Abercrombie & Fitch (NYSE:ANF) CEO Fran Horowitz Sells 100,000 Shares of Stock

Abercrombie & Fitch Company (NYSE:ANF) CEO Fran Horowitz sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $95.40, for a total value of $9,540,000.00. Following the transaction, the chief executive officer directly owned 505,303 shares in the company, valued at approximately $48,205,906.20. This represents a 16.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Fran Horowitz also recently made the following trade(s):

• On Thursday, January 22nd, Fran Horowitz sold 103,200 shares of Abercrombie & Fitch stock. The shares were sold at an average price of $98.53, for a total value of $10,168,296.00.

Abercrombie & Fitch Stock Up 0.5%

Shares of Abercrombie & Fitch stock opened at $96.80 on Tuesday. The stock’s fifty day moving average is $106.79 and its two-hundred day moving average is $93.38. The company has a market capitalization of $4.44 billion, a PE ratio of 9.28 and a beta of 1.17. Abercrombie & Fitch Company has a 52 week low of $65.40 and a 52 week high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.22. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $2.50 earnings per share. As a group, research analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of hedge funds have recently made changes to their positions in ANF. Wellington Management Group LLP boosted its position in Abercrombie & Fitch by 5,749.6% during the third quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock valued at $102,148,000 after purchasing an additional 1,173,601 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in Abercrombie & Fitch by 10,469.4% in the second quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock worth $82,278,000 after purchasing an additional 983,705 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Abercrombie & Fitch during the second quarter valued at about $61,643,000. Norges Bank purchased a new stake in shares of Abercrombie & Fitch during the second quarter valued at about $61,584,000. Finally, Boston Partners boosted its holdings in shares of Abercrombie & Fitch by 102.5% in the 3rd quarter. Boston Partners now owns 1,094,023 shares of the apparel retailer’s stock valued at $92,940,000 after buying an additional 553,889 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ANF. Wall Street Zen downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Zacks Research raised Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. BTIG Research reissued a “buy” rating on shares of Abercrombie & Fitch in a research report on Tuesday, January 13th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price target on shares of Abercrombie & Fitch in a research note on Tuesday, January 13th. Finally, Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $135.00 in a report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.60.

Abercrombie & Fitch Company Profile

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.