Abercrombie & Fitch (NYSE:ANF) Shares Down 3.8% – Time to Sell?

Abercrombie & Fitch Co. (NYSE:ANF) dropped 3.8% during trading on Tuesday . The stock traded as low as $137.34 and last traded at $137.98. Approximately 146,475 shares traded hands during trading, a decline of 91% from the average daily volume of 1,664,098 shares. The stock had previously closed at $143.42.

Analyst Ratings Changes

ANF has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Jefferies Financial Group upped their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. UBS Group upped their price target on Abercrombie & Fitch from $165.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.43.

Abercrombie & Fitch Stock Down 4.0 %

The firm has a fifty day moving average price of $142.44 and a two-hundred day moving average price of $152.88. The stock has a market capitalization of $6.99 billion, a P/E ratio of 14.49 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.14 by $0.36. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. Sell-side analysts anticipate that Abercrombie & Fitch Co. will post 10.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the transaction, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at $15,627,594. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $131.36, for a total value of $2,501,225.76. Following the transaction, the executive vice president now directly owns 27,985 shares in the company, valued at approximately $3,676,109.60. The trade was a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,541 shares of company stock valued at $4,310,256. Insiders own 2.58% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ANF. State Board of Administration of Florida Retirement System lifted its position in shares of Abercrombie & Fitch by 30.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 18,247 shares of the apparel retailer’s stock valued at $2,287,000 after buying an additional 4,310 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Abercrombie & Fitch by 74.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,746 shares of the apparel retailer’s stock worth $971,000 after purchasing an additional 3,308 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in Abercrombie & Fitch in the 1st quarter worth approximately $1,134,000. CANADA LIFE ASSURANCE Co lifted its holdings in Abercrombie & Fitch by 3.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 67,809 shares of the apparel retailer’s stock worth $8,503,000 after purchasing an additional 2,244 shares in the last quarter. Finally, Hyperion Capital Advisors LP purchased a new position in Abercrombie & Fitch in the 1st quarter worth approximately $257,000.

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.