Abercrombie & Fitch Company (NYSE:ANF) was the target of some unusual options trading activity on Tuesday. Traders acquired 3,302 put options on the company. This is an increase of approximately 1,051% compared to the average daily volume of 287 put options.

A number of equities analysts have recently weighed in on ANF shares. Vetr raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $12.91 price objective for the company in a research report on Tuesday, May 23rd. Citigroup Inc. raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $16.00 in a research report on Friday, August 25th. William Blair reissued a “buy” rating on shares of Abercrombie & Fitch in a research report on Friday, August 25th. TheStreet lowered shares of Abercrombie & Fitch from a “c-” rating to a “d+” rating in a research report on Thursday, June 15th. Finally, Jefferies Group LLC set a $13.00 price objective on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research report on Tuesday, June 6th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.38.

Abercrombie & Fitch (NYSE:ANF) opened at 14.07 on Friday. The stock’s 50 day moving average is $11.21 and its 200-day moving average is $11.68. Abercrombie & Fitch has a 52-week low of $8.81 and a 52-week high of $17.62. The firm’s market capitalization is $957.98 million.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.17. Abercrombie & Fitch had a negative return on equity of 0.79% and a negative net margin of 0.62%. The company had revenue of $779.00 million for the quarter, compared to the consensus estimate of $758.57 million. During the same quarter last year, the company posted ($0.25) earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts expect that Abercrombie & Fitch will post ($0.04) earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, September 1st were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.80 annualized dividend and a yield of 5.69%. Abercrombie & Fitch’s dividend payout ratio (DPR) is presently -258.06%.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Abercrombie & Fitch by 43,958.0% during the first quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock valued at $99,898,000 after purchasing an additional 8,354,665 shares during the last quarter. Vanguard Group Inc. grew its holdings in Abercrombie & Fitch by 9.3% during the second quarter. Vanguard Group Inc. now owns 6,643,799 shares of the apparel retailer’s stock valued at $82,650,000 after purchasing an additional 567,021 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Abercrombie & Fitch by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 5,729,055 shares of the apparel retailer’s stock valued at $71,270,000 after purchasing an additional 42,983 shares during the last quarter. State Street Corp grew its holdings in Abercrombie & Fitch by 1.7% during the second quarter. State Street Corp now owns 3,353,884 shares of the apparel retailer’s stock valued at $41,718,000 after purchasing an additional 56,484 shares during the last quarter. Finally, Paradice Investment Management LLC grew its holdings in Abercrombie & Fitch by 16.6% during the second quarter. Paradice Investment Management LLC now owns 2,130,392 shares of the apparel retailer’s stock valued at $26,502,000 after purchasing an additional 304,012 shares during the last quarter. Institutional investors own 98.62% of the company’s stock.

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About Abercrombie & Fitch

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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