Was Jim Cramer Right About These 12 Stocks?

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

Number of Hedge Fund Holders: 51

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.”

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.”