Daily Stock Opinions and Ratings

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Jim Cramer - Mad Money Abercrombie & Fitch ANF-N BUY May 29, 2024

Top management have created amazing places to shop that attract Millennials and GenZers. Shares have more than doubled in the past year. They reported a huge EPS beat today. Their new wedding shop has succeeded huge.

Jim Cramer - Mad Money

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RISKY

Is up 216% this year and expectations are sky-high going into earnings this week. This is a huge risk if ANF disappoints in any way.

BUY

Great company. Excellent earnings. Would recommend buying.

WATCH

They report Wednesday. Do they deserve to be up 70& for the year? Their stores are always packed.

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TOP PICK

Abercrombie & Fitch is an American lifestyle retailer that focuses on casual wear. Its headquarters are in New Albany, Ohio. The company operates three other offshoot brands: Abercrombie Kids, Hollister Co., and Gilly Hicks. As of February 2020, the company operated 854 stores across all brands. Social media mentions are up 180% in the past 24h.

WEAK BUY

They report this week, so you're playing Russian roulette, but it's a great operator run by a fine CEO. He expects a good quarter.

DON'T BUY

Is -17% in the past month, after they failed to delivered big numbers in their last quarter, a bad quarter.

HOLD

Down over 40%.

Very mature company. Probably very little square footage growth, so it's driven by same-store sales. Tariffs may also be an overhang. If no recession, could be a good time to buy.

BUY ON WEAKNESS

They have two businesses: A&F and Hollister appealing to a younger customer. The latter had a great quarter with same-store sales up 23% though A&F was -10%. Strong and weak. The CEO has rescued ANF from the brink, improving its toxic brand and marketing. They bought back $200 million of shares. ANF could explode if A&F turns around and Hollister remains hot. They avoided tariffs by sourcing from 16 countries.

DON'T BUY

Previous high flyer. Consumer tastes can change. From a technical perspective, a difficult name to want to own. Price below 200-day MA, which is falling. Murky earnings growth, even weak or very flat.

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