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)
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