Abercrombie & Fitch (ANF, Financial) is experiencing significant bullish activity in the options market, with a total of 4,926 call options traded. This figure is 1.4 times higher than expected. Concurrently, the implied volatility has risen nearly 4 percentage points, reaching 72.33%.
The most heavily traded options include the April 25th weekly 77 calls and the May 2nd weekly 79 calls, collectively accounting for nearly 1,700 contracts. This suggests strong investor interest in potential upward movement for the stock.
The Put/Call Ratio stands at 0.31, indicating a pronounced leaning towards calls over puts. Investors are keeping a close watch as the company is set to announce its earnings on May 28th.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Abercrombie & Fitch Co (ANF, Financial) is $121.78 with a high estimate of $171.20 and a low estimate of $71.00. The average target implies an upside of 62.52% from the current price of $74.93. More detailed estimate data can be found on the Abercrombie & Fitch Co (ANF) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Abercrombie & Fitch Co's (ANF, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Abercrombie & Fitch Co (ANF, Financial) in one year is $73.86, suggesting a downside of 1.43% from the current price of $74.93. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Abercrombie & Fitch Co (ANF) Summary page.
