Fran Horowitz Sells 100,000 Shares of Abercrombie & Fitch (NYSE:ANF) Stock

Abercrombie & Fitch Company (NYSE:ANF) CEO Fran Horowitz sold 100,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $95.40, for a total value of $9,540,000.00. Following the sale, the chief executive officer directly owned 505,303 shares in the company, valued at $48,205,906.20. The trade was a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, January 22nd, Fran Horowitz sold 103,200 shares of Abercrombie & Fitch stock. The shares were sold at an average price of $98.53, for a total value of $10,168,296.00.

Abercrombie & Fitch Price Performance

Shares of Abercrombie & Fitch stock traded up $0.50 during midday trading on Monday, hitting $96.80. 1,420,322 shares of the company were exchanged, compared to its average volume of 2,062,304. The firm has a 50 day simple moving average of $106.25 and a 200-day simple moving average of $93.32. The firm has a market cap of $4.44 billion, a P/E ratio of 9.28 and a beta of 1.17. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business posted $2.50 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. Equities research analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its stake in Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 227 shares during the period. Blue Trust Inc. bought a new stake in shares of Abercrombie & Fitch in the 3rd quarter valued at about $38,000. Ameritas Advisory Services LLC bought a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at about $38,000. Hantz Financial Services Inc. raised its position in shares of Abercrombie & Fitch by 108.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock valued at $41,000 after acquiring an additional 250 shares during the period. Finally, Bessemer Group Inc. boosted its stake in Abercrombie & Fitch by 268.0% during the 3rd quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer’s stock worth $56,000 after acquiring an additional 485 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ANF shares. The Goldman Sachs Group began coverage on shares of Abercrombie & Fitch in a report on Thursday, December 11th. They set a “buy” rating and a $120.00 price target for the company. Morgan Stanley raised their price objective on shares of Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Zacks Research upgraded shares of Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. BTIG Research restated a “buy” rating on shares of Abercrombie & Fitch in a research report on Tuesday, January 13th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, January 13th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.60.

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.