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
€77.40
-2.520%
With 29 Buy predictions and 1 Sell predictions Abercrombie + Fitch A is one of the favorites of our community.
As a result the target price of 108 € shows a positive potential of 39.53% compared to the current price of 77.4 € for Abercrombie + Fitch A.
