Key Points
- CEO Fran Horowitz sold 100,000 shares on Jan. 23 at an average of $95.40 for $9.54M and also sold 103,200 shares on Jan. 22 at $98.53, totaling ~203,200 shares (~$19.7M) and reducing her stake by 16.52% to 505,303 shares.
- ANF shares opened at $96.80, trade near a 50-day/200-day moving average of $106.79/$93.38, have a 1-year range of $65.40–$133.11, a market cap of about $4.44B and a P/E of 9.28.
- Analyst sentiment is mixed-leaning-positive with a MarketBeat consensus of "Moderate Buy" and a $124.60 price target; UBS recently raised its target to $160 (buy), while other firms range from buy to neutral.
Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) CEO Fran Horowitz sold 100,000 shares of Abercrombie & Fitch stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $95.40, for a total transaction of $9,540,000.00. Following the completion of the transaction, the chief executive officer directly owned 505,303 shares in the company, valued at $48,205,906.20. This represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
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 Price Performance
Shares of ANF stock opened at $96.80 on Tuesday. The stock's fifty day moving average price is $106.79 and its 200 day moving average price is $93.38. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $133.11. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 9.28 and a beta of 1.17.
Abercrombie & Fitch (NYSE:ANF - Get Free Report) 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. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the business posted $2.50 earnings per share. The firm's revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.
Hedge Funds Weigh In On Abercrombie & Fitch
Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in shares of Abercrombie & Fitch by 181.6% in the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer's stock valued at $29,000 after buying an additional 227 shares during the period. Ameritas Advisory Services LLC purchased a new position in Abercrombie & Fitch during the second quarter valued at approximately $38,000. Blue Trust Inc. purchased a new position in Abercrombie & Fitch during the third quarter valued at approximately $38,000. Hantz Financial Services Inc. lifted 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 acquiring an additional 250 shares during the period. Finally, Bessemer Group Inc. lifted 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 acquiring an additional 485 shares during the period.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on ANF. UBS Group upped their price target on shares of Abercrombie & Fitch from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, January 8th. BTIG Research reissued a "buy" rating on shares of Abercrombie & Fitch in a report on Tuesday, January 13th. Barclays raised their target price on Abercrombie & Fitch from $94.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 6th. Wall Street Zen downgraded Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Saturday, December 27th. Finally, JPMorgan Chase & Co. reduced their price objective on Abercrombie & Fitch from $130.00 to $128.00 and set a "neutral" rating for the company in a research note on Tuesday, January 20th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.60.
View Our Latest Research Report on Abercrombie & Fitch
Abercrombie & Fitch Company Profile
(
Get Free Report)
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.
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