Abercrombie & Fitch (NYSE:ANF) Stock Price Down 4.7% – Should You Sell?

Abercrombie & Fitch Co. (NYSE:ANF)’s stock price dropped 4.7% on Thursday . The stock traded as low as $123.23 and last traded at $122.54. Approximately 1,108,158 shares traded hands during trading, a decline of 54% from the average daily volume of 2,422,377 shares. The stock had previously closed at $128.57.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Raymond James dropped their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. Morgan Stanley decreased their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.25.

Abercrombie & Fitch Stock Down 0.6 %

The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 12.21 and a beta of 1.52. The business has a fifty day simple moving average of $145.60 and a two-hundred day simple moving average of $146.93.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the business posted $1.83 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. As a group, equities analysts predict that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total transaction of $459,200.00. Following the sale, the director now owns 6,405 shares of the company’s stock, valued at $1,024,800. This represents a 30.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Scott D. Lipesky sold 8,605 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the completion of the transaction, the chief operating officer now directly owns 97,850 shares of the company’s stock, valued at approximately $14,697,070. This represents a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock worth $2,631,741 over the last ninety days. Corporate insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Several hedge funds and other institutional investors have recently made changes to their positions in ANF. Geode Capital Management LLC lifted its stake in shares of Abercrombie & Fitch by 5.5% during the third quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer’s stock valued at $171,815,000 after acquiring an additional 63,157 shares during the period. Wellington Management Group LLP grew its position in shares of Abercrombie & Fitch by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock worth $142,379,000 after buying an additional 204,901 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Abercrombie & Fitch by 7.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer’s stock worth $121,733,000 after buying an additional 60,022 shares during the period. Fisher Asset Management LLC raised its stake in shares of Abercrombie & Fitch by 3.0% during the third quarter. Fisher Asset Management LLC now owns 569,828 shares of the apparel retailer’s stock worth $79,719,000 after buying an additional 16,754 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in Abercrombie & Fitch in the third quarter valued at approximately $73,048,000.

Abercrombie & Fitch Company Profile

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.