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 firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 97,850 shares in the company, valued at approximately $14,697,070. This represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $149.99 on Friday. The company has a 50 day simple moving average of $145.04 and a 200 day simple moving average of $154.18. Abercrombie & Fitch Co. has a 1 year low of $76.82 and a 1 year high of $196.99. The firm has a market cap of $7.66 billion, a PE ratio of 14.84 and a beta of 1.52.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Matrix Trust Co bought a new position in shares of Abercrombie & Fitch during the second quarter worth about $35,000. Farther Finance Advisors LLC increased its position in Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 123 shares during the period. Private Trust Co. NA raised its holdings in Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 272 shares during the last quarter. Quarry LP lifted its position in shares of Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 170 shares during the period. Finally, CWM LLC boosted its stake in shares of 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 purchasing an additional 376 shares during the last quarter.

Analysts Set New Price Targets

Several research firms recently issued reports on ANF. Morgan Stanley increased their price target on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Citigroup raised 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. Jefferies Financial Group lifted their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 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 research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and an average price target 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.