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Abercrombie & Fitch (ANF) stock is down around 45% from its highs. The sell-off has been significant and arguably unwarranted, given its consistent revenue and earnings beats over the past two years. Despite offloading my shares closer to the peak, I’m bullish on ANF stock, which appears to be trading below fair value.
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With the company expected to deliver robust earnings growth in less than 30 days, there are several good reasons to suspect that ANF will bounce back into equilibrium in relation to its retail peers. Meanwhile, on Wall St., ANF’s share price targets suggest severely oversold conditions.
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