Northwestern Mutual Wealth Management Co. Purchases 624 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Northwestern Mutual Wealth Management Co. raised its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 8,914.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 631 shares of the apparel retailer’s stock after acquiring an additional 624 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Abercrombie & Fitch were worth $112,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Creative Planning lifted its stake in shares of Abercrombie & Fitch by 22.6% in the 2nd quarter. Creative Planning now owns 28,591 shares of the apparel retailer’s stock valued at $5,085,000 after purchasing an additional 5,272 shares during the period. Algert Global LLC lifted its stake in Abercrombie & Fitch by 32.6% in the second quarter. Algert Global LLC now owns 36,409 shares of the apparel retailer’s stock valued at $6,475,000 after buying an additional 8,959 shares during the period. Murchinson Ltd. bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $1,778,000. Driehaus Capital Management LLC grew its position in shares of Abercrombie & Fitch by 283.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer’s stock worth $54,045,000 after buying an additional 224,555 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Abercrombie & Fitch by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,517 shares of the apparel retailer’s stock valued at $5,071,000 after acquiring an additional 1,761 shares in the last quarter.

Insider Buying and Selling

In other news, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was 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 directly owns 37,470 shares of the company’s stock, valued at $5,222,568.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $146.80, for a total value of $1,321,200.00. Following the completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the sale, the director now owns 37,470 shares in the company, valued at approximately $5,222,568.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,541 shares of company stock worth $4,310,256. 2.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ANF shares. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. JPMorgan Chase & Co. increased their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. 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 research note on Thursday, August 29th. Morgan Stanley dropped their price target on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. Finally, Argus cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.71.

Abercrombie & Fitch Trading Up 4.5 %

Shares of Abercrombie & Fitch stock opened at $149.72 on Friday. The stock has a fifty day simple moving average of $144.89 and a 200 day simple moving average of $147.87. Abercrombie & Fitch Co. has a 12-month low of $57.78 and a 12-month high of $196.99. The company has a market capitalization of $7.65 billion, a P/E ratio of 15.86 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 analysts’ consensus estimates 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 net margin of 10.76% and a return on equity of 47.35%. On average, analysts predict that Abercrombie & Fitch Co. will post 10.26 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.