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Abercrombie & Fitch Co. shares have stumbled to a 52-week low, trading at $106.06, as the retailer grapples with market headwinds. The iconic apparel company, known for its casualwear and lifestyle branding, has seen its stock price struggle over the past year, reflecting a broader trend in the retail sector. Investors have been cautious, acknowledging the 1-year change data that shows Abercrombie & Fitch’s stock has declined by 8.64%. This downturn highlights the challenges faced by the company in a competitive and rapidly evolving retail landscape.
In other recent news, Abercrombie & Fitch Co. has revised its sales outlook upward for the fourth quarter and the full fiscal year 2024. The company now anticipates net sales growth to be between 7% and 8% for the fourth quarter and around 15% for the full year, attributing this to strong sales performance during the holiday season. CEO Fran Horowitz highlighted the success of strategic initiatives and expressed confidence in achieving sustainable growth. Despite the positive sales outlook, Abercrombie & Fitch maintained its operating margin forecast of approximately 15% for the year.
Furthermore, JPMorgan raised its price target for Abercrombie & Fitch to $204 while keeping an Overweight rating, citing strong momentum in same-store sales and effective marketing strategies. UBS also maintained a Buy rating with a $220 price target, projecting a 20% compound annual growth rate in earnings per share over the next five years. William Blair, however, kept a Market Perform rating, expressing caution regarding the company’s ability to maintain operating margins amid expansion.
Abercrombie & Fitch’s recent developments reflect a strategic focus on brand strength and customer engagement, which has contributed to its positive sales outlook. The company’s executives are set to discuss these updates at the 2025 ICR Conference, emphasizing their commitment to long-term shareholder value.
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