Was Jim Cramer Right About Abercrombie & Fitch Co. (ANF)?

We recently published a list of Was Jim Cramer Right About These 12 Stocks? In this article, we are going to take a look at where Abercrombie & Fitch Co. (NYSE:ANF) stands against other stocks that Jim Cramer discusses.

Back in 2024, on May 17, a caller highlighted Abercrombie & Fitch Co. (NYSE:ANF)’s impressive returns and asked Cramer to weigh in. He was enthusiastic and called it the best retailer he followed at the time:

“Oh yeah, I mean I was reading the MVP again today. I think — I expect nothing but good things. You are dead right. Why is that market cap so small and that company so good? I think it’s because of leftover memory of what it used to be like.”

A close-up of a customer trying on a piece of apparel in the retailer’s spacious dressing room, emphasizing the company’s focus on personal care and experience.

However, Cramer’s favorite retailer dropped sharply after his endorsement, falling 41.69% and reversing its momentum.

Abercrombie & Fitch Co. (NYSE:ANF) has disappointed after a powerful run, weighed down by tough comps and shifting consumer habits. Cramer appeared more cautious in a recent episode in late April but still thinks it’s a good buying opportunity. Here’s the outlook he gave for the stock:

“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.”

Overall, ANF ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of ANF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ANF and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.