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

Abercrombie & Fitch Co. (NYSE:ANF) EVP Samir Desai sold 19,041 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Abercrombie & Fitch Stock Down 2.5 %

Abercrombie & Fitch stock opened at $129.91 on Wednesday. Abercrombie & Fitch Co. has a fifty-two week low of $49.24 and a fifty-two week high of $196.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.93 and a current ratio of 1.44. The firm’s 50-day simple moving average is $155.14 and its 200 day simple moving average is $146.40. The stock has a market cap of $6.64 billion, a PE ratio of 16.16 and a beta of 1.50.

Wall Street Analysts Forecast Growth

ANF has been the topic of a number of recent research reports. UBS Group cut their target price on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Jefferies Financial Group raised their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Argus downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $208.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. upgraded Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $167.00 to $194.00 in a research note on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $179.14.

Hedge Funds Weigh In On Abercrombie & Fitch

Hedge funds have recently modified their holdings of the company. Truist Financial Corp purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $472,000. Russell Investments Group Ltd. increased its position in shares of Abercrombie & Fitch by 7.7% during the 4th quarter. Russell Investments Group Ltd. now owns 35,909 shares of the apparel retailer’s stock valued at $3,169,000 after purchasing an additional 2,557 shares during the last quarter. Natixis Advisors L.P. bought a new stake in shares of Abercrombie & Fitch during the 4th quarter worth $988,000. National Bank of Canada FI boosted its holdings in shares of Abercrombie & Fitch by 1.6% in the 4th quarter. National Bank of Canada FI now owns 8,587 shares of the apparel retailer’s stock worth $780,000 after buying an additional 132 shares during the last quarter. Finally, USA Financial Formulas increased its holdings in Abercrombie & Fitch by 1,227.7% during the fourth 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 last quarter.

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.