Dive Summary:
- In an unstable retail market, Abercrombie & Fitch has outperformed expectations from Zacks Consensus Estimate over the last three quarters and has a projected earnings growth of 28.1%.
- The Zacks ranking at #1 indicates that the retail company is a strong buy for investors with a projected long-term earning growth of 18.9%
- Shares for the company have been steadily growing since November and it consistently traded above its 200-day and 50-day moving average.
From the article:
"...The company operates through Abercrombie & Fitch, Abercrombie kids, Hollister and Gilly Hicks across the United States and internationally. ANF reports its operating results under three segments: U.S. stores, international stores and direct-to-consumer. Abercrombie & Fitch has a market cap of $4.0 billion.
This Zacks Rank #1 (Strong Buy) stock is an attractive investment pick given its expected earnings growth of 28.1% in fiscal 2012..."
