Abercrombie & Fitch (NYSE:ANF) Shares Down 7.6%

Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report) shares were down 7.6% on Monday . The company traded as low as $124.20 and last traded at $124.76. Approximately 1,102,155 shares traded hands during trading, a decline of 35% from the average daily volume of 1,692,325 shares. The stock had previously closed at $134.97.

Wall Street Analyst Weigh In

ANF has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. UBS Group boosted their price target on Abercrombie & Fitch from $98.00 to $130.00 and gave the company a "neutral" rating in a report on Monday, February 26th. Telsey Advisory Group reiterated an "outperform" rating and issued a $152.00 price target (up from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. Morgan Stanley boosted their price objective on Abercrombie & Fitch from $81.00 to $103.00 and gave the company an "equal weight" rating in a research report on Thursday, March 7th. Finally, Citigroup increased their price target on Abercrombie & Fitch from $100.00 to $127.00 and gave the company a "neutral" rating in a research note on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $110.00.

Abercrombie & Fitch Stock Down 10.2 %

The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 19.48 and a beta of 1.59. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.21. The company's 50 day moving average price is $116.78 and its 200 day moving average price is $86.70.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.14. Abercrombie & Fitch had a return on equity of 38.80% and a net margin of 7.67%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the business earned $0.81 EPS. The company's quarterly revenue was up 21.1% compared to the same quarter last year. As a group, research analysts forecast that Abercrombie & Fitch Co. will post 7.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Scott D. Lipesky sold 50,000 shares of the business's stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $96.24, for a total value of $4,812,000.00. Following the completion of the transaction, the chief financial officer now owns 116,987 shares of the company's stock, valued at approximately $11,258,828.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Scott D. Lipesky sold 50,000 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $96.24, for a total transaction of $4,812,000.00. Following the sale, the chief financial officer now directly owns 116,987 shares of the company's stock, valued at $11,258,828.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jay Rust sold 786 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $125.41, for a total transaction of $98,572.26. Following the sale, the executive vice president now directly owns 1,014 shares in the company, valued at $127,165.74. The disclosure for this sale can be found here. Insiders sold a total of 288,786 shares of company stock valued at $32,608,812 over the last 90 days. Insiders own 3.77% of the company's stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new stake in Abercrombie & Fitch in the 4th quarter worth about $25,000. Quarry LP acquired a new stake in Abercrombie & Fitch during the 1st quarter worth $29,000. Advisory Services Network LLC grew its holdings in shares of Abercrombie & Fitch by 985.0% during the first quarter. Advisory Services Network LLC now owns 1,085 shares of the apparel retailer's stock worth $30,000 after buying an additional 985 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Abercrombie & Fitch in the third quarter valued at about $31,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of Abercrombie & Fitch in the fourth quarter worth about $33,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company operates through two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Hollister, Gilly Hicks, Social Tourist, Abercrombie & Fitch, and abercrombie kids brands.