Abercrombie & Fitch Co. (NYSE:ANF) CEO Fran Horowitz Sells 243,000 Shares of Stock

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.

A number of hedge funds have recently modified their holdings of ANF. Brinker Capital Investments LLC bought a new position in shares of Abercrombie & Fitch in the 3rd quarter valued at about $515,000. Crescent Grove Advisors LLC increased its position in shares of Abercrombie & Fitch by 19.0% during the 4th quarter. Crescent Grove Advisors LLC now owns 14,284 shares of the apparel retailer’s stock worth $291,000 after purchasing an additional 2,284 shares during the last quarter. Swiss National Bank raised its stake in shares of Abercrombie & Fitch by 0.6% during the 4th quarter. Swiss National Bank now owns 141,000 shares of the apparel retailer’s stock worth $2,871,000 after purchasing an additional 900 shares in the last quarter. Ziegler Capital Management LLC boosted its holdings in shares of Abercrombie & Fitch by 10.4% in the 4th quarter. Ziegler Capital Management LLC now owns 59,672 shares of the apparel retailer’s stock valued at $1,215,000 after buying an additional 5,629 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Abercrombie & Fitch by 458.2% in the fourth quarter. Russell Investments Group Ltd. now owns 132,735 shares of the apparel retailer’s stock valued at $2,727,000 after buying an additional 108,956 shares in the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.

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.

Read More: CAC 40 Index

Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.