Abercrombie & Fitch Co. (NYSE:ANF) CEO Sells $44,244,000.00 in Stock

Abercrombie & Fitch Co. (NYSE:ANF) CEO Fran Horowitz sold 400,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the transaction, the chief executive officer now directly owns 525,520 shares of the company’s stock, valued at approximately $58,127,767.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Abercrombie & Fitch Stock Up 4.2 %

Shares of NYSE ANF opened at $119.66 on Wednesday. The business has a fifty day moving average of $123.30 and a two-hundred day moving average of $96.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.59. Abercrombie & Fitch Co. has a 52-week low of $21.74 and a 52-week high of $140.28. The stock has a market cap of $6.11 billion, a PE ratio of 19.24 and a beta of 1.58.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.14. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. As a group, equities research analysts expect that Abercrombie & Fitch Co. will post 7.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ANF. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Telsey Advisory Group restated an “outperform” rating and set a $152.00 price objective (up from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. Citigroup raised their target price on Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Morgan Stanley boosted their price target on shares of Abercrombie & Fitch from $81.00 to $103.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Finally, Argus raised their price objective on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $122.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ANF. FMR LLC raised its position in Abercrombie & Fitch by 12,439.3% in the 3rd quarter. FMR LLC now owns 5,313,894 shares of the apparel retailer’s stock valued at $299,544,000 after purchasing an additional 5,271,516 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Abercrombie & Fitch by 101.6% during the fourth quarter. Pacer Advisors Inc. now owns 1,352,169 shares of the apparel retailer’s stock worth $119,288,000 after purchasing an additional 681,375 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Abercrombie & Fitch by 3,067.6% in the third quarter. Victory Capital Management Inc. now owns 444,547 shares of the apparel retailer’s stock valued at $25,059,000 after buying an additional 430,513 shares in the last quarter. Norges Bank bought a new position in shares of Abercrombie & Fitch in the fourth quarter valued at about $37,632,000. Finally, American Century Companies Inc. lifted its position in Abercrombie & Fitch by 171.8% during the 3rd quarter. American Century Companies Inc. now owns 664,074 shares of the apparel retailer’s stock worth $37,434,000 after buying an additional 419,781 shares in the last quarter.

Abercrombie & Fitch Company Profile

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.