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Abercrombie's Shares Look Considerably Undervalued After Tanking 30% On Weak Q2 Outlook

DATE POSTED:June 4, 2019
Abercrombie & Fitch reported a mixed performance for Q1. The apparel retailer’s shares tanked about 30% due to lower-than-expected same-store sales coupled with a weak earnings guidance for Q2. However, we believe that investors overreacted and retain the $27 Trefis estimate for its stock