Abercrombie & Fitch (NYSE:ANF) stock has fallen since I last covered the clothing retailer in March and is down 17% from its peak. Recognizing a more significant margin of safety now that the stock price is lower, I’m relatively bullish on the clothing and accessories brand that has totally reimagined its offering in recent years.
The company remains a significant winner from the past 12 months — the stock has gained 365.6%, as you can see below — and at 14.6x forward earnings, I don’t think it’s particularly expensive.
ANF’s Turnaround Story
Abercrombie & Fitch has implemented one of the most successful turnaround stories in recent times. It may surprise some people to hear that Abercrombie was actually voted the most-hated retail brand as recently as 2016. The company’s earlier focus was on aspirations and attempting to portray an aura of exclusivity. Models were often scantily clad or posed in…
