Abercrombie & Fitch Co. (ANF, Financial) experienced a notable stock price increase of 5.16%, reaching $159.44 per share with a trading volume of 1.216 million shares. The company's recent earnings report revealed a revenue of $1.209 billion and a net profit of $132 million, translating to an earnings per share (EPS) of $2.59. The gross profit stood at $748 million, with a price-to-earnings (P/E) ratio of 15.74.
Analyst ratings indicate a strong market sentiment for ANF, with 67% of the 12 participating institutions recommending a buy and 33% suggesting a hold. No institutions advised selling. Within the apparel retail sector, where Abercrombie & Fitch operates, the overall decline was 0.05%. Other significant gainers in the sector included Destination XL Group, Inc. and Burlington Stores, while Rent The Runway, Inc. and Stitch Fix, Inc. were notably active.
Abercrombie & Fitch is a retailer specializing in casual apparel, personal care products, and accessories for men, women, and children. The company sells directly to consumers through its stores and website, featuring brands like Abercrombie & Fitch, Abercrombie Kids, and Hollister. It operates primarily in the U.S., with additional locations in Canada, Europe, and Asia, and ships to over 100 countries. The company sources its products from various manufacturers in Asia and Central America, supporting North American operations through two distribution centers in Ohio.
