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 stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $101.12, for a total value of $5,056,000.00. Following the completion of the sale, the chief executive officer owned 455,303 shares of the company’s stock, valued at approximately $46,040,239.36. This trade represents a 9.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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 shares were sold at an average price of $98.53, for a total transaction of $10,168,296.00.

Abercrombie & Fitch Trading Up 5.0%

NYSE:ANF traded up $5.03 on Wednesday, reaching $105.34. The stock had a trading volume of 1,503,940 shares, compared to its average volume of 1,858,241. The company has a 50-day moving average of $109.88 and a 200 day moving average of $93.66. The stock has a market cap of $4.83 billion, a P/E ratio of 10.10 and a beta of 1.19. Abercrombie & Fitch Company has a 12-month low of $65.40 and a 12-month high of $133.11.

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

Institutional Trading of Abercrombie & Fitch

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in Abercrombie & Fitch by 486.9% during the 2nd quarter. SG Americas Securities LLC now owns 12,923 shares of the apparel retailer’s stock worth $1,071,000 after acquiring an additional 10,721 shares during the period. AE Wealth Management LLC bought a new stake in shares of Abercrombie & Fitch during the third quarter valued at about $4,227,000. Retirement Systems of Alabama grew its position in Abercrombie & Fitch by 9.0% in the 3rd quarter. Retirement Systems of Alabama now owns 157,175 shares of the apparel retailer’s stock valued at $13,446,000 after buying an additional 12,942 shares in the last quarter. Timelo Investment Management Inc. acquired a new position in Abercrombie & Fitch during the 2nd quarter valued at about $1,077,000. Finally, QRG Capital Management Inc. acquired a new position in Abercrombie & Fitch during the 2nd quarter valued at about $782,000.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ANF shares. Jefferies Financial Group restated a “buy” rating and issued a $145.00 price target on shares of Abercrombie & Fitch in a research note on Monday, January 5th. BTIG Research reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research report on Tuesday, January 13th. Zacks Research raised Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Thursday, October 30th. Finally, Morgan Stanley increased their target price 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. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and a consensus price target 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.