Abercrombie & Fitch Co. (NYSE:ANF) CFO Scott D. Lipesky Sells 7,500 Shares of Stock

Posted by Defense World Staff on Jul 14th, 2023

Abercrombie & Fitch Co. (NYSE:ANF – Get Free Report) CFO Scott D. Lipesky sold 7,500 shares of the stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $36.00, for a total value of $270,000.00. Following the transaction, the chief financial officer now owns 139,418 shares in the company, valued at $5,019,048. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Abercrombie & Fitch Price Performance

ANF stock opened at $33.98 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.86 and a current ratio of 1.44. Abercrombie & Fitch Co. has a 1 year low of $14.02 and a 1 year high of $38.21. The firm has a market cap of $1.70 billion, a P/E ratio of 48.54 and a beta of 1.49. The stock has a 50-day simple moving average of $31.69 and a 200-day simple moving average of $28.49.

Abercrombie & Fitch (NYSE:ANF – Get Free Report) last posted its earnings results on Wednesday, May 24th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.41. Abercrombie & Fitch had a return on equity of 6.82% and a net margin of 0.96%. The business had revenue of $836.00 million during the quarter, compared to analyst estimates of $814.93 million. During the same quarter last year, the firm earned ($0.27) earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts predict that Abercrombie & Fitch Co. will post 2.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Abercrombie & Fitch

Hedge funds have recently bought and sold shares of the business. Cerity Partners LLC acquired a new stake in Abercrombie & Fitch during the 1st quarter valued at approximately $1,056,000. Quarry LP acquired a new stake in Abercrombie & Fitch during the 1st quarter valued at approximately $29,000. Advisory Services Network LLC grew its stake in Abercrombie & Fitch by 985.0% during the 1st quarter. Advisory Services Network LLC now owns 1,085 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 985 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Abercrombie & Fitch by 1,051.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,221 shares of the apparel retailer’s stock valued at $28,000 after purchasing an additional 1,115 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in Abercrombie & Fitch during the 1st quarter valued at approximately $95,000. Institutional investors and hedge funds own 99.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ANF shares. Jefferies Financial Group reduced their target price on Abercrombie & Fitch from $35.00 to $30.00 in a research report on Tuesday, May 9th. Argus upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Monday, June 12th. UBS Group raised their price objective on Abercrombie & Fitch from $28.00 to $32.00 in a report on Thursday, May 25th. Citigroup raised their price objective on Abercrombie & Fitch from $24.00 to $33.00 in a report on Thursday, May 25th. Finally, StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.50.

Abercrombie & Fitch Company Profile

(Get Free Report)

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.