Billionaire Jim Simons’ RenTech’s 10 Small-Cap Stock Picks with Huge Upside Potential

2. Abercrombie & Fitch Company (NYSE:ANF)

Renaissance Technologies’ Stake Value: $139,711,004

Upside Potential as of May 1: 78.81%

Market Capitalization as of May 1: $3.29 Billion

Number of Hedge Fund Holders: 51

Abercrombie & Fitch Company (NYSE:ANF) is a clothing retailer that designs and sells casual sportswear and accessories. It offers apparel and related products for men, women, and kids. The company operates through two brand segments: Abercrombie (including Abercrombie & Fitch and abercrombie kids) and Hollister (including Hollister and Gilly Hicks).

Abercrombie & Fitch Company (NYSE:ANF) reported $4.95 billion in net sales for the full year 2024, up 16% year-over-year. The growth resulted from a comparable sales expansion of 17%, with double-digit increases across all regions and brands. The Abercrombie brand family posted net sales growth of 16%, while the Hollister brand family grew net sales by 15%. As a result, the full-year operating margin came in at 15.0%, a 370 basis point improvement over 2023. Net income per diluted share touched $10.69, a 72% growth year-over-year.

The retailer continues to expand its physical retail footprint with strategically located stores. On April 28, 2025, the company opened its first location in Williamsburg, Brooklyn. The new 6,000-square-foot store spans two floors and features the brand’s complete women’s and men’s collections along with its activewear range, Your Personal Best (YPB). The Brooklyn opening follows recent international expansions in London and Hong Kong. On April 21, 2025, Barclays initiated coverage with an Equalweight rating and a price target of $71.00. According to the firm, Abercrombie & Fitch Company’s (NYSE:ANF) strong performance and growth opportunities balance against potential challenges to profitability.