JPMorgan Raises Abercrombie & Fitch (ANF) PT to $151 Following Strong Q1 Results, Ahead of Q2 Report

Abercrombie & Fitch Co. (NYSE:ANF) is one of the most undervalued quality stocks to buy according to hedge funds. On July 28, JPMorgan analyst Matthew Boss raised his price target on Abercrombie & Fitch’s stock to $151 from $141 and maintained an Overweight rating on the shares. The adjustment was made in anticipation of Q2 reports.

Prior to this, Abercrombie & Fitch Co. announced its results for Q1 2025 with record first-quarter net sales of $1.1 billion, which is an increase of 8% year-over-year. Net sales grew across all regions, with the Americas up 7%, EMEA up 12%, and APAC up 5%.

JPMorgan Raises Abercrombie & Fitch (ANF) PT to $151 Following Strong Q1 Results, Ahead of Q2 Report

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.

The company’s performance was led by the Hollister brands, which saw a 22% growth and achieved its best-ever first-quarter net sales. In contrast, the Abercrombie brands saw a 4% decrease in net sales, but this was measured against a strong 31% sales growth in the first quarter of 2024.

Abercrombie & Fitch Co. (NYSE:ANF) is an omnichannel retailer in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

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Disclosure: None. This article is originally published at Insider Monkey.