Why Abercrombie & Fitch Stock Is Soaring This Week
Shares of Abercrombie Fitch (NYSE: ANF) are trading higher this week. The company's stock jumped 9.7% as of 2:15 p.m. ET. The move up comes as the S 500 (SNPINDEX: ^GSPC) and the Nasdaq-100 were up 1.4% and 1.1%, respectively.
The clothing retailer released its quarterly numbers on Wednesday, beating Wall Street targets at a time when other retailers are struggling.
Abercrombie posted a strong quarter and set relatively optimistic guidance, even in the face of uncertainty around Trump's tariffs. The company delivered earnings per share (EPS) of $1.59 on sales of $1.10 billion for the quarter, beating consensus expectations of $1.39 on $1.07 billion in sales.
Source Fool.com
Abercrombie + Fitch A Stock
€75.80
-1.620%
With 30 Buy predictions and not a single Sell prediction Abercrombie + Fitch A is an absolute favorite of our community.
Based on the current price of 75.8 € the target price of 155 € shows a potential of 104.49% for Abercrombie + Fitch A which would more than double the current price.
