDA Margin	-23.7%	0.05	0.06	0.01	-	-
Earnings Before Taxes	-11.0%	67,016,000	75,281,000	130,494,000	243,114,000	308,974,000
EBT Margin	-41.9%	0.02	0.04	-0.02	-	-
Interest Expenses	10.0%	-25,632,000	-28,478,000	-28,453,000	-32,811,000	-34,110,000
Net Income	-72.0%	10,385,000	37,048,000	86,495,000	211,829,000	270,066,000
Net Income Margin	-56.9%	0.01	0.02	0.06	-	-
Free Cahsflow	-102.2%	-309,737,000	-153,188,000	82,478,000	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	0.7%	2,713	2,694	2,734	2,607	2,939
Current Assets	0.6%	1,228	1,220	1,263	1,213	1,508
Cash Equivalents	101.1%	518	257	370	468	823
Inventory	-31.9%	506	742	708	563	526
Net PPE	1.7%	552	542	511	498	508
Current Liabilities	-3.6%	902	935	959	853	1,015
LT Debt, Non Current	0.1%	297	297	304	304	304
Shareholder's Equity	7.5%	695	646	673	705	826
Retained Earnings	1.6%	2,369	2,331	2,334	2,351	2,386
Additional Paid-In Capital	1.3%	416	411	405	398	413
Shares Outstanding	-1.9%	49.00	50.00	52.00	-	-
Minority Interest	19.3%	12.00	10.00	11.00	9.00	11.00

* denotes actual numbers (not divided by Thousands)
Cashflow (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	98.5%	-2,343	-154,699	-31,896	191,345	277,782
Share Based Compensation	-4.8%	28,995	30,461	30,483	29,210	29,304
Cashflow From Investing	-7.3%	-140,675	-131,147	-113,320	-101,116	-96,979
Cashflow From Financing	47.8%	-155,329	-297,446	-382,075	-510,652	-446,898
Dividend Payments	NaN%	0.00	0.00	-	-	-
Buy Backs	-53.0%	125,775	267,816	359,816	442,041	377,290

Risks for ANF

What is the probability of a big loss on ANF?

96.5%

Probability that Abercrombie & Fitch stock will be more than 20% underwater in next one year

80.8%

Probability that Abercrombie & Fitch stock will be more than 30% underwater in next one year.

65.8%

Probability that Abercrombie & Fitch stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ANF drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Abercrombie & Fitch was unfortunately bought at previous high price.

Drawdowns

Returns for ANF

Cumulative Returns on ANF

-2.2%

10-Year Cumulative Returns

8.7%

7-Year Cumulative Returns

5.1%

5-Year Cumulative Returns

33.3%

3-Year Cumulative Returns

What are the long-term rolling returns for ANF?

FIve years rolling returns for Abercrombie & Fitch.

Annualized Returns

Which funds bought or sold ANF recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-22	AMERIPRISE FINANCIAL INC	added	50.12	3,608,220	8,019,220	-%
2023-05-19	Coppell Advisory Solutions LLC	sold off	-100	-824	-	-%
2023-05-18	JPMORGAN CHASE & CO	added	38.79	4,242,000	10,473,000	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-26.23	-84,000	711,000	-%
2023-05-17	Advisory Services Network, LLC	added	985	27,818	30,109	-%
2023-05-17	Thrivent Financial for Lutherans	reduced	-4.27	186,000	1,348,000	-%
2023-05-16	CASTLEARK MANAGEMENT LLC	new	-	3,414,920	3,414,920	0.17%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-42.08	-587,332	1,380,590	-%
2023-05-16	SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC	unchanged	-	197,370	1,131,620	0.03%
2023-05-16	Rockefeller Capital Management L.P.	unchanged	-	837,000	4,795,000	0.02%

