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 the 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 completion of the sale, the chief executive officer now owns 525,520 shares of the company’s stock, valued at approximately $58,127,767.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Abercrombie & Fitch Stock Down 3.8 %

ANF opened at $115.18 on Thursday. Abercrombie & Fitch Co. has a one year low of $21.74 and a one year high of $140.28. The company has a fifty day moving average price of $123.22 and a 200-day moving average price of $97.09. The firm has a market capitalization of $5.88 billion, a P/E ratio of 18.52 and a beta of 1.58. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.10.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.14. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. Equities research analysts expect that Abercrombie & Fitch Co. will post 7.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management grew its position in Abercrombie & Fitch by 51.4% in the first quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock worth $39,000 after acquiring an additional 107 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in Abercrombie & Fitch in the fourth quarter worth $33,000. GAMMA Investing LLC purchased a new position in Abercrombie & Fitch in the fourth quarter worth $49,000. Daiwa Securities Group Inc. purchased a new stake in Abercrombie & Fitch during the fourth quarter valued at about $62,000. Finally, Castleview Partners LLC purchased a new stake in Abercrombie & Fitch during the third quarter valued at about $44,000.

Analysts Set New Price Targets

ANF has been the subject of several analyst reports. Morgan Stanley increased their price objective on shares of Abercrombie & Fitch from $81.00 to $103.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Argus boosted their target price 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. 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 research report on Wednesday, March 6th. Citigroup boosted their price target on shares of Abercrombie & Fitch from $100.00 to $127.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $152.00 price target (up from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.71.

About Abercrombie & Fitch

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.