Holiday Forecast For Abercrombie & Fitch: Analyst On How Improved Inventory Management Could Fuel Q3 Earnings
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Dana Telsey has reiterated an Outperform rating on Abercrombie & Fitch Company (ANF), raising the price target to $62 from $56. The analyst believes ANF's improved inventory management could fuel Q3 earnings. ANF expects to reach its prior 2025 target of an 8%-plus operating margin in FY23. The company's momentum from Q2 has carried into Q3, leading to expectations of a normal holiday period. Telsey predicts 2023 same-store-sales growth of 9.7% and full-year EPS of $4.29.
September 07, 2023 | 7:04 pm
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Abercrombie & Fitch's improved inventory management could boost Q3 earnings. The company expects to reach its 2025 target of an 8%-plus operating margin in FY23. The analyst predicts 2023 same-store-sales growth of 9.7% and full-year EPS of $4.29.
The analyst's positive outlook and raised price target for Abercrombie & Fitch, along with the company's improved inventory management and expected operating margin, could lead to a positive short-term impact on the stock.
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IMPORTANCE 80
RELEVANCE 100