Abercrombie & Fitch Co. (NYSE:ANF) EVP Samir Desai Sells 19,041 Shares

Abercrombie & Fitch Co. (NYSE:ANF) EVP Samir Desai sold 19,041 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the sale, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Abercrombie & Fitch Price Performance

NYSE ANF traded down $3.35 on Tuesday, reaching $129.91. The company had a trading volume of 2,177,783 shares, compared to its average volume of 1,716,328. The company has a quick ratio of 0.93, a current ratio of 1.44 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $6.64 billion, a PE ratio of 16.57 and a beta of 1.50. The firm’s 50 day moving average price is $156.21 and its 200 day moving average price is $146.35. Abercrombie & Fitch Co. has a 12 month low of $49.24 and a 12 month high of $196.99.

Institutional Trading of Abercrombie & Fitch

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP increased its holdings in Abercrombie & Fitch by 16.0% in the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock valued at $155,281,000 after acquiring an additional 120,509 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Abercrombie & Fitch by 146.3% in the 2nd quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock worth $153,494,000 after buying an additional 512,700 shares in the last quarter. Hennessy Advisors Inc. grew its stake in shares of Abercrombie & Fitch by 18.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer’s stock worth $89,347,000 after buying an additional 76,900 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Abercrombie & Fitch by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer’s stock worth $81,915,000 after buying an additional 20,616 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Abercrombie & Fitch by 45.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer’s stock worth $56,969,000 after buying an additional 141,788 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ANF shares. JPMorgan Chase & Co. upgraded shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $167.00 to $194.00 in a research report on Monday, July 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $208.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, August 28th. Morgan Stanley decreased their price target on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. Jefferies Financial Group raised their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, UBS Group decreased their price objective on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $179.14.

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.