Is Abercrombie & Fitch Stock a Buy?
Abercrombie & Fitch (NYSE: ANF), like many other apparel retail stocks, has plunged this year as the COVID-19 crisis has forced its stores to close. A&F's growth had gradually stabilized after CEO Fran Horowitz took the helm in 2017, but its growth decelerated significantly in 2019 before the pandemic derailed its fragile recovery.
However, value-seeking investors might be wondering if A&F's stock has bottomed out after its 40% year-to-date decline. Let's take a fresh look at the retailer to see if it's a worthwhile turnaround play.
Image source: Abercrombie & Fitch.
Source Fool.com