Forecast Of The Day: Abercrombie & Fitch’s Hollister Revenue Per Square Foot
What?
Trefis expects Abercrombie & Fitch’s (NYSE:ANF) Hollister stores revenue per square foot to rise from $520 in 2020 to $598 in 2021 and to $616 in 2022.
Why?
- Abercrombie Reports Strong Q2 Beat, Yet Its Stock Tanks 17%: What’s Going On?
- Can A Strong Q2 Performance Help Abercrombie Stock Extend Its 80% Gains This Year?
- What’s Next For ANF Stock After 47% Gains In A Month?
- Is F5 Stock A Better Pick Over Abercrombie After Its Recent 20% Rise?
- Up 70% Since Beginning of This Year, Will Abercrombie’s Strong Run Continue Following Q1 Results?
- Up 5x Over The Last Twelve Months, Where Is Abercrombie & Fitch Stock Headed?
While revenues declined in 2020, due to the Covid-19 related lockdowns, the company is seeing a nice recovery in demand this year, with vaccination rates picking up and people heading outdoors.
So What?
However, we think the recovery is fully priced into Abercrombie & Fitch stock, which remains up by almost 2x year-to-date. We value the stock as $42 per share, in line with the market price..
See Our Complete Analysis For Abercrombie & Fitch
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