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

Abercrombie & Fitch Co. (NYSE:ANF) CEO Fran Horowitz sold 400,000 shares of the company’s stock in a transaction dated 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 completion of 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 can be accessed through this link.

Abercrombie & Fitch Price Performance

NYSE ANF traded up $4.48 on Monday, reaching $114.84. The company had a trading volume of 1,216,726 shares, compared to its average volume of 1,645,611. The firm’s 50 day moving average price is $123.25 and its 200 day moving average price is $96.51. Abercrombie & Fitch Co. has a 12 month low of $21.74 and a 12 month high of $140.28. The stock has a market capitalization of $5.86 billion, a PE ratio of 18.46 and a beta of 1.58. The company has a quick ratio of 1.10, a current ratio of 1.59 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, topping the consensus estimate of $2.83 by $0.14. Abercrombie & Fitch had a return on equity of 38.80% and a net margin of 7.67%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The business’s revenue was up 21.1% compared to the same quarter last year. As a group, equities analysts predict that Abercrombie & Fitch Co. will post 7.48 earnings per share for the current year.

Analysts Set New Price Targets

ANF has been the subject of several analyst reports. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Argus raised their price objective on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. 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 report on Tuesday, February 27th. Jefferies Financial Group increased their price target on Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $152.00 price objective (up from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. bought a new position in shares of Abercrombie & Fitch during the 4th quarter valued at approximately $33,000. Castleview Partners LLC bought a new stake in shares of Abercrombie & Fitch in the 3rd quarter worth about $44,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Abercrombie & Fitch by 36.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the apparel retailer’s stock worth $46,000 after purchasing an additional 220 shares during the period. GAMMA Investing LLC bought a new position in Abercrombie & Fitch during the 4th quarter valued at about $49,000. Finally, Daiwa Securities Group Inc. purchased a new stake in Abercrombie & Fitch in the 4th quarter worth about $62,000.

About Abercrombie & Fitch

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.