Abercrombie & Fitch (ANF) Stock Surges 5% Amid Positive Earnings Outlook

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Oct 14, 2024
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Abercrombie & Fitch (ANF, Financial) stock experienced a notable increase of 5.07%, reaching $157.35 per share. The stock traded a volume of 979,734 shares with a turnover rate of 1.92% and a price fluctuation of 5.02%.

Recent financial reports revealed that ANF generated revenue of $1.134 billion and a net profit of $133 million, resulting in earnings per share of $2.60. The company reported a gross profit of $696 million and holds a P/E ratio of 16.66.

Among analysts, 60% recommended buying ANF, while 40% suggested holding, with no sell recommendations. In the broader apparel retail industry, the sector saw a 1.58% increase. Comparable stocks like Lands' End, A.K.A. Brands Holding, and ANF showed substantial gains.

Active stocks in this sector included Digital Brands Group, Carter's, and ANF, with turnover rates of 28.40%, 1.97%, and 1.92%, respectively. Stocks like Digital Brands Group, Torrid Holdings, and Lulu's Fashion Lounge Holdings demonstrated significant price fluctuations.

Abercrombie & Fitch Co. specializes in casual apparel and personal care products for men, women, and children, selling through its stores and e-commerce platforms. The company operates mainly in the U.S. with additional presence in Canada, Europe, and Asia, distributing products to over 100 countries.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.