5 Best Stocks to Buy According to Steven Baughman’s Divisar Capital

3. Abercrombie & Fitch Co. (NYSE: ANF)

Baughman’s Stake Value: $20,035,000
Percentage of Steven Baughman’s 13F Portfolio: 6.77%
Number of Hedge Fund Holders: 20

Abercrombie & Fitch Co. (NYSE: ANF) operates as a specialty retailer through its subsidiaries. The company was founded in 1892 and stands third on the list of 10 best stocks to buy according to Steven Baughman’s Divisar Capital. Shares of Abercrombie surged 248.38% in the past 12 months. 

On June 9, Jefferies initiated coverage on Abercrombie & Fitch Co. (NYSE: ANF), upgrading the stock to “Buy” from “Hold,” with a price target of $57. On May 26, Abercrombie reported its earnings for the first quarter of 2021. It posted earnings per share of $0.67, beating the estimates by $1.05. In addition, the revenue over the period was $781.41 million, beating the market predictions by $92.88 million.

The hedge fund chaired by Steven Baughman holds 583,937 shares in Abercrombie & Fitch Co. (NYSE: ANF) worth over $20 million. Divisar Capital stake in Abercrombie shares decreased by 34% in the past few months. Out of the hedge funds being tracked by Insider Monkey, Paradice Investment Management is a leading shareholder in Abercrombie with 2.69 million shares worth more than $124 million.