Abercrombie & Fitch Co. (NYSE:ANF) CFO Sells $1,321,200.00 in Stock

Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report) CFO Scott D. Lipesky sold 9,000 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the transaction, the chief financial officer now owns 106,455 shares of the company's stock, valued at $15,627,594. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Abercrombie & Fitch Price Performance

NYSE ANF traded down $3.28 during trading hours on Wednesday, hitting $139.66. 1,581,558 shares of the company's stock traded hands, compared to its average volume of 1,712,053. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.44 and a quick ratio of 1.15. The firm's 50-day moving average is $159.55 and its 200-day moving average is $145.89. Abercrombie & Fitch Co. has a 52-week low of $49.24 and a 52-week high of $196.99. The company has a market capitalization of $7.14 billion, a PE ratio of 17.33 and a beta of 1.54.

Analysts Set New Price Targets

A number of research firms have recently commented on ANF. JPMorgan Chase & Co. upgraded Abercrombie & Fitch from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $167.00 to $194.00 in a research report on Monday, July 22nd. Jefferies Financial Group boosted their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday. Argus downgraded shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a report on Thursday, July 11th. Citigroup raised shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a research note on Friday, August 30th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $208.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of "Moderate Buy" and an average price target of $179.14.

Institutional Investors Weigh In On Abercrombie & Fitch

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in Abercrombie & Fitch by 146.3% during the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer's stock worth $153,494,000 after buying an additional 512,700 shares during the last quarter. Norges Bank acquired a new position in shares of Abercrombie & Fitch during the 4th quarter valued at about $37,632,000. Assenagon Asset Management S.A. grew its holdings in shares of Abercrombie & Fitch by 2,036.5% in the second quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer's stock valued at $74,615,000 after purchasing an additional 399,922 shares during the period. Hennessy Advisors Inc. acquired a new stake in Abercrombie & Fitch during the fourth quarter worth about $32,897,000. Finally, Jupiter Asset Management Ltd. raised its stake in Abercrombie & Fitch by 613.3% during the first quarter. Jupiter Asset Management Ltd. now owns 356,610 shares of the apparel retailer's stock worth $44,694,000 after purchasing an additional 306,616 shares during the period.

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.

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