Abercrombie & Fitch (NYSE:ANF) Stock Price Down 2.5% – Should You Sell?

Shares of Abercrombie & Fitch Co. (NYSE:ANF) were down 2.5% during trading on Tuesday . The company traded as low as $150.85 and last traded at $150.85. Approximately 144,109 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 1,708,497 shares. The stock had previously closed at $154.65.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ANF shares. JPMorgan Chase & Co. increased their price objective on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. UBS Group raised their price objective on Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. StockNews.com cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Finally, Raymond James began coverage on shares of Abercrombie & Fitch in a research report on Friday, December 6th. They issued an “outperform” rating and a $180.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $179.50.

Abercrombie & Fitch Stock Performance

The firm’s fifty day simple moving average is $145.56 and its 200-day simple moving average is $151.57. The stock has a market cap of $7.48 billion, a P/E ratio of 14.69 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business posted $1.83 EPS. Analysts predict that Abercrombie & Fitch Co. will post 10.61 earnings per share for the current fiscal year.

Insider Activity

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $148.51, for a total value of $880,070.26. Following the completion of the sale, the executive vice president now directly owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Scott D. Lipesky sold 8,605 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the transaction, the chief operating officer now directly owns 97,850 shares in the company, valued at approximately $14,697,070. This represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,401 shares of company stock worth $2,631,741 over the last quarter. 2.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Several large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in shares of Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 123 shares during the period. Private Trust Co. NA increased its stake in Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after acquiring an additional 272 shares during the last quarter. Quarry LP grew its holdings in shares of Abercrombie & Fitch by 156.0% during the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after purchasing an additional 170 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Abercrombie & Fitch by 39.2% in the 3rd quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock valued at $110,000 after acquiring an additional 222 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Abercrombie & Fitch by 8,914.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after acquiring an additional 624 shares during the last quarter.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.