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 Abercrombie & Fitch stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the sale, the chief executive officer now owns 525,520 shares in the company, valued at approximately $58,127,767.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $119.66 on Wednesday. Abercrombie & Fitch Co. has a 52 week low of $21.74 and a 52 week high of $140.28. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 19.24 and a beta of 1.58. The stock has a 50 day moving average of $123.30 and a 200-day moving average of $96.96.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.14. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. As a group, analysts forecast that Abercrombie & Fitch Co. will post 7.48 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Abercrombie & Fitch from $81.00 to $103.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $152.00 price target (up previously from $140.00) on shares of Abercrombie & Fitch in a research note on Wednesday, March 6th. Citigroup increased their price target on Abercrombie & Fitch from $100.00 to $127.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Argus lifted their price objective on Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.71.

Hedge Funds Weigh In On Abercrombie & Fitch

Hedge funds and other institutional investors have recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. acquired a new position in Abercrombie & Fitch during the 4th quarter valued at approximately $33,000. GAMMA Investing LLC acquired a new position in shares of Abercrombie & Fitch during the fourth quarter valued at $49,000. Daiwa Securities Group Inc. bought a new position in shares of Abercrombie & Fitch during the fourth quarter worth about $62,000. Castleview Partners LLC acquired a new position in Abercrombie & Fitch during the 3rd quarter valued at about $44,000. Finally, Nomura Asset Management Co. Ltd. grew its position in Abercrombie & Fitch by 36.7% in 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 last quarter.

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.