Abercrombie & Fitch Co. Reports Second Quarter Fiscal 2024 Results

10 reasons why you should own Abercrombie & Fitch stock: Citi

Citi analysts upgraded Abercrombie & Fitch (NYSE: ANF) from Neutral to Buy, highlighting 10 compelling reasons why investors should consider owning the stock despite its recent sell-off in a note to clients on Friday.

After shares dropped 14% following a strong second-quarter performance that slightly missed lofty market expectations, Citi believes this decline offers a prime buying opportunity.

Here are Citi's 10 reasons why Abercrombie & Fitch remains a strong investment:

JPMorgan Adds Abercrombie & Fitch (ANF) to Analyst Focus List as a Growth Idea

JPMorgan analyst Matthew Boss reiterated an Overweight rating and $194.00 price target on Abercrombie & Fitch (NYSE: ANF).

The analyst comments "ANF reported 2Q EPS of $2.50 (~13% above Street $2.22) driven by: (i) consolidated revenues +21.2% Y/Y (above mgmts +mid-teens guide) with +double-digit comps every month of the quarter across both brands and all geographies, (ii) GPM expansion of +245bps Y/Y to 64.9% (above... More

CFRA Upgrades Abercrombie & Fitch (ANF) to Buy

CFRA analyst Zachary Warring upgraded Abercrombie & Fitch (NYSE: ANF) from Hold to Buy with a price target of $198.00 (from $149.00).

The analyst comments "We raise our 12-month price target by $49 to $198, based on 17.2x our FY 26 (Jan.) EPS estimate and in line with the company's... More

Abercrombie & Fitch (ANF) posts Q2 earnings, revenue beat

(Updated - August 28, 2024 9:49 AM EDT)

Abercrombie & Fitch (NYSE: ANF) reported better-than-expected second-quarter earnings and revenue on Wednesday, but its shares fell more than 14% following the release.

The apparel retailer posted adjusted earnings per share of $2.50, surpassing analyst estimates of $2.19. Revenue came in at $1.13 billion, beating the consensus forecast of $1.1 billion and representing a 21% YoY increase. Comparable sales... More