Traders Purchase Large Volume of Abercrombie & Fitch Put Options (ANF)
Abercrombie & Fitch Company (NYSE:ANF) was the target of unusually large options trading activity on Wednesday. Investors bought 3,302 put options on the stock. This represents an increase of approximately 1,051% compared to the typical daily volume of 287 put options.
Several brokerages have commented on ANF. B. Riley reiterated a “neutral” rating on shares of Abercrombie & Fitch in a research note on Wednesday, November 1st. Jefferies Group LLC set a $14.00 price target on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Friday. Zacks Investment Research cut shares of Abercrombie & Fitch from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BMO Capital Markets set a $14.00 price target on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Finally, ValuEngine upgraded shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $12.35.
Institutional investors and hedge funds have recently made changes to their positions in the company. Lorber David A purchased a new stake in shares of Abercrombie & Fitch in the 3rd quarter worth approximately $126,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Abercrombie & Fitch in the 2nd quarter worth approximately $114,000. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Abercrombie & Fitch in the 3rd quarter worth approximately $133,000. Northwestern Mutual Investment Management Company LLC purchased a new stake in shares of Abercrombie & Fitch in the 2nd quarter worth approximately $208,000. Finally, Suntrust Banks Inc. lifted its position in shares of Abercrombie & Fitch by 3.9% in the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock worth $164,000 after purchasing an additional 492 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.
Abercrombie & Fitch (ANF) opened at $15.55 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.16 and a quick ratio of 1.21. Abercrombie & Fitch has a one year low of $8.81 and a one year high of $16.36.
Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.12. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. The firm had revenue of $859.10 million during the quarter, compared to analysts’ expectations of $818.41 million. During the same quarter in the prior year, the company earned $0.02 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. equities research analysts expect that Abercrombie & Fitch will post -0.01 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, December 1st will be given a $0.20 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.80 annualized dividend and a dividend yield of 5.14%. Abercrombie & Fitch’s payout ratio is presently -250.00%.
About Abercrombie & Fitch
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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