Abercrombie & Fitch Co. (NYSE:ANF) EVP Samir Desai Sells 5,926 Shares

Abercrombie & Fitch Co. (NYSE:ANF) EVP Samir Desai sold 5,926 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $148.51, for a total transaction of $880,070.26. Following the completion of the sale, the executive vice president now directly owns 22,059 shares in the company, valued at $3,275,982.09. This trade represents a 21.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Samir Desai also recently made the following trade(s):

• On Friday, September 6th, Samir Desai sold 19,041 shares of Abercrombie & Fitch stock. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $149.99 on Friday. The stock has a market capitalization of $7.66 billion, a PE ratio of 14.84 and a beta of 1.52. Abercrombie & Fitch Co. has a fifty-two week low of $76.82 and a fifty-two week high of $196.99. The company has a fifty day moving average of $145.04 and a two-hundred day moving average of $154.18.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Research analysts forecast that Abercrombie & Fitch Co. will post 10.52 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ANF. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Friday, August 30th. JPMorgan Chase & Co. boosted their price target on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, October 4th. UBS Group raised their price objective on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research note on Tuesday, November 26th. Finally, Morgan Stanley raised their price target on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $178.14.

Institutional Trading of Abercrombie & Fitch

Several large investors have recently made changes to their positions in ANF. Franklin Resources Inc. lifted its holdings in Abercrombie & Fitch by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 48,338 shares of the apparel retailer’s stock valued at $6,762,000 after purchasing an additional 976 shares in the last quarter. Tidal Investments LLC raised its position in shares of Abercrombie & Fitch by 47.9% in the third quarter. Tidal Investments LLC now owns 8,757 shares of the apparel retailer’s stock valued at $1,225,000 after buying an additional 2,835 shares during the last quarter. Optimist Retirement Group LLC lifted its stake in shares of Abercrombie & Fitch by 22.8% in the third quarter. Optimist Retirement Group LLC now owns 1,708 shares of the apparel retailer’s stock worth $239,000 after buying an additional 317 shares in the last quarter. Invst LLC boosted its position in Abercrombie & Fitch by 22.6% during the third quarter. Invst LLC now owns 3,472 shares of the apparel retailer’s stock worth $486,000 after acquiring an additional 639 shares during the last quarter. Finally, Virtue Capital Management LLC grew its stake in Abercrombie & Fitch by 1.9% during the 3rd quarter. Virtue Capital Management LLC now owns 8,119 shares of the apparel retailer’s stock valued at $1,136,000 after acquiring an additional 154 shares in 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.