Abercrombie & Fitch Target of Unusually Large Options Trading (NYSE:ANF)

Abercrombie & Fitch Co. (NYSE:ANF) saw unusually large options trading activity on Thursday. Stock traders bought 17,959 put options on the company. This is an increase of 74% compared to the average daily volume of 10,350 put options.

Insider Transactions at Abercrombie & Fitch

In related news, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the sale, the executive vice president now owns 22,059 shares of the company’s stock, valued at $3,275,982.09. The trade was a 21.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total value of $459,200.00. Following the transaction, the director now owns 6,405 shares of the company’s stock, valued at $1,024,800. This represents a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,401 shares of company stock valued at $2,631,741. Company insiders own 2.58% of the company’s stock.

Institutional Trading of Abercrombie & Fitch

A number of institutional investors have recently bought and sold shares of ANF. UMB Bank n.a. lifted its stake in shares of Abercrombie & Fitch by 92.2% in the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 107 shares during the period. Farther Finance Advisors LLC increased its holdings in Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 123 shares during the last quarter. Private Trust Co. NA lifted its stake in Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after buying an additional 272 shares during the period. Quarry LP boosted its holdings in Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after buying an additional 170 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Abercrombie & Fitch by 39.2% during the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock worth $110,000 after buying an additional 222 shares during the last quarter.

Analysts Set New Price Targets

ANF has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Raymond James dropped their price target on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday. UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Morgan Stanley lowered their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.25.

Abercrombie & Fitch Trading Down 1.5 %

Shares of ANF traded down $1.95 during trading hours on Thursday, hitting $128.04. 1,097,778 shares of the stock traded hands, compared to its average volume of 2,574,931. The business has a fifty day moving average of $147.72 and a 200-day moving average of $149.26. The firm has a market capitalization of $6.45 billion, a PE ratio of 12.68 and a beta of 1.52. Abercrombie & Fitch has a 1-year low of $95.51 and a 1-year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.18. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.83 EPS. As a group, equities research analysts expect that Abercrombie & Fitch will post 10.63 earnings per share for the current fiscal year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.