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

Abercrombie & Fitch Company (NYSE:ANF) CEO Fran Horowitz sold 103,200 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were 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 in the company, valued at approximately $59,640,504.59. This represents a 14.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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%

ANF traded up $0.50 during midday trading on Monday, reaching $96.80. The company’s stock had a trading volume of 1,420,322 shares, compared to its average volume of 2,062,304. Abercrombie & Fitch Company has a twelve month low of $65.40 and a twelve month high of $133.11. The stock has a market cap of $4.44 billion, a P/E ratio of 9.28 and a beta of 1.17. The company has a fifty day simple moving average of $106.25 and a 200 day simple moving average of $93.32.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.22. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. Abercrombie & Fitch’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $2.50 earnings per share. Sell-side analysts expect that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Institutional Trading of Abercrombie & Fitch

Several hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in Abercrombie & Fitch by 181.6% during the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 227 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Abercrombie & Fitch in the 2nd quarter worth $38,000. Blue Trust Inc. acquired a new stake in shares of Abercrombie & Fitch during the third quarter worth $38,000. Hantz Financial Services Inc. increased its holdings in Abercrombie & Fitch by 108.2% in the third quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock valued at $41,000 after purchasing an additional 250 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in Abercrombie & Fitch by 268.0% in the third quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer’s stock valued at $56,000 after purchasing an additional 485 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Zacks Research raised Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 target price on shares of Abercrombie & Fitch in a research report on Monday, January 5th. JPMorgan Chase & Co. dropped their price objective 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. The Goldman Sachs Group initiated coverage on shares of Abercrombie & Fitch in a research report on Thursday, December 11th. They set a “buy” rating and a $120.00 target price on the stock. Finally, BTIG Research restated a “buy” rating on shares of Abercrombie & Fitch in a research note on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.