Abercrombie & Fitch Co. Sees Unusually High Options Volume (ANF)
Abercrombie & Fitch Co. (NYSE:ANF) saw some unusual options trading activity on Tuesday. Stock investors purchased 15,315 put options on the stock, ARN reports. This is an increase of 261% compared to the typical daily volume of 4,243 put options.
A number of research firms have recently commented on ANF. Analysts at Susquehanna cut their price target on shares of Abercrombie & Fitch Co. from $46.00 to $44.00 in a research note on Tuesday. They now have a “positive” rating on the stock. Separately, analysts at Zacks upgraded shares of Abercrombie & Fitch Co. from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 30th. They now have a $37.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Abercrombie & Fitch Co. from $34.00 to $38.00 in a research note on Friday, January 10th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $40.96.
Abercrombie & Fitch Co. (NYSE:ANF) traded up 1.61% during mid-day trading on Tuesday, hitting $35.99. 3,780,207 shares of the company’s stock traded hands. Abercrombie & Fitch Co. has a 52 week low of $31.14 and a 52 week high of $55.23. The stock has a 50-day moving average of $34.67 and a 200-day moving average of $35.9. The company has a market cap of $2.750 billion and a P/E ratio of 19.02.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 18th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Tuesday, March 4th.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.
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