Why Abercrombie & Fitch Stock Sank Today
A beat-and-raise second quarter wasn't enough to put Abercrombie Fitch (NYSE: ANF) stock in positive territory on Wednesday. While there was much to like about the company's earnings release published before market open, concerns about the impact of tariffs curbed enthusiasm.
The clothing retailer's stock closed more than 1% lower, while the S 500 (SNPINDEX: ^GSPC) ticked up by 0.2%.
For the quarter, Abercrombie notched a new all-time high revenue figure of $1.19 billion, which was 7% higher on a year-over-year basis. On the bottom line, non-GAAP (generally accepted accounting principles) adjusted net income landed at nearly $113 million ($2.32 per share).
Source Fool.com
Abercrombie + Fitch A Stock
€61.88
1.880%
With 28 Buy predictions and not a single Sell prediction Abercrombie + Fitch A is an absolute favorite of our community.
Based on the current price of 61.88 € the target price of 124 € shows a potential of 100.39% for Abercrombie + Fitch A which would more than double the current price.
