Abercrombie & Fitch Co. Target of Unusually Large Options Trading (ANF)
Shares of Abercrombie & Fitch Co. (NYSE:ANF) were the target of unusually large options trading activity on Tuesday. Traders bought 8,919 call options on the company, Analyst RN reports. This is an increase of approximately 276% compared to the average daily volume of 2,370 call options.
A number of analysts have recently weighed in on ANF shares. Analysts at Wunderlich initiated coverage on shares of Abercrombie & Fitch Co. in a research note on Tuesday, August 12th. They set a “buy” rating and a $48.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating in a research note on Monday, August 11th. They now have a $50.00 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Abercrombie & Fitch Co. in a research note on Friday, August 8th. They now have a $48.00 price target on the stock, up previously from $45.00. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $44.43.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded up 2.31% during mid-day trading on Tuesday, hitting $42.56. The stock had a trading volume of 2,295,546 shares. Abercrombie & Fitch Co. has a 1-year low of $31.14 and a 1-year high of $48.98. The stock’s 50-day moving average is $40.6 and its 200-day moving average is $38.71. The company has a market cap of $3.097 billion and a P/E ratio of 86.13.
Abercrombie & Fitch Co. (NYSE:ANF) last issued its quarterly earnings data on Thursday, May 29th. The company reported ($0.17) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.19) by $0.02. The company had revenue of $822.00 million for the quarter, compared to the consensus estimate of $797.86 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. On average, analysts predict that Abercrombie & Fitch Co. will post $2.36 earnings per share for the current fiscal year.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.
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