Abercrombie & Fitch (NYSE:ANF) Director Sells $487,824.96 in Stock

Key Points

• Director James Goldman of Abercrombie & Fitch sold $487,824.96 worth of stock, decreasing his position by 40.14% with a total of 7,565 shares remaining.
• Abercrombie & Fitch reported earnings of $2.32 per share for the last quarter, exceeding estimates and marking a 6.6% year-over-year revenue increase.
• Analysts have given Abercrombie & Fitch an average rating of "Moderate Buy" with a price target of $115.25, indicating positive market sentiment.

Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) Director James Goldman sold 5,072 shares of the business's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $96.18, for a total transaction of $487,824.96. Following the completion of the transaction, the director directly owned 7,565 shares of the company's stock, valued at $727,601.70. The trade was a 40.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Abercrombie & Fitch Stock Performance

ANF stock traded up $0.29 during trading on Wednesday, hitting $92.22. The stock had a trading volume of 1,546,668 shares, compared to its average volume of 2,444,809. The company's 50 day moving average price is $93.69 and its two-hundred day moving average price is $84.57. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $167.71. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 8.73 and a beta of 1.44.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.05. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $2.50 EPS. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. As a group, sell-side analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ANF. Citigroup reaffirmed a "neutral" rating and set a $105.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, August 20th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, August 27th. UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Barclays set a $84.00 price objective on shares of Abercrombie & Fitch and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Finally, Raymond James Financial set a $105.00 price objective on shares of Abercrombie & Fitch and gave the company an "outperform" rating in a research note on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and an average price target of $115.25.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ANF. NewEdge Advisors LLC boosted its holdings in Abercrombie & Fitch by 181.6% in the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer's stock worth $29,000 after acquiring an additional 227 shares during the period. Ameritas Advisory Services LLC purchased a new position in Abercrombie & Fitch in the 2nd quarter worth approximately $38,000. UMB Bank n.a. boosted its holdings in Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after acquiring an additional 360 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Abercrombie & Fitch by 392.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the apparel retailer's stock worth $59,000 after acquiring an additional 569 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after acquiring an additional 260 shares during the period.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.

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