Abercrombie & Fitch Co. (NYSE:ANF) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB lifted its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 17.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,756 shares of the apparel retailer’s stock after buying an additional 3,978 shares during the quarter. Nordea Investment Management AB’s holdings in Abercrombie & Fitch were worth $4,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in ANF. Farther Finance Advisors LLC lifted its holdings in Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after buying an additional 123 shares during the last quarter. Quarry LP raised its position in shares of Abercrombie & Fitch by 156.0% during the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after acquiring an additional 170 shares in the last quarter. Private Trust Co. NA lifted its stake in Abercrombie & Fitch by 604.4% during the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 272 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Abercrombie & Fitch by 8,914.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after purchasing an additional 624 shares during the period. Finally, Plato Investment Management Ltd increased its stake in Abercrombie & Fitch by 66.1% during the second quarter. Plato Investment Management Ltd now owns 741 shares of the apparel retailer’s stock valued at $132,000 after purchasing an additional 295 shares during the last quarter.

Insider Activity

In other news, COO Scott D. Lipesky sold 8,605 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now directly owns 97,850 shares of the company’s stock, valued at $14,697,070. This represents a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Samir Desai sold 5,926 shares of Abercrombie & Fitch stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the completion of the transaction, the executive vice president now directly owns 22,059 shares in the company, valued at $3,275,982.09. This represents a 21.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ANF shares. StockNews.com lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Telsey Advisory Group restated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Tuesday, November 26th. Morgan Stanley increased their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Finally, UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $173.00 to $220.00 in a report on Friday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $185.38.

Abercrombie & Fitch Stock Up 6.5 %

ANF stock opened at $161.54 on Friday. The company has a 50-day simple moving average of $147.39 and a 200 day simple moving average of $150.37. The company has a market capitalization of $8.14 billion, a P/E ratio of 15.98 and a beta of 1.52. Abercrombie & Fitch Co. has a fifty-two week low of $95.47 and a fifty-two week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business posted $1.83 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities analysts anticipate that Abercrombie & Fitch Co. will post 10.61 EPS for the current year.

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.