Telsey Advisory analyst Dana Telsey maintains $Abercrombie & Fitch (ANF.US)$ with a buy rating, and maintains the target price at $190.
According to TipRanks data, the analyst has a success rate of 41.8% and a total average return of 0.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Abercrombie & Fitch (ANF.US)$'s main analysts recently are as follows:
Abercrombie & Fitch's Q3 report highlighted strong execution amidst a competitive retail environment, with multiple initiatives expected to contribute to multiyear sales and EPS growth. Nonetheless, anticipated EPS growth is expected to slow significantly to a mid-single digit rate after a 70% year-over-year increase in FY24. Furthermore, limited upside is seen to Street estimates due to the Abercrombie brand's deceleration and ongoing cost challenges, which are likely to inhibit significant P/E expansion and stock outperformance in the near term.
Abercrombie & Fitch demonstrated strong fundamentals with another beat and raise. Despite this performance, the stock declined by 5%, reflecting growing investor concerns about potential sales and margin reversions. This sentiment could keep the stock movement limited, despite continued momentum.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
