Why Abercrombie & Fitch Stock Is Soaring Today
Shares of Abercrombie Fitch (NYSE: ANF) are flying higher on Wednesday. The company's stock had gained 15% as of 2:36 p.m. ET. The jump came as the S 500 and the Nasdaq Composite were mostly flat.
The clothing retailer reported its first-quarter numbers before the market opened on Wednesday, beating Wall Street targets.
Abercrombie released its Q1 earnings, revealing a strong quarter and guidance even in the face of tariff uncertainty. 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
€83.08
-0.910%
The stock is an absolute favorite of our community with 29 Buy predictions and no Sell predictions.
With a target price of 137 € there is a hugely positive potential of 64.9% for Abercrombie + Fitch A compared to the current price of 83.08 €.
