Key Points
- CEO Fran Horowitz sold 350,000 shares of ANF between Jan. 22 and Feb. 6 for about $34.7 million; after the Feb. 6 transaction she owned 308,503 shares (the Feb. 6 sale alone represented an 8.8% reduction).
- Shares fell ~4.9%, opening at $92.91 and trading below the 50-day average ($109.96); the stock has a market cap of $4.26 billion and a P/E of 8.91.
- Abercrombie & Fitch beat quarterly EPS ($2.36 vs. $2.14) with revenue up 6.8% year-over-year, and analysts maintain a consensus "Moderate Buy" with an average price target of $124.60 (some targets as high as $160).
Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) CEO Fran Horowitz sold 29,769 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $100.00, for a total value of $2,976,900.00. Following the transaction, the chief executive officer owned 308,503 shares in the company, valued at $30,850,300. This represents a 8.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Fran Horowitz also recently made the following trade(s):
- On Thursday, February 5th, Fran Horowitz sold 17,031 shares of Abercrombie & Fitch stock. The shares were sold at an average price of $102.00, for a total value 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 value 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 transaction 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 transaction of $10,168,296.00.
Abercrombie & Fitch Stock Down 4.9%
Shares of NYSE ANF opened at $92.91 on Tuesday. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 8.91 and a beta of 1.19. The company's 50-day simple moving average is $109.96 and its 200-day simple moving average is $93.76. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $133.11.
Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.22. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $2.50 EPS. The company's revenue for the quarter was up 6.8% on a year-over-year basis. Equities research analysts anticipate that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.
Institutional Investors Weigh In On Abercrombie & Fitch
Hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Abercrombie & Fitch by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,517 shares of the apparel retailer's stock valued at $2,254,000 after buying an additional 892 shares during the period. Jones Financial Companies Lllp lifted its holdings in Abercrombie & Fitch by 521.1% in the first quarter. Jones Financial Companies Lllp now owns 1,000 shares of the apparel retailer's stock valued at $76,000 after acquiring an additional 839 shares during the last quarter. United Services Automobile Association purchased a new position in Abercrombie & Fitch in the first quarter worth approximately $261,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Abercrombie & Fitch by 8.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 127,389 shares of the apparel retailer's stock worth $9,729,000 after acquiring an additional 10,459 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in Abercrombie & Fitch in the second quarter valued at $348,000.
Analyst Upgrades and Downgrades
Several research firms recently commented on ANF. Wall Street Zen raised Abercrombie & Fitch from a "hold" rating to a "buy" rating in a research note on Saturday. Telsey Advisory Group reiterated an "outperform" rating and issued a $125.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, January 13th. Jefferies Financial Group restated a "buy" rating and set a $145.00 price target 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. Finally, UBS Group raised their target price on shares of Abercrombie & Fitch from $130.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $124.60.
View Our Latest Stock Analysis on ANF
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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