Is Abercrombie & Fitch (ANF) Stock Outpacing Its Retail-Wholesale Peers This Year?

27.11.24 15:40 Uhr

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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Abercrombie & Fitch (ANF) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Abercrombie & Fitch is one of 210 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Abercrombie & Fitch is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for ANF's full-year earnings has moved 3.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Our latest available data shows that ANF has returned about 66.2% since the start of the calendar year. Meanwhile, the Retail-Wholesale sector has returned an average of 29.4% on a year-to-date basis. This means that Abercrombie & Fitch is performing better than its sector in terms of year-to-date returns.Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Stitch Fix (SFIX). The stock has returned 30% year-to-date.Over the past three months, Stitch Fix's consensus EPS estimate for the current year has increased 0.9%. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Abercrombie & Fitch belongs to the Retail - Apparel and Shoes industry, which includes 39 individual stocks and currently sits at #73 in the Zacks Industry Rank. On average, this group has gained an average of 17.2% so far this year, meaning that ANF is performing better in terms of year-to-date returns. Stitch Fix is also part of the same industry.Investors with an interest in Retail-Wholesale stocks should continue to track Abercrombie & Fitch and Stitch Fix. These stocks will be looking to continue their solid performance.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.1% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report Stitch Fix, Inc. (SFIX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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