Abercrombie & Fitch (NYSE:ANF) CEO Fran Horowitz Sells 103,200 Shares

Abercrombie & Fitch Company (NYSE:ANF) CEO Fran Horowitz sold 103,200 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $98.53, for a total value of $10,168,296.00. Following the completion of the sale, the chief executive officer directly owned 605,303 shares of the company’s stock, valued at approximately $59,640,504.59. This trade represents a 14.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $95.40, for a total transaction of $9,540,000.00.

Abercrombie & Fitch Stock Performance

NYSE:ANF traded up $0.50 during trading hours on Monday, hitting $96.80. The stock had a trading volume of 1,420,322 shares, compared to its average volume of 2,062,304. The business’s 50 day moving average is $106.25 and its 200-day moving average is $93.32. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 9.28 and a beta of 1.17. Abercrombie & Fitch Company has a one year low of $65.40 and a one year high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.22. The firm had revenue of $1.29 billion during 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% on a year-over-year basis. During the same period in the previous year, the firm earned $2.50 earnings per share. On average, sell-side analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Abercrombie & Fitch

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in shares of 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 acquiring an additional 227 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Abercrombie & Fitch during the second quarter valued at approximately $38,000. Blue Trust Inc. bought a new position in Abercrombie & Fitch in the third quarter valued at approximately $38,000. Hantz Financial Services Inc. increased its position 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 last quarter. Finally, Bessemer Group Inc. increased its position in shares of 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 purchasing an additional 485 shares during the last quarter.

Analyst Upgrades and Downgrades

ANF has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price target on shares of Abercrombie & Fitch from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 20th. Zacks Research raised shares of Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. The Goldman Sachs Group began coverage on Abercrombie & Fitch in a report on Thursday, December 11th. They set a “buy” rating and a $120.00 target price for the company. UBS Group lifted their price target on Abercrombie & Fitch from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Finally, Barclays upped their price objective on Abercrombie & Fitch from $94.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently 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.