Abercrombie & Fitch (NYSE:ANF) CEO Fran Horowitz Sells 103,200 Shares

Abercrombie & Fitch Company (NYSE:ANF) CEO Fran Horowitz sold 103,200 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $98.53, for a total value of $10,168,296.00. Following the completion of the sale, the chief executive officer directly owned 605,303 shares of the company’s stock, valued at approximately $59,640,504.59. This trade represents a 14.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, January 23rd, Fran Horowitz sold 100,000 shares of Abercrombie & Fitch stock. The shares were sold at an average price of $95.40, for a total value of $9,540,000.00.

Abercrombie & Fitch Trading Up 0.5%

Shares of Abercrombie & Fitch stock opened at $96.80 on Tuesday. The stock has a 50-day moving average price of $106.79 and a 200 day moving average price of $93.38. The company has a market cap of $4.44 billion, a P/E ratio of 9.28 and a beta of 1.17. Abercrombie & Fitch Company has a 1 year low of $65.40 and a 1 year 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, beating the consensus estimate of $2.14 by $0.22. The company had revenue of $1.29 billion for 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 business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.50 EPS. On average, equities analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ANF shares. JPMorgan Chase & Co. decreased their target price on shares of Abercrombie & Fitch from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 20th. BTIG Research reiterated a “buy” rating on shares of Abercrombie & Fitch in a report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Abercrombie & Fitch in a research report on Thursday, October 30th. Barclays boosted their target price on Abercrombie & Fitch from $94.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Finally, Citigroup raised 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 research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $124.60.

Institutional Trading of Abercrombie & Fitch

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC raised its position in shares of Abercrombie & Fitch by 486.9% in the second quarter. SG Americas Securities LLC now owns 12,923 shares of the apparel retailer’s stock valued at $1,071,000 after purchasing an additional 10,721 shares during the period. Fifth Third Bancorp grew its stake in Abercrombie & Fitch by 1,205.3% in the 2nd quarter. Fifth Third Bancorp now owns 5,143 shares of the apparel retailer’s stock valued at $426,000 after buying an additional 4,749 shares during the last quarter. Timelo Investment Management Inc. bought a new position in Abercrombie & Fitch in the 2nd quarter worth $1,077,000. QRG Capital Management Inc. acquired a new position in Abercrombie & Fitch during the 2nd quarter worth $782,000. Finally, Valeo Financial Advisors LLC boosted its holdings in Abercrombie & Fitch by 10,469.4% during the second quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock valued at $82,278,000 after acquiring an additional 983,705 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.