Arrowstreet Capital is Buying Abercrombie & Fitch Co (NYSE:ANF) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Abercrombie & Fitch Co (NYSE:ANF) reported that Arrowstreet Capital has picked up 2,491,145 of common stock as of 2017-03-20.

The acquisition brings the aggregate amount owned by Arrowstreet Capital to a total of 2,491,145 representing a 3.7% stake in the company.

For those not familiar with the company, Abercrombie & Fitch Co. (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands. Its segments include Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister. A&F operates approximately 750 stores in the United States and over 180 stores outside of the United States. It operates Websites for each brand, both domestically and internationally. The Websites are available in over 10 languages, accepting over 30 currencies and shipping to over 120 countries. It sources merchandise through over 150 vendors located throughout the world, primarily in Asia and Central America.

A glance at Abercrombie & Fitch Co (NYSE:ANF)’s key stats reveals a current market capitalization of 785.84 Million based on 67.67 Million shares outstanding and a price at last close of $11.67 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-09-08, Horowitz picked up 15,000 at a purchase price of $17.32. This brings their total holding to 44,701 as of the date of the filing.

On the sell side, the most recent transaction saw Chang unload 7,600 shares at a sale price of $32.05. This brings their total holding to 35,014.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Abercrombie & Fitch Co (NYSE:ANF) as things move forward to see if its progress aligns with these transactions.

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