Wedge Capital Management L L P NC Acquires 97,893 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Wedge Capital Management L L P NC raised its stake in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 37.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 362,479 shares of the apparel retailer’s stock after purchasing an additional 97,893 shares during the period. Wedge Capital Management L L P NC owned 0.71% of Abercrombie & Fitch worth $50,711,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Matrix Trust Co bought a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at $35,000. Quarry LP raised its holdings in shares of Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after purchasing an additional 170 shares during the period. CWM LLC increased its position in Abercrombie & Fitch by 242.6% in the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after buying an additional 376 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Abercrombie & Fitch by 39.2% in the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock worth $110,000 after acquiring an additional 222 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Abercrombie & Fitch by 8,914.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock valued at $112,000 after acquiring an additional 624 shares in the last quarter.

Insider Activity

In related news, CFO Scott D. Lipesky sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $146.80, for a total value of $1,321,200.00. Following the completion of the transaction, the chief financial officer now directly owns 106,455 shares in the company, valued at $15,627,594. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Helen Mccluskey sold 3,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the sale, the director now owns 37,470 shares of the company’s stock, valued at $5,222,568.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Scott D. Lipesky sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the sale, the chief financial officer now owns 106,455 shares of the company’s stock, valued at $15,627,594. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,541 shares of company stock worth $4,310,256 over the last three months. 3.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on ANF shares. Morgan Stanley lowered their price objective on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Friday, August 30th. UBS Group reduced their target price on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Argus downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and an average price target of $176.71.

Abercrombie & Fitch Stock Up 2.7 %

Shares of ANF traded up $4.08 during mid-day trading on Monday, hitting $153.83. 558,206 shares of the company’s stock traded hands, compared to its average volume of 1,701,983. The business’s 50-day moving average price is $144.89 and its 200-day moving average price is $148.23. Abercrombie & Fitch Co. has a 1 year low of $57.78 and a 1 year high of $196.99. The firm has a market capitalization of $7.86 billion, a P/E ratio of 18.79 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.36. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. Sell-side analysts anticipate that Abercrombie & Fitch Co. will post 10.26 earnings per share for the current fiscal 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.