Analyst Janine Stichter from BTIG reiterated a Buy rating on Abercrombie Fitch and keeping the price target at $118.00.
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Janine Stichter’s rating is based on several positive developments at Abercrombie & Fitch. The company has shown sequential improvement in its A&F brand, with potential for positive growth in the fourth quarter. This is supported by better management of inventory and improving average unit retail prices. Additionally, Hollister continues to perform well, exceeding expectations with a 15% comparable sales increase.
The company’s financial outlook has also improved, with higher estimates for 2026 due to a reduced share count and slight adjustments to sales and margins. Despite a recent rally, the stock remains attractively priced compared to its historical performance and peers. Near-term catalysts include an upcoming update at the ICR conference, where the company may discuss a growth inflection for the A&F brand. These factors contribute to the reiterated Buy rating and a price target of $118.
In another report released yesterday, Telsey Advisory also maintained a Buy rating on the stock with a $125.00 price target.