1803 ET - Abercrombie & Fitch's namesake brand performance will likely offset expected gains from its Hollister brand, Raymond James analysts say in a research note. The namesake brand of the apparel retailer is showing slower demand signals post the ICR Conference in mid January, the analysts say, with promotions up year-over year. Meanwhile, the analysts are seeing the opposite at Hollister as it benefits from demand acceleration for the late fourth quarter and the first quarter to date, the analysts add. Raymond James cuts its FY25 EPS estimates to $11.49 a share from $11.85 a share previously, and its revenue growth views to 6.2% from 7.6%. Raymond James also lowers its target price to $124 a share from $165 a share. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 03, 2025 18:03 ET (23:03 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。