Abercrombie & Fitch Company (NYSE:ANF) saw unusually large options trading activity on Tuesday. Stock traders acquired 10,867 call options on the stock. This represents an increase of 446% compared to the average volume of 1,989 call options.

Several research analysts have recently weighed in on ANF shares. Vetr upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $12.91 price objective on the stock in a research note on Tuesday, May 23rd. Citigroup Inc. upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $16.00 in a research note on Friday, August 25th. William Blair restated a “buy” rating on shares of Abercrombie & Fitch in a research note on Friday, August 25th. TheStreet lowered shares of Abercrombie & Fitch from a “c-” rating to a “d+” rating in a research note on Thursday, June 15th. Finally, BMO Capital Markets set a $14.00 price objective on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Friday, May 26th. Ten research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.19.

Institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Abercrombie & Fitch during the second quarter valued at about $114,000. Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Abercrombie & Fitch during the second quarter valued at about $208,000. Point72 Asia Hong Kong Ltd bought a new stake in shares of Abercrombie & Fitch during the first quarter valued at about $149,000. Suntrust Banks Inc. raised its stake in shares of Abercrombie & Fitch by 7.9% in the first quarter. Suntrust Banks Inc. now owns 12,765 shares of the apparel retailer’s stock valued at $152,000 after buying an additional 931 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Abercrombie & Fitch by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 13,427 shares of the apparel retailer’s stock valued at $167,000 after buying an additional 5,957 shares during the last quarter. Institutional investors own 98.62% of the company’s stock.

Shares of Abercrombie & Fitch (NYSE ANF) opened at 12.74 on Friday. The company’s market cap is $867.49 million. The stock’s 50 day moving average is $10.09 and its 200-day moving average is $11.59. Abercrombie & Fitch has a one year low of $8.81 and a one year high of $23.29.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Thursday, August 24th. The apparel retailer reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.17. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. The company had revenue of $779 million during the quarter, compared to analyst estimates of $758.57 million. During the same period last year, the business earned ($0.25) earnings per share. Abercrombie & Fitch’s revenue was down .5% compared to the same quarter last year. Equities research analysts forecast that Abercrombie & Fitch will post ($0.08) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, September 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.28%. Abercrombie & Fitch’s dividend payout ratio (DPR) is currently -258.06%.

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Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.

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