Shares of Abercrombie & Fitch (ANF) were up 35% at noon hour on Nov. 25 as investors bet that the worst is over for the clothing retailer.
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It had been a difficult 18 months for Abercrombie & Fitch and its stock. Worries that growth was slowing at the Ohio-based clothing retailer had sent its share price spiraling downward. Between June 2024 and now, ANF stock plunged 65%, from a peak of $186 to a trough of $65 a share.
Confidence appears to have been restored after Abercrombie & Fitch reported strong financial results for this year’s third quarter and provided bullish forward guidance. However, even with today’s huge move higher, ANF stock remains down 40% in 2025 and on track for its worst year since 2016.
Abercrombie & Fitch’s Strong Print
Abercrombie & Fitch announced earnings per share of $2.36 for what was its fiscal third quarter, surpassing analysts’ consensus forecast of $2.17. Revenue totaled $1.29 billion, in line with Wall Street’s expectations, although comparable-store sales rose 3% from a year earlier.
The big news in the strong earnings print was that the Hollister brand’s comparable sales rose 15% from a year ago. Abercrombie’s management team also raised the low-end of their full-year guidance, saying they now expect net sales to rise 6% to 7% this year, up from a previous range of 5% to 7%. Earnings per share are expected to be between $10.20 and $10.50, compared with an earlier range of $10 to $10.50.
The revised guidance is in line with Wall Street’s forecasts. Abercrombie & Fitch has struggled with a pullback in consumer discretionary spending and tariff impacts. But investors appear to be betting that those issues might now be sliding into the company’s rearview mirror.
Is ANF Stock a Buy?
The stock of Abercrombie & Fitch has a consensus Moderate Buy rating among 10 Wall Street analysts. That rating is based on five Buy and five Hold recommendations issued in the last three months. The average ANF price target of $102.33 implies 15.65% upside from current levels.
