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U.S. Apparel Retail Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies39
  • 7D4.2%
  • 3M2.5%
  • 1Y38.9%
  • YTDn/a

Over the last 7 days, the Apparel Retail industry has risen 2.1%, driven by gains from TJX Companies of 4.5%. During this same period, the Victoria's Secret underperformed, falling 6.6%. This takes the industry's 12 month performance to a gain of 38%. Earnings are forecast to grow by 8.0% annually.

Industry Valuation and Performance

Has the U.S. Apparel Retail Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026US$305.4bUS$158.9bUS$11.3b21.8x27x1.9x
Sat, 21 Feb 2026US$305.0bUS$155.6bUS$10.9b21.2x27.9x2x
Mon, 19 Jan 2026US$304.2bUS$158.1bUS$11.0b20.7x27.6x1.9x
Wed, 17 Dec 2025US$300.9bUS$158.1bUS$11.0b22.3x27.3x1.9x
Fri, 14 Nov 2025US$276.3bUS$155.2bUS$10.8b15.1x25.5x1.8x
Sun, 12 Oct 2025US$257.5bUS$155.1bUS$10.8b13.1x23.9x1.7x
Tue, 09 Sep 2025US$268.2bUS$162.6bUS$9.7b15.4x27.7x1.6x
Thu, 07 Aug 2025US$248.5bUS$160.9bUS$9.5b14.6x26.1x1.5x
Sat, 05 Jul 2025US$239.3bUS$160.8bUS$9.5b13.5x25.2x1.5x
Mon, 02 Jun 2025US$240.7bUS$160.8bUS$9.5b9.7x25.2x1.5x
Wed, 30 Apr 2025US$234.2bUS$159.7bUS$10.1b11.2x23.3x1.5x
Fri, 28 Mar 2025US$225.9bUS$159.6bUS$10.1b10.9x22.3x1.4x
Sun, 23 Feb 2025US$235.1bUS$160.3bUS$9.4b12.4x25.1x1.5x
Tue, 21 Jan 2025US$249.0bUS$159.8bUS$9.3b14.3x26.7x1.6x
Thu, 19 Dec 2024US$254.2bUS$164.0bUS$8.6b13.6x29.4x1.6x
Sat, 16 Nov 2024US$243.3bUS$162.5bUS$8.4b12.4x28.9x1.5x
Mon, 14 Oct 2024US$235.4bUS$162.5bUS$8.4b11.5x28.1x1.4x
Wed, 11 Sep 2024US$239.3bUS$162.6bUS$8.4b11.6x28.6x1.5x
Fri, 09 Aug 2024US$223.3bUS$160.6bUS$8.0b13.5x28x1.4x
Sun, 07 Jul 2024US$232.5bUS$160.5bUS$8.0b13.1x29.2x1.4x
Tue, 04 Jun 2024US$225.6bUS$160.2bUS$7.7b15.6x29.4x1.4x
Thu, 02 May 2024US$201.2bUS$160.6bUS$7.2b12.5x27.8x1.3x
Sat, 30 Mar 2024US$224.3bUS$160.7bUS$7.3b13.9x30.9x1.4x
Mon, 26 Feb 2024US$217.2bUS$156.9bUS$6.5b16.5x33.2x1.4x
Wed, 24 Jan 2024US$205.5bUS$159.0bUS$6.6b13.8x30.9x1.3x
Fri, 22 Dec 2023US$199.1bUS$159.0bUS$6.6b13.6x30x1.3x
Sun, 19 Nov 2023US$182.9bUS$158.9bUS$6.8b12.3x27x1.2x
Tue, 17 Oct 2023US$180.4bUS$157.9bUS$6.7b11.7x26.8x1.1x
Thu, 14 Sep 2023US$185.0bUS$158.0bUS$6.7b10.1x27.7x1.2x
Sat, 12 Aug 2023US$180.4bUS$156.6bUS$6.8b8.5x26.7x1.2x
Mon, 10 Jul 2023US$171.4bUS$156.7bUS$6.8b7.9x25.3x1.1x
Wed, 07 Jun 2023US$163.8bUS$156.8bUS$6.7b8.3x24.3x1x
Fri, 05 May 2023US$164.5bUS$156.9bUS$7.6b11.7x21.7x1x
Sun, 02 Apr 2023US$172.6bUS$156.8bUS$7.6b12.1x22.6x1.1x
Price to Earnings Ratio

