Abercrombie & Fitch Co. (NYSE:ANF) Director Sells $381,990.00 in Stock

Abercrombie & Fitch Co. (NYSE:ANF) Director Kerrii B. Anderson sold 3,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $127.33, for a total value of $381,990.00. Following the completion of the sale, the director now directly owns 45,878 shares in the company, valued at approximately $5,841,645.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Abercrombie & Fitch Trading Down 1.8 %

ANF traded down $2.13 during trading hours on Monday, reaching $116.51. 2,272,227 shares of the company’s stock traded hands, compared to its average volume of 1,693,922. The firm has a 50-day moving average price of $110.34 and a 200 day moving average price of $81.83. The firm has a market capitalization of $5.87 billion, a PE ratio of 18.73 and a beta of 1.59. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.21. Abercrombie & Fitch Co. has a 52-week low of $21.74 and a 52-week high of $140.28.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.14. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. As a group, sell-side analysts predict that Abercrombie & Fitch Co. will post 6.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ANF. BlackRock Inc. increased its position in Abercrombie & Fitch by 2.2% during the 1st quarter. BlackRock Inc. now owns 8,299,726 shares of the apparel retailer’s stock valued at $230,317,000 after purchasing an additional 177,790 shares during the period. Vanguard Group Inc. increased its holdings in Abercrombie & Fitch by 2.4% during the third quarter. Vanguard Group Inc. now owns 6,191,102 shares of the apparel retailer’s stock valued at $348,992,000 after buying an additional 146,384 shares during the period. FMR LLC raised its stake in Abercrombie & Fitch by 12,439.3% in the third quarter. FMR LLC now owns 5,313,894 shares of the apparel retailer’s stock worth $299,544,000 after buying an additional 5,271,516 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Abercrombie & Fitch by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,386,731 shares of the apparel retailer’s stock worth $127,613,000 after buying an additional 114,744 shares during the period. Finally, State Street Corp boosted its position in Abercrombie & Fitch by 2.1% during the 1st quarter. State Street Corp now owns 2,121,400 shares of the apparel retailer’s stock valued at $58,869,000 after acquiring an additional 44,221 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ANF shares. UBS Group boosted their price target on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Telsey Advisory Group restated an “outperform” rating and set a $152.00 target price (up from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. Citigroup increased their price target on shares of Abercrombie & Fitch from $100.00 to $127.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Morgan Stanley increased their price target on Abercrombie & Fitch from $81.00 to $103.00 and gave the company an “equal weight” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company operates through two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Hollister, Gilly Hicks, Social Tourist, Abercrombie & Fitch, and abercrombie kids brands.