Stock traders buy high volume call options on Abercrombie & Fitch (NYSE:ANF)
Abercrombie & Fitch Co. (NYSE:ANF – Get Rating) was the target of unusually large options trades on Monday. Traders acquired 5,222 call options on the company. This is a 57% increase from the average volume of 3,331 call options.
Abercrombie & Fitch Stock Performance
ANF opened at $19.79 on Tuesday. The company has a market capitalization of $998.35 million, a P/E ratio of 6.07 and a beta of 1.44. Abercrombie & Fitch has a 52-week low of $16.24 and a 52-week high of $48.97. The company has a debt ratio of 0.43, a quick ratio of 0.76 and a current ratio of 1.42. The company’s 50-day moving average is $18.22 and its 200-day moving average is $27.64.
Abercrombie & Fitch (NYSE:ANF – Get Rating) last reported quarterly earnings data on Tuesday, May 24. The clothing retailer reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.08 per ($0.35). Abercrombie & Fitch had a return on equity of 25.09% and a net margin of 5.47%. The company posted revenue of $812.80 million for the quarter, versus a consensus estimate of $799.33 million. In the same quarter of the previous year, the company had earned earnings per share of $0.67. Abercrombie & Fitch’s quarterly revenue increased 4.0% compared to the same quarter last year. Sell-side analysts expect Abercrombie & Fitch to post 2.13 EPS for the current fiscal year.
Abercrombie & Fitch Institutional Trading
Several institutional investors and hedge funds have recently changed their holdings in ANF. Smith Graham & Co. Investment Advisors LP increased its position in Abercrombie & Fitch by 3.5% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 107,489 shares of the clothing retailer worth $3,439,000 after buying 3,586 additional shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Abercrombie & Fitch in the fourth quarter, valued at around $177,000. Insight Wealth Strategies LLC increased its position in Abercrombie & Fitch by 4.1% in the first quarter. Insight Wealth Strategies LLC now owns 26,187 shares of the clothing retailer worth $838,000 after buying an additional 1,025 shares in the last quarter. Versor Investments LP increased its position in Abercrombie & Fitch by 52.6% in the first quarter. Versor Investments LP now owns 9,782 shares of the clothing retailer valued at $313,000 after buying an additional 3,372 shares in the last quarter. Finally, Walleye Capital LLC increased its position in Abercrombie & Fitch by 48.4% in the fourth quarter. Walleye Capital LLC now owns 38,879 shares of the clothing retailer worth $1,354,000 after purchasing an additional 12,672 shares in the last quarter. 99.58% of the shares are currently held by institutional investors.
Wall Street analysts predict growth
A number of research analysts have weighed in on the company recently. Citigroup downgraded Abercrombie & Fitch from a “buy” rating to a “neutral” rating and lowered its target price for the stock from $59.00 to $30.00 in a Monday, May 23 report. TheStreet downgraded Abercrombie & Fitch from a ‘b’ rating to a ‘c’ rating in a Tuesday, May 24 report. StockNews.com downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a Thursday, June 2 report. Telsey Advisory Group cut its price target on Abercrombie & Fitch from $40.00 to $30.00 and set an “outperform” rating on the stock in a Wednesday, May 25 report. Finally, Morgan Stanley lowered its price target on Abercrombie & Fitch from $32.00 to $17.00 and set an “underweight” rating on the stock in a Wednesday, May 25 report. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned the company a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.67.
Abercrombie & Fitch Company Profile
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Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products and accessories for men, women and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks and Social Tourist brands.
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