Short Interest Alert: After Reaching Milestone, Is Abercrombie & Fitch Company (NYSE:ANF)’s Short Interest Revealing Something?

November 24, 2016 - By Darrin Black   ·   0 Comments

Short Interest Alert: After Reaching Milestone, Is Abercrombie & Fitch Company (NYSE:ANF)’s Short Interest Revealing Something?

The stock of Abercrombie & Fitch Company (NYSE:ANF) registered an increase of 3.28% in short interest. ANF’s total short interest was 16.98 million shares in November as published by FINRA. Its up 3.28% from 16.44M shares, reported previously. With 2.22M shares average volume, it will take short sellers 8 days to cover their ANF’s short positions. The short interest to Abercrombie & Fitch Company’s float is 25.27%. The stock decreased 0.61% or $0.09 on November 23, hitting $15.39. Abercrombie & Fitch Co. (NYSE:ANF) has declined 46.69% since April 22, 2016 and is downtrending. It has underperformed by 52.10% the S&P500.

Abercrombie & Fitch Co. is a specialty retailer that operates stores and direct-to-consumer operations. The company has a market cap of $1.03 billion. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands. It has a 23.46 P/E ratio. The Company’s divisions include Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister.

Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.24, from 1.21 in 2016Q1. The ratio dropped, as 40 funds sold all Abercrombie & Fitch Co. shares owned while 70 reduced positions. 33 funds bought stakes while 100 increased positions. They now own 68.45 million shares or 13.75% less from 79.36 million shares in 2016Q1.
Acadian Asset Mgmt Ltd Company holds 17,473 shares or 0% of its portfolio. Point72 Asset Mgmt L P, a Connecticut-based fund reported 1,800 shares. Caisse De Depot Et Placement Du Quebec has 0.01% invested in the company for 219,000 shares. Metropolitan Life Insur Commerce Ny owns 109,533 shares or 0.01% of their US portfolio. The New York-based Millennium Mngmt Limited Com has invested 0.01% in Abercrombie & Fitch Co. (NYSE:ANF). Piermont Management last reported 76,610 shares in the company. Allianz Asset Management Ag holds 0% or 33,313 shares in its portfolio. Sg Americas Limited Com holds 0.01% of its portfolio in Abercrombie & Fitch Co. (NYSE:ANF) for 102,440 shares. First Trust Advsrs Lp owns 72,727 shares or 0% of their US portfolio. Nationwide Fund reported 286,398 shares or 0.02% of all its holdings. The Ontario – Canada-based Bancshares Of Montreal Can has invested 0% in Abercrombie & Fitch Co. (NYSE:ANF). The Colorado-based Advisors Asset Management Inc has invested 0% in Abercrombie & Fitch Co. (NYSE:ANF). Snow Cap Mngmt Lp has 0.2% invested in the company for 236,665 shares. Cubist Systematic Strategies Limited Liability Corp holds 0.11% or 106,529 shares in its portfolio. Ing Groep Nv reported 37,000 shares or 0.01% of all its holdings.

Insider Transactions: Since September 1, 2016, the stock had 2 insider buys, and 0 selling transactions for $436,300 net activity. 15,000 Abercrombie & Fitch Co. (NYSE:ANF) shares with value of $259,800 were bought by Horowitz Bonadies Fran. On Thursday, September 1 STAPLETON CRAIG R bought $176,500 worth of the stock or 10,000 shares.

Abercrombie & Fitch Co. (NYSE:ANF) Ratings Coverage

Out of 25 analysts covering Abercrombie & Fitch Co. (NYSE:ANF), 6 rate it a “Buy”, 6 “Sell”, while 13 “Hold”. This means 24% are positive. Abercrombie & Fitch Co. has been the topic of 61 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, August 27 by Stifel Nicolaus. Deutsche Bank upgraded the shares of ANF in a report on Wednesday, June 15 to “Hold” rating. The firm earned “Hold” rating on Thursday, September 24 by Standpoint Research. Morgan Stanley maintained the stock with “Underweight” rating in Friday, May 27 report. Vetr downgraded the stock to “Strong-Buy” rating in Tuesday, September 1 report. Mizuho maintained the shares of ANF in a report on Friday, November 18 with “Neutral” rating. The rating was maintained by FBR Capital on Wednesday, August 31 with “Mkt Perform”. The stock has “Buy” rating given by Standpoint Research on Tuesday, August 30. Mizuho maintained the stock with “Neutral” rating in Tuesday, August 30 report. SunTrust maintained Abercrombie & Fitch Co. (NYSE:ANF) rating on Friday, May 27. SunTrust has “Buy” rating and $30 price target.

ANF Company Profile

Abercrombie & Fitch Co. (A&F), incorporated on June 26, 1996, is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells a range of products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands. The Company’s divisions include Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister.

More notable recent Abercrombie & Fitch Co. (NYSE:ANF) news were published by: Foxbusiness.com which released: “Why Abercrombie & Fitch Co. Stock Dropped Today” on November 18, 2016, also Reuters.com with their article: “BRIEF-Reg-Abercrombie & fitch co. Reports third quarter results” published on November 18, 2016, Forbes.com published: “Abercrombie & Fitch (ANF) Passes Through 5% Yield Mark” on November 15, 2016. More interesting news about Abercrombie & Fitch Co. (NYSE:ANF) were released by: Nasdaq.com and their article: “Earnings Reaction History: Abercrombie & Fitch Co., 63.6% Follow-Through …” published on November 18, 2016 as well as Reuters.com‘s news article titled: “Abercrombie, Gap forecasts signal tough holiday quarter for retailers” with publication date: November 18, 2016.

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By Darrin Black


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