Abercrombie & Fitch Co. (NYSE:ANF) COO Sells $1,292,471.00 in Stock

Abercrombie & Fitch Co. (NYSE:ANF) COO Scott D. Lipesky sold 8,605 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the completion of the sale, the chief operating officer now directly owns 97,850 shares in the company, valued at $14,697,070. This represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Abercrombie & Fitch Trading Down 1.5 %

Shares of ANF stock opened at $154.97 on Wednesday. The firm has a market capitalization of $7.92 billion, a P/E ratio of 15.33 and a beta of 1.52. The firm’s fifty day moving average price is $144.31 and its two-hundred day moving average price is $154.02. Abercrombie & Fitch Co. has a 1 year low of $75.69 and a 1 year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 EPS. As a group, equities research analysts forecast that Abercrombie & Fitch Co. will post 10.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Matrix Trust Co acquired a new position in shares of Abercrombie & Fitch during the 2nd quarter worth about $35,000. Farther Finance Advisors LLC grew its stake in Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 123 shares during the last quarter. Quarry LP grew its stake in Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after buying an additional 170 shares during the last quarter. Private Trust Co. NA grew its stake in Abercrombie & Fitch by 604.4% in the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after buying an additional 272 shares during the last quarter. Finally, CWM LLC grew its stake in Abercrombie & Fitch by 242.6% in the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after buying an additional 376 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently commented on ANF. JPMorgan Chase & Co. boosted their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Jefferies Financial Group boosted their price objective on shares of 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 reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Tuesday, November 26th. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, August 30th. Finally, Morgan Stanley lifted their price target on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $178.14.

Abercrombie & Fitch Company Profile

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.