Abercrombie & Fitch Company (NYSE:ANF) was the target of unusually large options trading activity on Wednesday. Traders purchased 3,302 put options on the stock. This is an increase of 1,051% compared to the average daily volume of 287 put options.
Institutional investors and hedge funds have recently bought and sold shares of the business. Commerzbank Aktiengesellschaft FI increased its position in Abercrombie & Fitch by 44.7% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 336,947 shares of the apparel retailer’s stock valued at $4,192,000 after acquiring an additional 104,009 shares in the last quarter. Eqis Capital Management Inc. increased its position in Abercrombie & Fitch by 84.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 544,148 shares of the apparel retailer’s stock valued at $6,769,000 after acquiring an additional 249,139 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Abercrombie & Fitch by 94.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 64,668 shares of the apparel retailer’s stock valued at $771,000 after acquiring an additional 31,404 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in Abercrombie & Fitch in the 2nd quarter valued at about $18,038,000. Finally, Robeco Institutional Asset Management B.V. increased its position in Abercrombie & Fitch by 16.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,211,060 shares of the apparel retailer’s stock valued at $17,489,000 after acquiring an additional 170,852 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.
Shares of Abercrombie & Fitch (ANF) opened at $11.82 on Friday. The company has a quick ratio of 1.21, a current ratio of 2.16 and a debt-to-equity ratio of 0.27.
Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.17. The firm had revenue of $779.00 million during the quarter, compared to analysts’ expectations of $758.57 million. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.25) EPS. analysts expect that Abercrombie & Fitch will post -0.01 earnings per share for the current fiscal year.
A number of analysts have weighed in on the stock. Deutsche Bank AG reduced their price target on shares of Abercrombie & Fitch to $9.00 and set a “sell” rating for the company in a report on Monday, July 10th. Vetr raised shares of Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating and set a $12.64 price target for the company in a report on Monday, July 10th. Jefferies Group LLC set a $13.00 price target on shares of Abercrombie & Fitch and gave the company a “hold” rating in a report on Monday, July 10th. William Blair reissued an “outperform” rating on shares of Abercrombie & Fitch in a report on Monday, July 17th. Finally, Zacks Investment Research downgraded shares of Abercrombie & Fitch from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Seven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Abercrombie & Fitch currently has an average rating of “Hold” and a consensus price target of $12.24.
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Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
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