Helen Mccluskey Sells 3,500 Shares of Abercrombie & Fitch Co. (NYSE:ANF) Stock

Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report) Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the transaction, the director now directly owns 37,470 shares of the company's stock, valued at approximately $5,222,568.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Abercrombie & Fitch Trading Down 4.9 %

ANF stock traded down $6.79 during midday trading on Friday, hitting $131.04. The company had a trading volume of 2,254,251 shares, compared to its average volume of 1,714,116. The company has a current ratio of 1.44, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20. Abercrombie & Fitch Co. has a 52 week low of $49.24 and a 52 week high of $196.99. The stock's 50 day moving average price is $158.17 and its 200 day moving average price is $145.79. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 16.64 and a beta of 1.50.

Hedge Funds Weigh In On Abercrombie & Fitch

Several hedge funds have recently made changes to their positions in ANF. Matrix Trust Co purchased a new position in shares of Abercrombie & Fitch during the second quarter valued at approximately $35,000. Spire Wealth Management lifted its position in Abercrombie & Fitch by 51.4% during the first quarter. Spire Wealth Management now owns 315 shares of the apparel retailer's stock valued at $39,000 after buying an additional 107 shares during the period. 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 valued at $50,000 after buying an additional 170 shares in the last quarter. USA Financial Formulas grew its position in shares of Abercrombie & Fitch by 1,227.7% in the 4th quarter. USA Financial Formulas now owns 863 shares of the apparel retailer's stock worth $76,000 after buying an additional 798 shares during the period. Finally, CWM LLC increased its stake in shares of Abercrombie & Fitch by 242.6% in the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer's stock worth $94,000 after acquiring an additional 376 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ANF shares. Citigroup upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Friday, August 30th. Telsey Advisory Group restated an "outperform" rating and issued a $208.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, August 28th. JPMorgan Chase & Co. upgraded Abercrombie & Fitch from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $167.00 to $194.00 in a research report on Monday, July 22nd. Morgan Stanley dropped their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating for the company in a research report on Thursday, August 29th. Finally, Argus downgraded Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Abercrombie & Fitch currently has an average rating of "Moderate Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.