In a recent transaction on May 31, Sarah M. Gallagher, a director at Abercrombie & Fitch Co. (NYSE:ANF), sold 2,800 shares of the company's Class A Common Stock, totaling over $478,000. The shares were sold at a weighted average price of $170.91, with individual sale prices ranging from $170.89 to $170.96.
This sale has brought Gallagher's ownership in the company to zero, according to the latest filing with the Securities and Exchange Commission. The disclosed transaction prices provide a glimpse into the trading range for Abercrombie & Fitch's stock on the day of the sale.
Abercrombie & Fitch Co., known for its retail clothing stores, is incorporated in Delaware and has its business headquarters in New Albany, Ohio. The company operates under the standard industrial classification of retail-family clothing stores.
Transactions like these are common among corporate executives and are publicly reported to ensure transparency for investors and regulatory bodies. The details, including the exact number of shares sold at each price, are available upon request by the SEC staff, the issuer, or a security holder of the issuer.
Investors often monitor such insider transactions as part of their due diligence and investment strategy. The sale by Gallagher might be of interest to current and potential shareholders keeping an eye on the company's insider activity.
InvestingPro Insights
Amid recent insider transactions at Abercrombie & Fitch Co. (NYSE:ANF), investors are closely watching the company's performance metrics. According to InvestingPro data, Abercrombie & Fitch boasts an impressive gross profit margin of 62.92% over the last twelve months as of Q4 2024, highlighting the company's ability to maintain profitability in its retail operations.
The company's stock has also experienced significant movement, with a one-year price total return of 433.49% as of a recent date in 2024. This substantial return, coupled with a 31.76% price total return over the past month, indicates strong short-term performance that may interest investors looking for growth potential.
Among the InvestingPro Tips for Abercrombie & Fitch, it's noteworthy that six analysts have revised their earnings upwards for the upcoming period, signaling a positive outlook on the company's financial prospects. Additionally, the company's cash flows can sufficiently cover its interest payments, suggesting a stable financial position in terms of its debt obligations. For investors seeking more comprehensive analysis, there are 18 additional InvestingPro Tips available, which can be accessed with a special offer: use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
The market cap of Abercrombie & Fitch stands at $8.67 billion USD, reflecting the size and scale of the company within the retail clothing industry. With the next earnings date slated for August 22, 2024, investors and analysts alike will be anticipating further insights into the company's financial health and strategic direction.
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