Abercrombie & Fitch Co. (NYSE:ANF) Director Charles R. Perrin Sells 31,268 Shares of Stock

Abercrombie & Fitch Co. (NYSE:ANF) Director Charles R. Perrin sold 31,268 shares of the stock in a transaction dated Thursday, April 29th. The stock was sold at an average price of $37.82, for a total value of $1,182,555.76. Following the sale, the director now directly owns 37,255 shares in the company, valued at $1,408,984.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NYSE:ANF opened at $38.70 on Tuesday. The company has a fifty day simple moving average of $36.74 and a two-hundred day simple moving average of $25.73. The company has a market cap of $2.40 billion, a price-to-earnings ratio of -20.81 and a beta of 1.82. The company has a quick ratio of 1.02, a current ratio of 1.60 and a debt-to-equity ratio of 0.40. Abercrombie & Fitch Co. has a 52 week low of $9.30 and a 52 week high of $41.08.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Monday, March 1st. The apparel retailer reported $1.50 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm posted $1.31 earnings per share. The company’s revenue was down 5.3% compared to the same quarter last year. On average, analysts expect that Abercrombie & Fitch Co. will post -1.11 EPS for the current year.

Several brokerages have weighed in on ANF. Morgan Stanley increased their price target on Abercrombie & Fitch from $14.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 10th. JPMorgan Chase & Co. raised their target price on shares of Abercrombie & Fitch from $37.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, April 19th. Telsey Advisory Group lifted their price target on shares of 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 lifted their target price on shares of Abercrombie & Fitch from $38.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, April 15th. Finally, Citigroup lifted their target price on shares of Abercrombie & Fitch from $28.00 to $33.00 in a report on Wednesday, March 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.92.

A number of institutional investors and hedge funds have recently made changes to their positions in ANF. Brinker Capital Investments LLC purchased a new stake in shares of Abercrombie & Fitch in the third quarter valued at about $515,000. Crescent Grove Advisors LLC raised its holdings in shares of Abercrombie & Fitch by 19.0% in the fourth quarter. Crescent Grove Advisors LLC now owns 14,284 shares of the apparel retailer’s stock valued at $291,000 after buying an additional 2,284 shares during the last quarter. Swiss National Bank raised its holdings in shares of Abercrombie & Fitch by 0.6% in the fourth quarter. Swiss National Bank now owns 141,000 shares of the apparel retailer’s stock valued at $2,871,000 after buying an additional 900 shares during the last quarter. Ziegler Capital Management LLC raised its holdings in shares of Abercrombie & Fitch by 10.4% in the fourth 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. raised its holdings 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 during the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

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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