Abercrombie (ANF) Jumps 32% This Week, Hedge Funds Cut Positions

Apparel retailer Abercrombie & Fitch saw its stock price increase substantially during the week following the release of second-quarter fiscal year results. The company delivered earnings per share of $4.17, substantially exceeding analyst estimates of $1.99. Net income grew 13 percent to $250.8 million from $221.8 million in the prior-year period, while net sales advanced 5 percent to $1.27 billion from $1.208 billion, marking the company’s 15th consecutive quarter of net sales growt