Insider Selling: Abercrombie & Fitch Co. (NYSE:ANF) CFO Sells $1,321,200.00 in Stock

Abercrombie & Fitch Co. (NYSE:ANF) CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction on Friday, August 30th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the sale, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $131.04 on Friday. The stock has a 50-day simple moving average of $157.23 and a 200 day simple moving average of $145.86. Abercrombie & Fitch Co. has a twelve month low of $49.24 and a twelve month high of $196.99. The stock has a market capitalization of $6.70 billion, a PE ratio of 16.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 1.44.

Institutional Investors Weigh In On Abercrombie & Fitch

Hedge funds and other institutional investors have recently modified their holdings of the stock. Truist Financial Corp bought a new stake in Abercrombie & Fitch in the 4th quarter valued at $472,000. Russell Investments Group Ltd. lifted its stake in shares of Abercrombie & Fitch by 7.7% in the fourth quarter. Russell Investments Group Ltd. now owns 35,909 shares of the apparel retailer’s stock valued at $3,169,000 after buying an additional 2,557 shares during the period. Natixis Advisors L.P. acquired a new stake in Abercrombie & Fitch during the fourth quarter worth about $988,000. Los Angeles Capital Management LLC increased its stake in Abercrombie & Fitch by 16.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 9,720 shares of the apparel retailer’s stock valued at $857,000 after acquiring an additional 1,365 shares during the period. Finally, National Bank of Canada FI raised its holdings in Abercrombie & Fitch by 1.6% in the 4th quarter. National Bank of Canada FI now owns 8,587 shares of the apparel retailer’s stock valued at $780,000 after acquiring an additional 132 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Friday, August 30th. UBS Group dropped their price objective on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Argus cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. upgraded shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $167.00 to $194.00 in a research note on Monday, July 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $208.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $179.14.

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.