Abercrombie & Fitch Co. (NYSE: ANF) has reported earnings for its first fiscal quarter (ending April 30) of $2.24 versus $0.33 for the same period a year ago. E.P.S. were $8.41 for the latest four quarters through April 30 versus $0.74 for the same period a year ago.
Recent Price Action
Abercrombie & Fitch Co. (NYSE: ANF) stock closed at $189.45 on 5/29/24 after a major increase of 24.3%. Moreover, trading volume in this advance was exceptionally high at 688% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 30.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ANF is expected to continue to be a major Value Builder.
Abercrombie & Fitch Co has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Abercrombie & Fitch Co has a slightly negative Appreciation Score of 38 but a very high Power Rating of 100, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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