Abercrombie & Fitch Co. (NYSE:ANF) EVP Samir Desai Sells 19,041 Shares

Abercrombie & Fitch Co. (NYSE:ANF) EVP Samir Desai sold 19,041 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $131.36, for a total value of $2,501,225.76. Following the sale, the executive vice president now directly owns 27,985 shares in the company, valued at approximately $3,676,109.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Abercrombie & Fitch Trading Down 2.5 %

NYSE:ANF opened at $129.91 on Wednesday. Abercrombie & Fitch Co. has a 52 week low of $49.24 and a 52 week high of $196.99. The firm’s fifty day moving average is $155.14 and its 200-day moving average is $146.40. The firm has a market cap of $6.64 billion, a P/E ratio of 16.16 and a beta of 1.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.93 and a current ratio of 1.44.

Institutional Trading of Abercrombie & Fitch

A number of institutional investors have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Abercrombie & Fitch by 9.6% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 29,523 shares of the apparel retailer’s stock valued at $5,250,000 after purchasing an additional 2,579 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in Abercrombie & Fitch in the second quarter valued at approximately $908,000. Quarry LP boosted its holdings in shares of Abercrombie & Fitch by 156.0% during the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after buying an additional 170 shares in the last quarter. Invst LLC acquired a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $523,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Abercrombie & Fitch by 8,914.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock valued at $112,000 after acquiring an additional 624 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have commented on ANF. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Friday, August 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $208.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, August 28th. UBS Group decreased their price target on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. upgraded shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $167.00 to $194.00 in a report on Monday, July 22nd. Finally, Jefferies Financial Group increased their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.