Insider Selling: Abercrombie & Fitch (NYSE:ANF) CEO Sells 50,000 Shares of Stock

Abercrombie & Fitch Company (NYSE:ANF) CEO Fran Horowitz sold 50,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $103.66, for a total transaction of $5,183,000.00. Following the transaction, the chief executive officer owned 355,303 shares in the company, valued at approximately $36,830,708.98. This trade represents a 12.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, February 5th, Fran Horowitz sold 17,031 shares of Abercrombie & Fitch stock. The stock was 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 shares were sold at an average price of $101.12, for a total value 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 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 value of $10,168,296.00.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF traded down $1.56 during mid-day trading on Friday, reaching $97.54. 1,025,375 shares of the company’s stock were exchanged, compared to its average volume of 1,796,865. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 9.35 and a beta of 1.19. The firm has a 50-day moving average price of $110.15 and a two-hundred day moving average price of $93.78. 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 data on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, topping the consensus estimate of $2.14 by $0.22. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm posted $2.50 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, sell-side analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Institutional Trading of Abercrombie & Fitch

A number of large investors have recently modified their holdings of the business. NewEdge Advisors LLC raised 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 purchasing an additional 227 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Abercrombie & Fitch by 120.3% during the 4th quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 148 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Abercrombie & Fitch in the second quarter valued at $38,000. Blue Trust Inc. bought a new position in Abercrombie & Fitch in the third quarter valued at $38,000. Finally, Hantz Financial Services Inc. raised its position in Abercrombie & Fitch by 108.2% during the third quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock valued at $41,000 after purchasing an additional 250 shares in the last quarter.

Analyst Ratings Changes

ANF has been the topic of several recent research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Thursday, October 30th. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their target price for the company from $90.00 to $135.00 in a report on Wednesday, January 21st. Wall Street Zen lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Finally, UBS Group boosted their price objective on Abercrombie & Fitch from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and an average price target 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.