Abercrombie & Fitch Co. (NYSE:ANF) CEO Fran Horowitz Sells 400,000 Shares of Stock

Abercrombie & Fitch Co. (NYSE:ANF) CEO Fran Horowitz sold 400,000 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $110.61, for a total value of $44,244,000.00. Following the sale, the chief executive officer now 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 available at this link.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $114.84 on Tuesday. The firm’s 50 day moving average is $123.25 and its 200 day moving average is $96.51. The stock has a market capitalization of $5.86 billion, a P/E ratio of 18.46 and a beta of 1.58. Abercrombie & Fitch Co. has a 12 month low of $21.74 and a 12 month high of $140.28. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.21.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.14. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Abercrombie & Fitch Co. will post 7.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ANF shares. Citigroup upped their target price on shares of Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. UBS Group lifted their target price on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Jefferies Financial Group upped their target price on Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Argus lifted their price target on Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $122.71.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ANF. National Bank of Canada FI lifted its holdings in shares of Abercrombie & Fitch by 4,731.4% in the third quarter. National Bank of Canada FI now owns 8,455 shares of the apparel retailer’s stock worth $489,000 after buying an additional 8,280 shares in the last quarter. Friedenthal Financial bought a new position in Abercrombie & Fitch in the 3rd quarter valued at $792,000. Raymond James & Associates purchased a new position in shares of Abercrombie & Fitch during the 3rd quarter valued at $1,457,000. Summit Financial Strategies Inc. bought a new position in shares of Abercrombie & Fitch in the third quarter worth $202,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Abercrombie & Fitch by 32.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,442 shares of the apparel retailer’s stock worth $589,000 after buying an additional 2,555 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.