Abercrombie & Fitch (NYSE:ANF) EVP Jay Rust Sells 1,500 Shares

Key Points

• Jay Rust, the Executive Vice President of Abercrombie & Fitch, sold $139,725 worth of stock, reducing their ownership by 18.41% to 6,648 shares.
• The company reported a quarterly earnings of $2.32 EPS, exceeding estimates, and achieved a revenue of $1.21 billion, up 6.6% from the previous year.
• Abercrombie & Fitch's stock currently has a consensus rating of "Moderate Buy", with an average price target of $115.25 from analysts.

Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) EVP Jay Rust sold 1,500 shares of the company's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $93.15, for a total value of $139,725.00. Following the sale, the executive vice president owned 6,648 shares in the company, valued at $619,261.20. The trade was a 18.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Abercrombie & Fitch Stock Performance

ANF traded up $1.80 on Friday, hitting $95.28. 1,661,672 shares of the company were exchanged, compared to its average volume of 2,118,315. Abercrombie & Fitch Company has a 12 month low of $65.40 and a 12 month high of $167.71. The company has a market cap of $4.54 billion, a PE ratio of 9.01 and a beta of 1.44. The stock's fifty day moving average is $94.46 and its 200-day moving average is $84.13.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.05. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 40.02% and a net margin of 10.61%.Abercrombie & Fitch's revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.50 earnings per share. 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, equities research analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Abercrombie & Fitch

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its stake in shares of Abercrombie & Fitch by 13.5% in the 2nd quarter. Osaic Holdings Inc. now owns 9,551 shares of the apparel retailer's stock valued at $791,000 after acquiring an additional 1,133 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of Abercrombie & Fitch by 2.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 19,660 shares of the apparel retailer's stock valued at $1,629,000 after acquiring an additional 425 shares during the last quarter. Marex Group plc bought a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at $2,097,000. State of Wyoming bought a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at $549,000. Finally, Hollencrest Capital Management lifted its stake in shares of Abercrombie & Fitch by 100.0% in the 2nd quarter. Hollencrest Capital Management now owns 2,000 shares of the apparel retailer's stock valued at $166,000 after acquiring an additional 1,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

ANF has been the topic of a number of recent analyst reports. Barclays set a $84.00 price target on Abercrombie & Fitch and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Morgan Stanley set a $93.00 price target on Abercrombie & Fitch in a research report on Thursday, August 28th. JPMorgan Chase & Co. decreased their target price on Abercrombie & Fitch from $151.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, Raymond James Financial set a $105.00 target price on Abercrombie & Fitch and gave the company an "outperform" rating in a research report on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $115.25.

Abercrombie & Fitch Company Profile

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.