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 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,756 shares of the apparel retailer’s stock after purchasing an additional 3,978 shares during the quarter. Nordea Investment Management AB owned about 0.05% of Abercrombie & Fitch worth $4,024,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Everence Capital Management Inc. acquired a new position in Abercrombie & Fitch in the 4th quarter valued at $212,000. Mutual of America Capital Management LLC raised its holdings in Abercrombie & Fitch by 228.9% during the third quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer’s stock worth $3,864,000 after purchasing an additional 19,222 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Abercrombie & Fitch by 8.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 112,381 shares of the apparel retailer’s stock worth $19,986,000 after buying an additional 9,061 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Abercrombie & Fitch by 115.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 25,483 shares of the apparel retailer’s stock valued at $3,565,000 after purchasing an additional 13,677 shares in the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of Abercrombie & Fitch in the third quarter valued at approximately $3,027,000.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $161.54 on Friday. Abercrombie & Fitch Co. has a 1-year low of $95.47 and a 1-year high of $196.99. The firm has a market capitalization of $8.14 billion, a P/E ratio of 15.98 and a beta of 1.52. The business’s 50-day simple moving average is $147.39 and its 200-day simple moving average is $150.37.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $1.83 earnings per share. Abercrombie & Fitch’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities research analysts expect that Abercrombie & Fitch Co. will post 10.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. StockNews.com downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Morgan Stanley lifted their target price on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their price target for the stock from $173.00 to $220.00 in a research note on Friday. Raymond James started coverage on Abercrombie & Fitch in a research report on Friday, December 6th. They issued an “outperform” rating and a $180.00 price objective for the company. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and an average target price of $185.38.

Insider Buying and Selling

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the company’s stock in a transaction that occurred on 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 owns 22,059 shares in the company, valued at $3,275,982.09. This represents a 21.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch stock in a transaction that occurred on 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 in the company, valued at $1,024,800. This represents a 30.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,401 shares of company stock valued at $2,631,741. Company insiders own 2.58% of the company’s stock.

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.