Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report) Director Suzanne M. Coulter sold 2,870 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the transaction, the director now directly owns 6,405 shares of the company's stock, valued at approximately $1,024,800. This trade represents a 30.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Abercrombie & Fitch Stock Performance
NYSE ANF opened at $149.99 on Friday. Abercrombie & Fitch Co. has a 52-week low of $76.82 and a 52-week high of $196.99. The company has a market capitalization of $7.66 billion, a P/E ratio of 14.84 and a beta of 1.52. The company has a fifty day moving average of $145.04 and a 200-day moving average of $154.18.
Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $1.83 EPS. The firm's revenue was up 14.4% compared to the same quarter last year. As a group, analysts forecast that Abercrombie & Fitch Co. will post 10.52 EPS for the current fiscal year.
Institutional Trading of Abercrombie & Fitch
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Hedge funds have recently made changes to their positions in the stock. Westfield Capital Management Co. LP purchased a new position in Abercrombie & Fitch in the 3rd quarter worth $73,048,000. Renaissance Technologies LLC increased its position in shares of Abercrombie & Fitch by 146.3% in the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer's stock valued at $153,494,000 after acquiring an additional 512,700 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Abercrombie & Fitch by 2,036.5% in the second quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer's stock valued at $74,615,000 after acquiring an additional 399,922 shares during the period. Driehaus Capital Management LLC increased its position in shares of Abercrombie & Fitch by 283.0% in the second quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer's stock valued at $54,045,000 after acquiring an additional 224,555 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Abercrombie & Fitch by 293.7% in the second quarter. Bank of Montreal Can now owns 286,434 shares of the apparel retailer's stock valued at $51,043,000 after acquiring an additional 213,684 shares during the period.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target 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. UBS Group raised their price target on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Citigroup raised shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price target for the company in a report on Friday, August 30th. Finally, Jefferies Financial Group raised their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and an average target price of $178.38.
Read Our Latest Stock Analysis on ANF
About Abercrombie & Fitch
(
Get Free Report)
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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