Abercrombie & Fitch Co. (NYSE:ANF) CEO Sells $44,244,000.00 in Stock

Abercrombie & Fitch Co. (NYSE:ANF) CEO Fran Horowitz sold 400,000 shares of Abercrombie & Fitch stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the sale, the chief executive officer now owns 525,520 shares of the company’s stock, valued at approximately $58,127,767.20. The sale was disclosed in a document filed with the SEC, which is available through this link.

Abercrombie & Fitch Trading Down 3.8 %

NYSE ANF opened at $115.18 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.21. The firm has a market cap of $5.88 billion, a PE ratio of 18.52 and a beta of 1.58. The company has a 50 day moving average price of $123.22 and a 200 day moving average price of $97.09. Abercrombie & Fitch Co. has a 52 week low of $21.74 and a 52 week high of $140.28.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $2.97 EPS for the quarter, topping the consensus estimate of $2.83 by $0.14. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. Abercrombie & Fitch’s revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 EPS. As a group, sell-side analysts forecast that Abercrombie & Fitch Co. will post 7.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ANF. Citigroup lifted their price objective on shares of Abercrombie & Fitch from $100.00 to $127.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Telsey Advisory Group restated an “outperform” rating and issued a $152.00 price target (up previously from $140.00) on shares of Abercrombie & Fitch in a report on Wednesday, March 6th. Jefferies Financial Group boosted their price target on shares of Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. UBS Group boosted their price target on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Finally, Argus boosted their price target on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus price target of $122.71.

Institutional Trading of Abercrombie & Fitch

Several large investors have recently bought and sold shares of ANF. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at $33,000. Spire Wealth Management boosted its holdings in shares of Abercrombie & Fitch by 51.4% in the 1st quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock valued at $39,000 after acquiring an additional 107 shares during the last quarter. Castleview Partners LLC purchased a new stake in shares of Abercrombie & Fitch in the 3rd quarter valued at $44,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Abercrombie & Fitch by 36.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock valued at $46,000 after acquiring an additional 220 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at $49,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.