Abercrombie & Fitch (ANF) stock dove today after the apparel retailer released its Q4 2024 earnings report. That’s despite reported adjusted earnings per share of $3.57 that beat Wall Street’s estimate of $3.54. It was also a 21% increase year-over-year compared to $2.95 per share.
Abercrombie & Fitch reported revenue of $1.58 billion, which also beat analysts’ estimate of $1.57 billion for the quarter. The company’s revenue increased 9% year-over-year from $1.45 billion. This growth was fueled by a 14% increase in comparable sales.
Even with Q4 results above estimates, ANF stock was down 5.97% in pre-market trading today. That extends its 35.7% loss year-to-date and its 28.8% drop over the last 52 weeks.
2025 Guidance Slams ANF Investor Morale
Unfortunately for ANF investors, Abercrombie & Fitch’s outlook weighed down the company’s stock today. That’s due to its Q1 2025 adjusted EPS guidance of $1.25 to $1.45, which would easily miss Wall Street’s estimate of $2.01. Its 2025 adjusted EPS guidance of $10.40 to $11.40, with a midpoint of $10.90, also doesn’t look good next to analysts’ estimate of $11.30.
Abercrombie & Fitch CEO Fran Horowitz attempted to raise investor morale when she stated, “Our expectation in 2025 is to build on the past two years of outstanding results and again deliver profitable growth while strengthening our brands and operating model.” However, that couldn’t stop ANF stock from falling today.
Is ANF Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Abercrombie & Fitch is Strong Buy based on seven Buy and two Hold ratings over the last three months. With that comes an average price target of $177.86, a high of $220, and a low of $114. This represents a potential 85.06% upside for ANF stock. These ratings and price targets will likely change as analysts update their coverage after today’s earnings.
