Abercrombie & Fitch Co. Sees Unusually Large Options Volume (ANF)
Shares of Abercrombie & Fitch Co. (NYSE:ANF) saw unusually large options trading activity on Friday. Traders acquired 15,576 call options on the company, Analyst RN reports. This represents an increase of 124% compared to the average daily volume of 6,960 call options.
A number of research firms have recently commented on ANF. Analysts at JPMorgan Chase & Co. cut their price target on shares of Abercrombie & Fitch Co. from $41.00 to $38.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Macquarie downgraded shares of Abercrombie & Fitch Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, October 21st. They now have a $36.00 price target on the stock, down previously from $47.00. Finally, analysts at Wells Fargo & Co. reiterated a “neutral” rating on shares of Abercrombie & Fitch Co. in a research note to investors on Monday, October 14th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $47.78.
Abercrombie & Fitch Co. (NYSE:ANF) opened at 35.81 on Monday. Abercrombie & Fitch Co. has a 1-year low of $30.06 and a 1-year high of $55.23. The stock’s 50-day moving average is $43.61 and its 200-day moving average is $47.55. The company has a market cap of $2.736 billion and a price-to-earnings ratio of 11.87.
Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.12. The company had revenue of $945.70 million for the quarter, compared to the consensus estimate of $996.64 million. During the same quarter last year, the company posted $0.19 earnings per share. Abercrombie & Fitch Co.’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that Abercrombie & Fitch Co. will post $2.03 earnings per share for the current fiscal year.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.
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