Why Abercrombie & Fitch Stock Just Jumped 19%

With a P/E ratio of 16 and a 35% growth rate, Abercrombie & Fitch stock looks like a buy.Abercrombie & Fitch (ANF 21.62%) stock surged 19% through 11:05 a.m. ET after reporting Q1 2024 earnings this morning -- and beating Wall Street analyst targets with a stick.Expected to earn $1.73 per share on $963 million in sales in the year's first quarter, Abercrombie instead reported a per-share profit of $2.14 and sales of more than $1 billion. Abercrombie & Fitch Q1 earningsAnd this good news gets better. A&F's s ...