Abercrombie & Fitch (NYSE:ANF) CEO Fran Horowitz Sells 29,769 Shares

Abercrombie & Fitch Company (NYSE:ANF) CEO Fran Horowitz sold 29,769 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $100.00, for a total transaction of $2,976,900.00. Following the sale, the chief executive officer directly owned 308,503 shares of the company’s stock, valued at approximately $30,850,300. The trade was a 8.80% decrease in their ownership of the stock. 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, February 5th, Fran Horowitz sold 17,031 shares of Abercrombie & Fitch stock. The stock was sold at an average price of $102.00, for a total transaction of $1,737,162.00.
• On Wednesday, February 4th, Fran Horowitz sold 50,000 shares of Abercrombie & Fitch stock. The shares were sold at an average price of $103.66, for a total transaction of $5,183,000.00.
• On Monday, February 2nd, Fran Horowitz sold 50,000 shares of Abercrombie & Fitch stock. The shares were sold at an average price of $101.12, for a total transaction of $5,056,000.00.
• On Friday, January 23rd, Fran Horowitz sold 100,000 shares of Abercrombie & Fitch stock. The stock was sold at an average price of $95.40, for a total value of $9,540,000.00.
• 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 Price Performance

Abercrombie & Fitch stock opened at $92.91 on Tuesday. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $133.11. The business has a fifty day moving average price of $109.96 and a 200-day moving average price of $93.76. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 8.91 and a beta of 1.19.

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

Wall Street Analysts Forecast Growth

ANF has been the subject of a number of research analyst reports. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price target for the stock from $90.00 to $135.00 in a report on Wednesday, January 21st. UBS Group raised their target price on Abercrombie & Fitch from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Jefferies Financial Group reiterated a “buy” rating and set a $145.00 price target on shares of Abercrombie & Fitch in a research note on Monday, January 5th. Wall Street Zen upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, The Goldman Sachs Group initiated coverage on Abercrombie & Fitch in a research report on Thursday, December 11th. They issued a “buy” rating and a $120.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $124.60.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its position in Abercrombie & Fitch by 181.6% in the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 227 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Abercrombie & Fitch by 120.3% during the fourth quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock worth $34,000 after buying an additional 148 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Abercrombie & Fitch during the second quarter valued at $38,000. Blue Trust Inc. purchased a new position in Abercrombie & Fitch in the third quarter valued at $38,000. Finally, Hantz Financial Services Inc. raised its position in shares of Abercrombie & Fitch by 108.2% in the third quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock worth $41,000 after acquiring an additional 250 shares during the period.

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.