Abercrombie & Fitch Co. (NYSE:ANF) CEO Fran Horowitz sold 243,000 shares of the firm’s stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $37.83, for a total value of $9,192,690.00. Following the sale, the chief executive officer now directly owns 754,032 shares of the company’s stock, valued at $28,525,030.56. The transaction was disclosed in a document filed with the SEC, which is available through this link.
NYSE:ANF opened at $38.70 on Tuesday. The stock has a 50-day simple moving average of $36.74 and a 200 day simple moving average of $25.73. Abercrombie & Fitch Co. has a 52-week low of $9.30 and a 52-week high of $41.08. The company has a market cap of $2.40 billion, a PE ratio of -20.81 and a beta of 1.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.60.
Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Monday, March 1st. The apparel retailer reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.28. Abercrombie & Fitch had a negative net margin of 3.55% and a negative return on equity of 6.61%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the business earned $1.31 EPS. The business’s quarterly revenue was down 5.3% on a year-over-year basis. On average, research analysts predict that Abercrombie & Fitch Co. will post -1.11 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Abercrombie & Fitch from $14.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, March 10th. Telsey Advisory Group increased their price objective on Abercrombie & Fitch from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, February 24th. B. Riley upped their price target on Abercrombie & Fitch from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, April 15th. Wedbush boosted their price objective on Abercrombie & Fitch from $18.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, March 4th. Finally, Royal Bank of Canada raised their target price on shares of Abercrombie & Fitch from $27.00 to $30.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $29.92.
Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, and Gilly Hicks brands.
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