Latest Funds Activity

Are funds buying ANF calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ANF

No. of Funds

Abercrombie & Fitch News

Schedule 13G FIlings of Abercrombie & Fitch

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 10, 2023	dimensional fund advisors lp	6.4%	3,151,317	SC 13G/A
Feb 09, 2023	vanguard group inc	11.07%	5,426,567	SC 13G/A
Jan 26, 2023	blackrock inc.	16.6%	8,121,936	SC 13G/A
Jan 20, 2023	blackrock inc.	16.6%	8,121,936	SC 13G/A
Feb 09, 2022	vanguard group inc	12.91%	7,294,800	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	7.5%	4,239,410	SC 13G/A
Feb 07, 2022	blackrock inc.	16.5%	9,334,889	SC 13G/A
Feb 12, 2021	contrarius investment management ltd	0.7%	422,465	SC 13G/A
Feb 12, 2021	dimensional fund advisors lp	7.6%	4,765,948	SC 13G/A
Feb 10, 2021	vanguard group inc	10.24%	6,385,985	SC 13G/A

ANF Fair Value

Recent SEC filings of Abercrombie & Fitch

View All Filings

Date Filed	Form Type	Document
May 25, 2023	8-K	Current Report
May 25, 2023	SD	SD
May 24, 2023	3	Insider Trading
May 18, 2023	8-K/A	Current Report
May 09, 2023	8-K	Current Report
May 03, 2023	4	Insider Trading
Apr 24, 2023	DEFA14A	DEFA14A
Apr 24, 2023	DEF 14A	DEF 14A
Apr 24, 2023	ARS	ARS
Mar 29, 2023	4	Insider Trading

Latest Insider Trading transactions for ANF

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-27	HENCHEL GREGORY J	acquired	-	-	40,618	svp, gen cnsl & secy
2023-03-27	Horowitz Fran	sold (taxes)	-5,738,340	25.2	-227,712	chief executive officer
2023-03-27	HENCHEL GREGORY J	sold (taxes)	-429,559	25.2	-17,046	svp, gen cnsl & secy
2023-03-27	Lipesky Scott D.	sold (taxes)	-1,127,220	25.2	-44,731	evp and cfo
2023-03-27	Scott Kristin A.	sold (taxes)	-2,754,440	25.2	-109,303	president-global brands
2023-03-27	Scott Kristin A.	acquired	-	-	243,706	president-global brands
2023-03-27	Horowitz Fran	acquired	-	-	507,718	chief executive officer
2023-03-27	Lipesky Scott D.	acquired	-	-	101,544	evp and cfo
2023-03-24	Lipesky Scott D.	acquired	-	-	18,235	evp and cfo
2023-03-24	HENCHEL GREGORY J	sold (taxes)	-53,622	24.62	-2,178	svp, gen cnsl & secy

About Abercrombie & Fitch

Fran Horowitz-Bonadies

www.abercrombie.com

31500

Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands. As of January 29, 2022, it operated approximately 729 retail stores in Europe, Asia, Canada, the Middle East, United States, and internationally. The company sells products through its stores; various third-party wholesale, franchise, and licensing arrangements; and e-commerce platforms. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio.

