Investors Buy Large Volume of Put Options on Abercrombie & Fitch (NYSE:ANF)

Paterniano Del Favero
Luglio 23, 2017

For example, if there is good news like a positive earnings announcement, the demand for a stock may increase, raising the price from the previous day's close. Deutsche Bank AG's target price indicates a potential downside of 5.86% from the stock's current price.

Several other research firms have also commented on ANF. Wunderlich upgraded shares of Abercrombie & Fitch from a "sell" rating to a "hold" rating and lifted their target price for the company from $10.50 to $12.00 in a report on Thursday, June 22nd. The overall volume in the last trading session was 2.48 Million shares. Finally, Telsey Advisory Group boosted their price objective on Abercrombie & Fitch Company from $13.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, May 26th.

Abercrombie & Fitch Company had its " rating reiterated by analysts at William Blair. Royal Bank Of Canada set a $12.00 price target on Abercrombie & Fitch and gave the stock a "sell" rating in a report on Saturday, May 13th.

Equity analyst Wunderlich lowered the price target and downgraded the stock on May 11 cutting the price target from $30.00 to $12.00 and changing the rating from "Hold" to "Sell". Abercrombie & Fitch has a consensus rating of "Hold" and a consensus price target of $13.85.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 3.4 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. The share price has moved backward from its 20 days moving average -0.91% and negatively from its 50 days moving average -1.26%. The stock's market capitalization is 650.23M.

Abercrombie & Fitch Company (NYSE:ANF)'s revenue estimates for the current quarter are $757.32 Million according to 16 number of analysts, for the current quarter the company has high revenue estimates of $791.33 Million in contradiction of low revenue estimates of $739.12 Million. The sell-side analysts are projecting earnings per share of $0.15 for the next fiscal quarter. The company had revenue of $661.10 million during the quarter, compared to analyst estimates of $651.25 million. Abercrombie & Fitch had a negative return on equity of 1.26% and a negative net margin of 0.55%. Comerica Bank now owns 73,504 shares of the apparel retailer's stock worth $873,000 after buying an additional 18,508 shares during the last quarter.

Abercrombie & Fitch Company (NYSE:ANF)'s trailing twelve month revenues are $3.3 Billion, whereas its price to sales ratio for the same period is 0.2.

Abercrombie & Fitch (NYSE ANF) traded down 0.62% during midday trading on Monday, hitting $9.56. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright and trademark law.

Large investors have recently made changes to their positions in the company. Achmea Investment Management B.V. bought a new stake in Abercrombie & Fitch during the first quarter worth approximately $2,025,000. Guggenheim Capital LLC boosted its stake in Abercrombie & Fitch by 237.2% in the fourth quarter. Capstone Asset Management Co. now owns 31,952 shares of the apparel retailer's stock worth $397,000 after buying an additional 160 shares during the period. Vanguard Group Inc. increased its stake in shares of Abercrombie & Fitch by 2.9% in the first quarter. Finally, Exane Derivatives raised its position in shares of Abercrombie & Fitch by 0.3% in the second quarter. Gotham Asset Management LLC now owns 519,181 shares of the apparel retailer's stock valued at $6,194,000 after buying an additional 307,728 shares in the last quarter. Goldman Sachs Group Inc added to its position by buying 20,335 shares an increase of 138.9% in the quarter.

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