Wesbanco Bank Inc. Purchases New Stake in Abercrombie & Fitch Company $ANF

Wesbanco Bank Inc. acquired a new position in Abercrombie & Fitch Company (NYSE:ANF) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,500 shares of the apparel retailer’s stock, valued at approximately $984,000.

Other large investors also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC boosted its stake in shares of Abercrombie & Fitch by 10,469.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock valued at $82,278,000 after purchasing an additional 983,705 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in Abercrombie & Fitch in the second quarter valued at approximately $61,643,000. Norges Bank acquired a new stake in Abercrombie & Fitch during the 2nd quarter worth $61,584,000. Russell Investments Group Ltd. raised its position in shares of Abercrombie & Fitch by 1,089.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 458,614 shares of the apparel retailer’s stock valued at $37,996,000 after acquiring an additional 420,068 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Abercrombie & Fitch by 220.2% in the 2nd quarter. Bank of America Corp DE now owns 606,254 shares of the apparel retailer’s stock worth $50,228,000 after purchasing an additional 416,924 shares during the last quarter.

Insider Transactions at Abercrombie & Fitch

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 29,769 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $100.00, for a total transaction of $2,976,900.00. Following the sale, the chief executive officer directly owned 308,503 shares of the company’s stock, valued at $30,850,300. The trade was a 8.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 350,000 shares of company stock valued at $34,661,358. 2.29% of the stock is currently owned by insiders.

Abercrombie & Fitch Trading Down 0.5%

Shares of NYSE ANF opened at $91.57 on Thursday. The company has a fifty day moving average price of $109.64 and a 200 day moving average price of $93.75. The firm has a market cap of $4.20 billion, a PE ratio of 8.78 and a beta of 1.19. Abercrombie & Fitch Company has a 1-year low of $65.40 and a 1-year high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.22. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.50 earnings per share. Equities research analysts forecast that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley raised their target price on Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Zacks Research upgraded shares of Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Jefferies Financial Group restated a “buy” rating and set a $145.00 price objective on shares of Abercrombie & Fitch in a report on Monday, January 5th. Wall Street Zen raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, UBS Group upped their price objective on shares of Abercrombie & Fitch from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average price target of $124.60.

About Abercrombie & Fitch

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.