This Is What Whales Are Betting On Abercrombie & Fitch

Financial giants have made a conspicuous bearish move on Abercrombie & Fitch. Our analysis of options history for Abercrombie & Fitch ANF revealed 10 unusual trades.

Delving into the details, we found 20% of traders were bullish, while 80% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $354,285, and 5 were calls, valued at $330,990.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $150.0 for Abercrombie & Fitch, spanning the last three months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Abercrombie & Fitch's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Abercrombie & Fitch's significant trades, within a strike price range of $90.0 to $150.0, over the past month.

Abercrombie & Fitch Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About Abercrombie & Fitch

Abercrombie & Fitch Co is a specialty retailer that sells casual clothing, personal-care products, and accessories for men, women, and children. It sells direct to consumer through its stores and websites, which include the Abercrombie & Fitch, Abercrombie kids, and Hollister brands. Most stores are in the United States, but the company does have many stores in Canada, Europe, and Asia. All stores are leased. Abercrombie ships to well over 100 countries via its websites. The company sources its merchandise from dozens of vendors that are primarily located in Asia and Central America. Abercrombie has two distribution centers in Ohio to support its North American operations. It uses third-party distributors for sales in Europe and Asia.

After a thorough review of the options trading surrounding Abercrombie & Fitch, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Abercrombie & Fitch

• With a volume of 1,071,657, the price of ANF is down -0.53% at $134.25.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 58 days.

What Analysts Are Saying About Abercrombie & Fitch

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $137.8.

• Reflecting concerns, an analyst from Telsey Advisory Group lowers its rating to Outperform with a new price target of $140.
• An analyst from UBS persists with their Neutral rating on Abercrombie & Fitch, maintaining a target price of $130.
• Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Outperform rating for Abercrombie & Fitch, targeting a price of $152.
• Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Abercrombie & Fitch, targeting a price of $127.
• An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Abercrombie & Fitch, which currently sits at a price target of $140.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Abercrombie & Fitch options trades with real-time alerts from Benzinga Pro.