Abercrombie hikes 2024 sales outlook as Q1 results surpass estimates, stock up

Abercrombie & Fitch (ANF) PT Raised to $172 at Morgan Stanley

Morgan Stanley analyst Alex Straton raised the price target on Abercrombie & Fitch (NYSE: ANF) to $172.00 (from $112.00) while maintaining a Equalweight rating.

The analyst comments "Outsized 1Q beat & FY raise suggest a higher profitability ceiling than we thought, leaving us incrementally positive. However, bullish buyside expectations,... More

Abercrombie & Fitch (ANF) PT Raised to $215 at Jefferies

Jefferies analyst Corey Tarlowe raised the price target on Abercrombie & Fitch (NYSE: ANF) to $215.00 (from $155.00) while maintaining a Buy rating.

The analyst comments "ANF beat top-and-bottom-line results with mgmt highlighting strength across all banners and regions. 1Q sales increased 22% YoY and OM%... More

Abercrombie & Fitch (ANF) PT Raised to $167 at JPMorgan

JPMorgan analyst Matthew R. Boss raised the price target on Abercrombie & Fitch (NYSE: ANF) to $167.00 (from $144.00) while maintaining a Neutral rating.

The analyst comments "ANF reported 1Q EPS of $2.14 (vs. Street $1.74) driven by a beat across all line items: (i) consolidated revenues +22.1% Y/Y (above Street +14.5%), (ii) GPM... More

Abercrombie & Fitch (ANF) PT Raised to $149 at CFRA

CFRA analyst Zachary Warring raised the price target on Abercrombie & Fitch (NYSE: ANF) to $149.00 (from $120.00) while maintaining a Hold rating.

The analyst comments "We raise our 12-month price target by $29 to $149, based on 17.5x our FY 25 (Jan.) EPS estimate and higher than... More

Citi Reiterates Neutral Rating on Abercrombie & Fitch (ANF)

Citi analyst Paul Lejeuz reiterated a Neutral rating and $150.00 price target on Abercrombie & Fitch (NYSE: ANF).

The analyst comments "1Q was an exceptional qtr with both A&F (+29% comp vs 4Q +28%) and Hollister (+13% comp vs 4Q +6%) accelerating vs 4Q. Mgmt raised... More

Abercrombie & Fitch (ANF) Tops Q1 EPS by 44c; offers outlook

Abercrombie & Fitch (NYSE: ANF) reported Q1 EPS of $2.14, $0.44 better than the analyst estimate of $1.70. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $961.98 million.

Fiscal 2024 Full Year Outlook

"The following outlook replaces all previous... More