Abercrombie & Fitch Co. (NYSE:ANF) Director Sells 4,120 Shares

Abercrombie & Fitch Co. (NYSE:ANFGet Free Report) Director James A. Goldman sold 4,120 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $176.48, for a total transaction of $727,097.60. Following the sale, the director now directly owns 7,565 shares in the company, valued at approximately $1,335,071.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Abercrombie & Fitch Trading Down 3.4 %

NYSE:ANF traded down $5.93 on Tuesday, reaching $169.73. The company’s stock had a trading volume of 1,285,040 shares, compared to its average volume of 1,660,059. The firm has a market cap of $8.67 billion, a PE ratio of 21.87 and a beta of 1.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 1.64. The business’s 50-day moving average price is $131.13 and its two-hundred day moving average price is $112.57. Abercrombie & Fitch Co. has a 1-year low of $31.06 and a 1-year high of $196.99.

Abercrombie & Fitch (NYSE:ANFGet Free Report) last posted its earnings results on Wednesday, May 29th. The apparel retailer reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.48. Abercrombie & Fitch had a return on equity of 44.83% and a net margin of 9.53%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $967.37 million. During the same period in the prior year, the business earned $0.39 EPS. Abercrombie & Fitch’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities research analysts anticipate that Abercrombie & Fitch Co. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ANF has been the subject of several research analyst reports. Argus boosted their price objective on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Citigroup increased their price objective on shares of Abercrombie & Fitch from $150.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $152.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, May 29th. StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Finally, UBS Group raised their price target on Abercrombie & Fitch from $155.00 to $193.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Abercrombie & Fitch has an average rating of “Moderate Buy” and an average price target of $174.14.

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Institutional Investors Weigh In On Abercrombie & Fitch

Several institutional investors have recently added to or reduced their stakes in ANF. Tactive Advisors LLC acquired a new stake in Abercrombie & Fitch in the 1st quarter valued at approximately $364,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of Abercrombie & Fitch by 64.4% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 26,944 shares of the apparel retailer’s stock worth $3,377,000 after acquiring an additional 10,556 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Abercrombie & Fitch in the first quarter valued at approximately $674,000. Cetera Investment Advisers lifted its position in shares of Abercrombie & Fitch by 209.2% in the first quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock worth $6,097,000 after purchasing an additional 32,915 shares in the last quarter. Finally, Comerica Bank boosted its holdings in Abercrombie & Fitch by 34.3% during the first quarter. Comerica Bank now owns 57,699 shares of the apparel retailer’s stock worth $7,231,000 after purchasing an additional 14,736 shares during the last quarter.

About Abercrombie & Fitch

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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.

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Insider Buying and Selling by Quarter for Abercrombie & Fitch (NYSE:ANF)

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