Analyst Takes Down Abercrombie & Fitch Price Forecast By 34% Despite Being Bullish - Here's Why
Telsey Advisory analyst Dana Telsey reiterated an Outperform rating on the shares of Abercrombie & Fitch Co ANF but lowered the price target from $190.00 to $125.00, citing greater macro uncertainty.
Why Abercrombie & Fitch Stock Plunged Today
Shares of apparel retailer Abercrombie & Fitch (ANF -12.08%) plunged on Wednesday after it reported financial results for the fourth quarter of 2024. As of noon ET, Abercrombie stock was down 14% for the day and down nearly 60% from its 52-week high.
Abercrombie & Fitch Stock Plunges as Outlook Underwhelms
Abercrombie & Fitch (ANF) shares sank 12% Wednesday after the apparel retailer's current-quarter profit and full-year sales forecasts disappointed investors.
Abercrombie & Fitch Co. (ANF) Q4 2024 Earnings Call Transcript
Abercrombie & Fitch Co. (NYSE:ANF ) Q4 2024 Earnings Conference Call March 5, 2025 8:30 AM ET Company Participants Mohit Gupta - Vice President of Investor Relations Fran Horowitz - Chief Executive Officer Robert Ball - Chief Financial Officer Scott Lipesky - Executive Vice President and Chief Operating Officer Conference Call Participants Dana Telsey - Telsey Advisory Group Corey Tarlowe - Jefferies Matthew Boss - JPMorgan Chase & Co. Paul Lejuez - Citigroup Inc. Marni Shapiro - The Retail Tracker Alexandra Straton - Morgan Stanley Mauricio Serna - UBS Janet Kloppenburg - JJK Research Associates, Inc. Operator Good day, and thank you for standing by. Welcome to the Abercrombie & Fitch Fourth Quarter Fiscal Year 2024 Earnings Call.
Abercrombie & Fitch forecasts slower growth, sending shares tumbling
Abercrombie & Fitch (NYSE:ANF) shares fell nearly 14% on Wednesday morning following the company's release of cautious guidance for fiscal year 2025, overshadowing its strong fourth-quarter performance. The retailer reported a 9% year-over-year increase in fourth-quarter revenue, reaching $1.58 billion, and an 18% rise in net income to $189.7 million.
Cramer's Stop Trading: Abercrombie & Fitch
CNBC's Jim Cramer breaks down why he's keeping an eye on shares of Abercrombie & Fitch.
Abercrombie (ANF) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Abercrombie (ANF) give a sense of how the business performed in the quarter ended January 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Abercrombie & Fitch (ANF) Q4 Earnings and Revenues Top Estimates
Abercrombie & Fitch (ANF) came out with quarterly earnings of $3.57 per share, beating the Zacks Consensus Estimate of $3.48 per share. This compares to earnings of $2.97 per share a year ago.
Abercrombie & Fitch forecasts cautious 3% to 5% sales growth in 2025
Abercrombie & Fitch also approved a $1.3 billion share repurchase program including $400 million in 2025.
Abercrombie & Fitch shares fall after star retailer posts weak guidance for year ahead
Abercrombie & Fitch has seen blockbuster growth over the last two years but it's expecting that pace to moderate more than Wall Street expected in the year ahead. The company is forecasting fiscal 2025 sales to rise between 3% and 5%, falling short of expectations of 6.8%, according to LSEG.
Abercrombie & Fitch forecasts tepid sales growth, shares drop
Abercrombie & Fitch on Wednesday forecast annual sales growth below estimates as consumer spending on pricier apparel remains weak, taking its shares down about 8% in premarket trading.
Strong Holiday Season to Aid Abercrombie's Q4 Earnings: Time to Buy?
ANF's Q4 results are expected to benefit from a strong holiday season, fueled by brand growth, exciting product assortments and engaging marketing efforts.
