NEW YORK — It’s been a busy July regarding options trading for Abercrombie & Fitch’s top officer, chairman and chief executive officer Michael Jeffries.
In a series of 17 Form 4 filings with the Securities and Exchange Commission between July 7th and July 12th, Jeffries sold 1.3 million shares of the specialty retailer for between $71.70 and $73.80, or approximately $95 million. He also bought 750,000 shares for between $8 and $23.41, and another 590,664 shares at $23.41 each.
According to the SEC filings, there have been 32 insider trades over the past three months, including 30 sales and the two purchases made by Jeffries.
Earlier this month, Abercrombie & Fitch reported same-store sales for June rose 38 percent. The retailer has been one of the top performing companies in the specialty retail channel over the past several months, as it has delivered double-digit same-store sales.
Shares of Abercrombie & Fitch closed up 0.4 percent on Friday at $70.01.
This story first appeared in the July 18, 2005 issue of WWD. Subscribe Today.