Abercrombie & Fitch (NYSE:ANF) CEO Sells $5,056,000.00 in Stock

Abercrombie & Fitch Company (NYSE:ANF) CEO Fran Horowitz sold 50,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $101.12, for a total value of $5,056,000.00. Following the transaction, the chief executive officer directly owned 455,303 shares in the company, valued at approximately $46,040,239.36. This represents a 9.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, January 23rd, Fran Horowitz sold 100,000 shares of Abercrombie & Fitch stock. The stock was sold at an average price of $95.40, for a total value 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 Stock Up 5.0%

NYSE ANF traded up $5.03 during trading hours on Wednesday, hitting $105.34. 1,503,940 shares of the stock were exchanged, compared to its average volume of 1,858,241. The stock has a 50-day moving average of $109.88 and a 200 day moving average of $93.66. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $133.11. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 10.10 and a beta of 1.19.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly 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 business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the firm earned $2.50 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ANF. NewEdge Advisors LLC raised its position in shares of Abercrombie & Fitch by 181.6% in the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after buying an additional 227 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Abercrombie & Fitch in the 2nd quarter worth about $38,000. Blue Trust Inc. acquired a new position in shares of Abercrombie & Fitch in the 3rd quarter valued at about $38,000. Hantz Financial Services Inc. grew its holdings in shares of Abercrombie & Fitch by 108.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock worth $41,000 after purchasing an additional 250 shares during the period. Finally, Bessemer Group Inc. lifted its position in Abercrombie & Fitch by 268.0% during the third quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer’s stock valued at $56,000 after buying an additional 485 shares in the last quarter.

Wall Street Analysts Forecast Growth

ANF has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Abercrombie & Fitch from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 20th. Barclays boosted their price target on Abercrombie & Fitch from $94.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Wall Street Zen downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, January 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Abercrombie & Fitch in a research report on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.60.

About Abercrombie & Fitch

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.