JPMorgan Slashes PT on Abercrombie & Fitch (ANF) to $141, Keeps an Overweight Rating

Abercrombie & Fitch Co. (NYSE:ANF) is one of the 13 Most Undervalued Retail Stocks to Buy Right Now. On June 16, JPMorgan lowered the firm's price target on Abercrombie & Fitch Co. (NYSE:ANF) to $141 from $147, keeping an Overweight rating on the shares. The firm adjusted the company's model after management's roadshow. Despite the downward reduction, the firm believes in the company's potential to perform positively, reinforcing the overweight rating.
A close-up of a customer trying on a piece of apparel in the retailer's spacious dressing room, emphasizing the company's focus on personal care and experience.
In other news, Abercrombie & Fitch Co. (NYSE:ANF) reported record net sales in its fiscal Q1 2025 earnings, reaching $1.1 billion and exceeding outlook with an 8% growth. Net sales growth occurred across regions, with EMEA up 12%, Americas showing a 7% growth, and APAC rising 5%.
Abercrombie & Fitch Co.'s (NYSE:ANF) results were supported by brand performance from Hollister, which grew 22%. Abercrombie brands, however, were down 4% compared to last year.
Abercrombie & Fitch Co. (NYSE:ANF) is a global omnichannel retailer that offers an assortment of apparel, personal care products, and accessories for women, men, and kids. Its brand portfolio includes Abercrombie brands, which includes Abercrombie & Fitch and abercrombie kids, and Hollister brands, including Hollister and Gilly Hicks.
While we acknowledge the potential of ANF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
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