Abercrombie & Fitch (NYSE:ANF) CEO Sells $5,183,000.00 in Stock

Abercrombie & Fitch Company (NYSE:ANF) CEO Fran Horowitz sold 50,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $103.66, for a total value of $5,183,000.00. Following the completion of the sale, the chief executive officer directly owned 355,303 shares in the company, valued at approximately $36,830,708.98. This represents a 12.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Fran Horowitz also recently made the following trade(s):

• On Thursday, February 5th, Fran Horowitz sold 17,031 shares of Abercrombie & Fitch stock. The shares were sold at an average price of $102.00, for a total value of $1,737,162.00.
• On Monday, February 2nd, Fran Horowitz sold 50,000 shares of Abercrombie & Fitch stock. The stock was sold at an average price of $101.12, for a total transaction of $5,056,000.00.
• On Friday, January 23rd, Fran Horowitz sold 100,000 shares of Abercrombie & Fitch stock. The shares were sold at an average price of $95.40, for a total transaction of $9,540,000.00.
• On Thursday, January 22nd, Fran Horowitz sold 103,200 shares of Abercrombie & Fitch stock. The stock was sold at an average price of $98.53, for a total transaction of $10,168,296.00.

Abercrombie & Fitch Trading Down 1.6%

NYSE:ANF traded down $1.56 on Friday, hitting $97.54. The company had a trading volume of 1,025,375 shares, compared to its average volume of 1,796,865. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 9.35 and a beta of 1.19. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $133.11. The firm has a 50 day moving average of $110.15 and a two-hundred day moving average of $93.78.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, beating the consensus estimate of $2.14 by $0.22. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company earned $2.50 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Analyst Upgrades and Downgrades

ANF has been the subject of a number of analyst reports. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $135.00 in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reduced their price objective on shares of Abercrombie & Fitch from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $145.00 price target on shares of Abercrombie & Fitch in a research report on Monday, January 5th. Finally, The Goldman Sachs Group started coverage on Abercrombie & Fitch in a report on Thursday, December 11th. They set a “buy” rating and a $120.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.60.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in Abercrombie & Fitch by 5,749.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock worth $102,148,000 after purchasing an additional 1,173,601 shares in the last quarter. Valeo Financial Advisors LLC raised its position in Abercrombie & Fitch by 10,469.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock valued at $82,278,000 after buying an additional 983,705 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in Abercrombie & Fitch in the 2nd quarter valued at $61,643,000. Norges Bank bought a new position in Abercrombie & Fitch during the 2nd quarter valued at $61,584,000. Finally, M&T Bank Corp purchased a new position in Abercrombie & Fitch during the 4th quarter worth $86,383,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.