Abercrombie & Fitch Co. (NYSE:ANF) CFO Scott D. Lipesky Sells 9,000 Shares of Stock

Abercrombie & Fitch Co. (NYSE:ANFGet Free Report) CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $176.48, for a total value of $1,588,320.00. Following the completion of the transaction, the chief financial officer now owns 115,455 shares in the company, valued at approximately $20,375,498.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Abercrombie & Fitch Stock Down 3.4 %

ANF stock opened at $169.73 on Wednesday. The stock’s fifty day simple moving average is $132.09 and its two-hundred day simple moving average is $113.25. The company has a current ratio of 1.64, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20. Abercrombie & Fitch Co. has a 1-year low of $31.06 and a 1-year high of $196.99. The stock has a market cap of $8.67 billion, a P/E ratio of 21.11 and a beta of 1.48.

Abercrombie & Fitch (NYSE:ANFGet Free Report) last issued its earnings results on Wednesday, May 29th. The apparel retailer reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.48. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $967.37 million. Abercrombie & Fitch had a return on equity of 44.83% and a net margin of 9.53%. The business’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. Analysts expect that Abercrombie & Fitch Co. will post 9.02 EPS for the current year.

Institutional Trading of Abercrombie & Fitch

Several hedge funds have recently made changes to their positions in ANF. FMR LLC raised its stake in shares of Abercrombie & Fitch by 12,439.3% in the third quarter. FMR LLC now owns 5,313,894 shares of the apparel retailer’s stock valued at $299,544,000 after buying an additional 5,271,516 shares during the period. Pacer Advisors Inc. raised its stake in shares of Abercrombie & Fitch by 101.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,352,169 shares of the apparel retailer’s stock valued at $119,288,000 after purchasing an additional 681,375 shares during the period. Norges Bank bought a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at $37,632,000. American Century Companies Inc. raised its stake in shares of Abercrombie & Fitch by 171.8% during the 3rd quarter. American Century Companies Inc. now owns 664,074 shares of the apparel retailer’s stock valued at $37,434,000 after purchasing an additional 419,781 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at $32,897,000.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ANF. Telsey Advisory Group restated an “outperform” rating and issued a $152.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, May 29th. Jefferies Financial Group raised their target price on Abercrombie & Fitch from $155.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Citigroup lifted their price target on Abercrombie & Fitch from $150.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Finally, Morgan Stanley boosted their price objective on Abercrombie & Fitch from $112.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and an average price target of $174.14.

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Abercrombie & Fitch Company Profile

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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.

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Insider Buying and Selling by Quarter for Abercrombie & Fitch (NYSE:ANF)

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