8 Stocks on Jim Cramer’s Radar Recently

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

Number of Hedge Fund Holders: 51

While mentioning that the stock might be undervalued, a caller inquired about Abercrombie & Fitch Co. (NYSE:ANF). Here’s what Cramer had to say:

“You know what, I’ve got to see what they look like in a tariffed world… because I don’t know exactly how much of their stuff is going to have to go up in price. The stock is reflecting a lot of that, but you’re right, it’s six times earnings. But you and I both know six times earnings means usually that the earnings are too high. But it’s 65 bucks, $3.3 billion company. I think you can pick up a little, but then wait.”

Abercrombie & Fitch (NYSE:ANF) is a retail company that sells clothing, accessories, and personal care products through different channels. The company offers its items under brand names like Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks. Earlier in March, on Squawk on the Street, Cramer commented:

“I thought Abercrombie, it had some good things to say, but overall they didn’t… We are Carl, without a doubt, getting to this moment where you have for retail, I don’t wanna call it existential, but you do have a situation where they had a good quarter but they can’t assess the tariffs. They can’t assess the weakness. They’re all worried about, jobs. And Abercombie and Fitch, by the way, is a very, very good company. Very good company. Reports a quarter that looks okay if you read everything you’d say okay but little, little worried about what’s going to happen with tariffs. And people just take it out and they shoot it. Now one of these like, you know, Best Buy yesterday’s guide, they have 60% China 20% Mexico so we get that. But this is a good company that was on a huge winning streak but now it’s so despised. When you mention to me what could happen down the road after the President’s done with this part of the agenda. You know you look at this and you’ll say how did that get there. But right now you just can’t look at it. You just say, I can’t buy Abercrombie. And it’s rather amazing because boy they were on a hot streak… And a lot of people felt that last dip was buyable and that was clearly not the case.”