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
€96.65
1.210%
The stock is an absolute favorite of our community with 33 Buy predictions and no Sell predictions.
With a target price of 122 € there is a positive potential of 26.23% for Abercrombie + Fitch A compared to the current price of 96.65 €.
