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

Abercrombie & Fitch Company (NYSE:ANF) was the recipient of unusually large options trading activity on Monday. Traders acquired 23,411 put options on the company. This represents an increase of 165% compared to the typical daily volume of 8,818 put options.

Insider Activity

In related news, EVP Jay Rust sold 1,500 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $93.15, for a total value of $139,725.00. Following the completion of the transaction, the executive vice president owned 6,648 shares of the company’s stock, valued at approximately $619,261.20. This trade represents a 18.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Goldman sold 5,072 shares of Abercrombie & Fitch stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $96.18, for a total value of $487,824.96. Following the completion of the transaction, the director owned 7,565 shares of the company’s stock, valued at approximately $727,601.70. This represents a 40.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 7,964 shares of company stock worth $759,233. 2.29% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its holdings in shares of Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 227 shares during the period. Ameritas Advisory Services LLC bought a new stake in Abercrombie & Fitch during the 2nd quarter valued at $38,000. Blue Trust Inc. purchased a new stake in shares of Abercrombie & Fitch in the 3rd quarter worth $38,000. Hantz Financial Services Inc. grew its position in shares of Abercrombie & Fitch by 108.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock worth $41,000 after buying an additional 250 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Abercrombie & Fitch by 268.0% during the third quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer’s stock valued at $56,000 after buying an additional 485 shares during the period.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF traded down $3.85 on Monday, hitting $66.02. 1,820,467 shares of the company’s stock were exchanged, compared to its average volume of 2,270,082. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 6.24 and a beta of 1.44. Abercrombie & Fitch has a 12 month low of $65.40 and a 12 month high of $164.80. The business’s 50 day simple moving average is $76.01 and its two-hundred day simple moving average is $83.69.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $2.32 EPS for the quarter, topping the consensus estimate of $2.27 by $0.05. Abercrombie & Fitch had a net margin of 10.61% and a return on equity of 40.02%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $2.50 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Abercrombie & Fitch has set its FY 2025 guidance at 10.000-10.500 EPS. Q3 2025 guidance at 2.050-2.250 EPS. Equities analysts forecast that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on ANF. Raymond James Financial set a $105.00 price target on Abercrombie & Fitch and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Jefferies Financial Group reduced their target price on shares of Abercrombie & Fitch from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price target on shares of Abercrombie & Fitch in a research note on Tuesday, November 18th. Morgan Stanley set a $93.00 price target on shares of Abercrombie & Fitch in a report on Thursday, August 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $102.33.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.