Abercrombie & Fitch: A Classic Market Overreaction
A&F(ANF) Seeking Alpha·2024-08-29 16:37
tupungato August 28th was not a very pleasant day for shareholders of clothing company Abercrombie & Fitch (NYSE:ANF). Shares closed down 17% after management announced financial results covering the second quarter of the company's 2024 fiscal year. At first glance, this is surprising. I say this because management reported revenue and earnings per share that came in above what analysts anticipated. However, the market has gotten overly picky with this name, punishing the stock because margins did not c ...