Jefferies lowers Abercrombie stock price target on tariff concerns
Entity Intersection Graph
No entity connections available yet for this article.
Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil ticks up in seesaw trade as escalating Middle East conflict remains in focus Iran conflict latest: Hegseth says Iran conflict has "only just begun" Wolfe warns S&P 500 may drop to as low as 6500 before staging another rally Gold prices recover after hefty drop; dollar slips lower (South Africa Philippines Nigeria) Jefferies lowers Abercrombie stock price target on tariff concerns By Analyst Ratings Published 03/04/2026, 01:08 PM Jefferies lowers Abercrombie stock price target on tariff concerns 0 ANF -4.78% Investing.com - Jefferies lowered its price target on Abercrombie & Fitch Co. shares (NYSE:ANF) to $130 from $135 while maintaining a Buy rating on the stock. The apparel retailer delivered fourth-quarter results with sales up 5% and earnings per share of $3.68. The Hollister brand continued to show strength while the Abercrombie brand returned to growth. The company trades at a P/E ratio of 8.99 and maintains an impressive gross profit margin of 62%, according to InvestingPro data. The company’s fiscal 2027 guidance implies sales growth of 3% to 5% and double-digit margins despite tariff headwinds. First-quarter results face disruption from an ERP system implementation and continued tariff pressures. InvestingPro analysis suggests the stock appears undervalued, with the platform offering additional insights through its comprehensive Pro Research Report available for ANF. Jefferies said the near-term challenges add uncertainty to the outlook. The firm views the company’s underlying earnings power as sustainable. The analyst believes current market volatility creates an opportunity for investors in the stock. In other recent news, Abercrombie & Fitch Co. reported its fourth-quarter 2025 earnings, beating analysts’ expectations. The company announced an earnings per share of $3.68, surpassing the forecasted $3.58. Additionally, Abercrombie & Fitch exceeded revenue projections, posting $1.7 billion compar...
Read full article at source