22.6x


Total Market Cap: US$172.6bTotal Earnings: US$7.6bTotal Revenue: US$156.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Apparel Retail Industry Price to Earnings3Y Average 27x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Apparel Retail industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 27.0x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Apparel Retail industry have grown 14% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does U.S. Apparel Retail compare with similar industries?

US Market-0.15%
Consumer Discretionary0.25%
Specialty Stores2.38%
Apparel Retail4.20%
Automotive Retail4.83%
Specialty Stores3.10%
Home Improvement Retail0.43%
Computer and Electronics Retail-1.92%
Home Furnishing Retail-2.86%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TJX TJX CompaniesUS$159.744.5%
+US$7.6b		33.5%PE32.3x
ROST Ross StoresUS$216.034.3%
+US$2.8b		69.2%PE32.6x
BURL Burlington StoresUS$329.279.6%
+US$1.7b		34.7%PE33.4x
GAP GapUS$24.933.7%
+US$335.3m		16.6%PE11.4x
ANF Abercrombie & FitchUS$88.553.0%
+US$118.3m		16.9%PE8x

Latest News

BKE
US$50.80
Buckle
7D
3.5%
1Y
28.3%
BOOT
US$157.10
Boot Barn Holdings
7D
-0.5%
1Y
47.4%

BOOT: Future Returns Will Reflect Stronger Margins And Execution Risks

Analyst price targets for Boot Barn Holdings have been lifted by $10 to $237.14, as analysts factor in recent target increases across firms. They emphasize expectations for sustained demand, improving profitability, and a lower assumed future P/E multiple of about 25x in their updated models.
AEO
US$16.52
American Eagle Outfitters
7D
-4.2%
1Y
37.9%

AEO: Aerie Execution And Margin Discipline Will Drive Bullish Outlook

Analysts have trimmed the consolidated price target for American Eagle Outfitters to about $23.89 from $25.78. This reflects a mix of reduced targets tied to a tougher macro backdrop and model resets after Q4, partly offset by support from Aerie strength, margin discipline and modest upward revisions from firms that remain Neutral on the stock.
URBN
US$61.47
Urban Outfitters
7D
-3.6%
1Y
16.8%

URBN: Brand Execution And Rental Platform Expansion Will Support Further Upside

Analysts have trimmed their average price targets on Urban Outfitters by single digits, placing them in a roughly $75 to $85 range. They point to strong contributions from Free People and Anthropologie, growth potential at Nuuly, and a more constructive tone from management, while also aligning multiples more closely with peers and acknowledging that investors may still view the stock as a higher risk idea.
ANF
US$88.55
Abercrombie & Fitch
7D
3.0%
1Y
16.9%

ANF: Sustained Earnings Power And Buybacks Will Drive Future Upside Potential

Abercrombie & Fitch's blended analyst price target has been adjusted to reflect mixed moves across the Street, with cuts from $160 to $149 and $135 to $130, offset by increases such as $102 to $114, as analysts factor in Q4 results, FY26 and FY27 guidance, ERP disruption risk, tariffs and what they view as sustainable earnings power. Analyst Commentary Recent research paints a mixed picture for Abercrombie & Fitch, with both upward and downward price target moves clustered around the latest Q4 report, FY26 and FY27 guidance, and near term operational risks.
TJX
US$159.74
TJX Companies
7D
4.5%
1Y
33.5%

