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
€103.00
5.240%
The stock is one of the favorites of our community with 22 Buy predictions and 2 Sell predictions.
With a target price of 107 € there is a slightly positive potential of 3.88% for Abercrombie + Fitch A compared to the current price of 103.0 €.
