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With a P/E ratio of 16 and a 35% growth rate, Abercrombie & Fitch stock looks like a buy.
How Abercrombie reclaimed the hearts—and wallets—of millennials Only eight years before being the highest-performing stock, Abercrombie earned the 2016 superlative of most hated retailer .
In 2023, Abercrombie rose 285% on the stock market, making it one of Wall Street’s highest performers of the last two years, especially for retailers. The company even outpaced AI chipmaker Nvidia.
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Abercrombie stock surged 20% during Wednesday's session. "ANF is the brightest star in the sky," Citi retail analyst Paul Lejuez wrote in a client note.
Does Abercrombie & Fitch (ANF) have what it takes to be a top stock pick for momentum investors? Let's find out.
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