Abercrombie & Fitch Co. (NYSE:ANF) was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $20.13–$22.09 in the past one-month time frame, witnessed a sharp increase yesterday.
The shares rose after the company posted better-than-expected fourth-quarter 2017 results.
The company has seen eight positive estimate revisions in the past two months. Its Zacks Consensus Estimate for the current quarter has also revised upward over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Abercrombie & Fitch currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESPis negative.
Abercrombie & Fitch Company Price and Consensus
Another stock worth considering in the Retail - Apparel and Shoes industry is Canada Goose Holdings Inc. (NYSE:GOOS) which sports a Zacks Rank #2 (SBuy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is ANF going up? Or down? Predict to see what others think: Up or Down
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Abercrombie & Fitch Company (ANF): Free Stock Analysis Report
Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report
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