Why Abercrombie & Fitch Stock Surged Today
Shares of Abercrombie Fitch (NYSE: ANF) rocketed 37% higher on Tuesday after the apparel retailer's fiscal third-quarter profits exceeded investors' expectations.
Image source: Getty Images.
Abercrombie Fitch's revenue rose 7% year over year to $1.3 billion in the quarter ended Nov. 1. The gains were driven by the exceptional performance of the company's Hollister brand, which saw same-store sales rise by a blistering 15%. That more than offset a 7% decline in the retailer's namesake Abercrombie brand's comparable sales.
Source Fool.com
Abercrombie + Fitch A Stock
€105.02
-0.920%
With 32 Buy predictions and not a single Sell prediction Abercrombie + Fitch A is an absolute favorite of our community.
As a result the target price of 122 € shows a slightly positive potential of 16.17% compared to the current price of 105.02 € for Abercrombie + Fitch A.