TJX: Off Price Execution And FY27 Guidance Will Frame Balanced Upside Risk

Analysts have nudged TJX Companies' average price target higher into the low $170s, reflecting updated models after strong Q4 results, resilient margins, and guidance that several firms describe as leaving room for upside. Analyst Commentary Bullish and cautious voices are both active around TJX, but the current wave of research is skewed toward higher price targets and confidence in execution following recent results.
VSCO
US$44.56
Victoria's Secret
7D
-6.6%
1Y
127.9%

VSCO: Brand Repositioning And Q1 Momentum Will Support Margin Expansion

The updated analyst price target for Victoria's Secret edges down by $5 to $50, as analysts weigh improving sales momentum, brand repositioning progress, and EPS estimate revisions against expectations that continued investment could pressure margins in the near term. Analyst Commentary Recent Street research on Victoria's Secret reflects a mix of optimism around brand repositioning and sales trends alongside a more measured stance on valuation, margin risks, and execution.
CURV
US$1.71
Torrid Holdings
7D
34.6%
1Y
-68.6%
LE
US$13.34
Lands' End
7D
-1.5%
1Y
29.9%
CAL
US$11.01
Caleres
7D
24.3%
1Y
-37.7%
GAP
US$24.93
Gap
7D
3.7%
1Y
16.6%

GAP: Brand Relevance And Athleta Turnaround Will Drive Future Earnings Momentum

Analysts have nudged their blended price target for Gap higher by about $0.13 to $38.65. This reflects updated views around revenue growth, profit margins and more constructive commentary on core brands and Athleta.
REAL
US$9.15
RealReal
7D
-0.8%
1Y
57.5%

REAL: Reimagined Flagship And Richer Future P/E Will Support Measured Upside

Analysts now see higher upside for RealReal, lifting their price target proxy from about $15.13 to $18.19 as they factor in a richer future P/E of roughly 86.63x, along with slightly adjusted assumptions for growth, margins and discount rate. What's in the News Issued earnings guidance for Q1 2026, with expected total revenue in a range of US$185 million to US$189 million, based on market conditions as of February 26, 2026 (company guidance).
CTRN
US$43.53
Citi Trends
7D
-11.9%
1Y
105.5%
RVLV
US$22.72
Revolve Group
7D
-0.7%
1Y
-0.7%

RVLV: Q4 Beat And Growth Investments Will Support More Constructive Outlook

The analyst price target for Revolve Group has been raised by about $2, reflecting higher modeled revenue growth, improved profit margin assumptions, a modestly lower discount rate, and a reduced future P/E multiple that aligns with recent Street updates following the Q4 earnings beat and growth investment plans. Analyst Commentary Recent Street research on Revolve Group clusters around higher price targets following the Q4 earnings beat, with analysts split on how much of that performance and planned growth investment should be reflected in valuation today.
ROST
US$216.03
Ross Stores
7D
4.3%
1Y
69.2%

ROST: Holiday Beat And Store Expansion May Support Future Balanced Returns

Our analyst price target for Ross Stores increases from $205.13 to $229.81, as analysts highlight a solid Q4 earnings beat, stronger assortments, and broad-based momentum that has led to a series of Street target hikes into the mid-$220s to mid-$240s. Analyst Commentary Street research around Ross Stores has turned broadly constructive following the Q4 report, with multiple firms lifting price targets into a tight US$220 to mid US$240 range and, in some cases, upgrading ratings.
BURL
US$329.27
Burlington Stores
7D
9.6%
1Y
34.7%

BURL: Store Expansion And Margin Outlook Support More Confident 2026 Earnings Path

The analyst price target for Burlington Stores has moved from about $343 to $371, as analysts point to a stronger Q4 performance, an improved margin outlook, and a more confident multi-year earnings path supported by store growth and the off-price model. Analyst Commentary Recent research updates cluster around a similar message: Q4 results came in ahead of expectations, and that is feeding into higher earnings estimates and meaningfully higher price targets for Burlington Stores.