ANF Income Statement

2023-01-28

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Income Statement [Abstract]
Net sales	$ 3,697,751	$ 3,712,768	$ 3,125,384
Cost of sales, exclusive of depreciation and amortization	1,593,213	1,400,773	1,234,179
Gross profit	2,104,538	2,311,995	1,891,205
Stores and distribution expense	1,482,931	1,428,323	1,379,948
Marketing, general and administrative expense	517,602	536,815	463,843
Asset impairment, exclusive of flagship store exit charges	14,031	12,100	72,937
Other operating Income, net	(2,674)	(8,327)	(5,054)
Operating income (loss)	92,648	343,084	(20,469)
Interest expense, net	25,632	34,110	28,274
Income tax expense	56,631	38,908	60,211
Net income (loss)	10,385	270,066	(108,954)
Less: Net income attributable to noncontrolling interests	$ 7,569	$ 7,056	$ 5,067
Net income (loss) per share attributable to A&F
Basic	$ 0.06	$ 4.41	$ (1.82)
Diluted	$ 0.05	$ 4.20	$ (1.82)
Weighted-average shares outstanding
Weighted Average Number of Shares Outstanding, Basic	50,307	59,597	62,551
Diluted	52,327	62,636	62,551
Dividends declared per share			$ 0.28
Other comprehensive (loss) income
Foreign currency translation, net of tax	$ (11,964)	$ (22,917)	$ 12,195
Other comprehensive (loss) income	(22,821)	(12,399)	6,579
Comprehensive (loss) income	(12,436)	257,667	(102,375)
Less: Comprehensive income attributable to noncontrolling interests	7,569	7,056	5,067
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(20,005)	250,611	(107,442)
Net sales	3,697,751	3,712,768	3,125,384
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization	1,593,213	1,400,773	1,234,179
Gross Profit	2,104,538	2,311,995	1,891,205
Stores And Distribution Expense	1,482,931	1,428,323	1,379,948
Marketing General And Administrative Expense	517,602	536,815	463,843
Asset impairment, exclusive of flagship store exit charges	14,031	12,100	72,937
Other Operating Income (Expense), Net	2,674	8,327	5,054
Operating Income (Loss)	92,648	343,084	(20,469)
Interest Income (Expense), Net	(25,632)	(34,110)	(28,274)
Income (Loss) before income taxes	67,016	308,974	(48,743)
Tax expense related to correction of errors	56,631	38,908	60,211
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	10,385	270,066	(108,954)
Net income attributable to noncontrolling interests	$ 7,569	$ 7,056	$ 5,067
Net income (loss) per basic share attributable to A&F	$ 0.06	$ 4.41	$ (1.82)
Net income (loss) per diluted share attributable to A&F	$ 0.05	$ 4.20	$ (1.82)
Weighted Average Number of Shares Outstanding, Basic	50,307	59,597	62,551
Weighted Average Number of Shares Outstanding, Diluted	52,327	62,636	62,551
Foreign currency translation adjustments, net of tax	$ (11,964)	$ (22,917)	$ 12,195
Derivative financial instruments, net of tax	(10,857)	10,518	(5,616)
Other comprehensive (loss) income	(22,821)	(12,399)	6,579
Comprehensive (loss) income	(12,436)	257,667	(102,375)
Less: Comprehensive income attributable to noncontrolling interests	7,569	7,056	5,067
Comprehensive (loss) income attributable to A&F	(20,005)	250,611	(107,442)
Retained earnings
Income Statement [Abstract]
Net income (loss) attributable to A&F	2,816	263,010	(114,021)
Net Income (Loss) Attributable to Parent, Total	$ 2,816	$ 263,010	$ (114,021)

ANF Balance Sheet

2023-01-28

Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Thousands

Jan. 28, 2023

Jan. 29, 2022

Current assets:

Cash and equivalents

$ 517,602

$ 823,139

Receivables

104,506

69,102

Inventories

^[1]

505,621

525,864

Other current assets

100,289

89,654

Total current assets

1,228,018

1,507,759

Property and equipment, net

551,585

508,336

Operating Lease, Right-of-Use Asset

723,550

698,231

Other assets

209,947

225,165

Total assets

2,713,100

2,939,491

Current liabilities:

Accounts payable

258,895

374,829

Accrued expenses

413,303

395,815

Operating Lease, Liability, Current

213,979

222,823

Income taxes payable

16,023

21,773

Total current liabilities

902,200

1,015,240

Operating Lease, Liability, Noncurrent

713,361

697,264

Long-term liabilities:

Long-term portion of borrowings, net

296,852

303,574

Other liabilities

94,118

86,089

Total long-term liabilities

1,104,331

1,086,927

Stockholders’ equity

Class A Common Stock - $0.01 par value: 150,000 shares authorized and 103,300 shares issued for all periods presented

1,033

Paid-in capital

416,255

413,190

Retained earnings

2,368,815

2,386,156

Accumulated other comprehensive loss, net of tax (“AOCL”)

(137,527)

(114,706)

Treasury stock, at average cost: 54,298 and 50,315 shares at January 28, 2023 and January 29, 2022, respectively

(1,953,735)

(1,859,583)

Total A&F stockholders’ equity

694,841

826,090

Noncontrolling interests

11,728

11,234

Total stockholders’ equity

706,569

837,324

Total liabilities and stockholders’ equity

$ 2,713,100

$ 2,939,491

Treasury Stock, Shares

54,298

50,315

Common Stock, Shares, Issued

103,300

[1]	Included $93.7 million and $142.7 million of inventory in transit, merchandise owned by the Company that has not yet been received at a Company DC, as of January 28, 2023 and January 29, 2022, respectively.