ANF - Abercrombie & Fitch Stock: Buy Sell or Hold?
2023-05-26 10:48:22 ET
Abercrombie & Fitch 's (NYSE: ANF) stock surged 31% on May 24, following its latest earnings report. For the first quarter of fiscal 2023, which ended on April 29, the apparel retailer's revenue rose 3% year over year to $836 million and exceeded analysts' estimates by $21 million.
Its adjusted earnings of $0.39 per share also topped expectations by $0.37 and marked a major improvement from its net loss of $0.27 a year ago. Those numbers were impressive , but should investors buy, sell, or hold Abercrombie's (A&F's) stock right now?
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Abercrombie & Fitch Stock: Buy, Sell, or Hold?