Tearsheet

Abercrombie & Fitch (ANF)


Market Price (10/6/2025): $78.05 | Market Cap: $3.7 Bil
Sector: Consumer Discretionary | Industry: Apparel Retail

Abercrombie & Fitch (ANF)


Market Price (10/6/2025): $78.05
Market Cap: $3.7 Bil
Sector: Consumer Discretionary
Industry: Apparel Retail

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 9.3%
Weak multi-year price returns
2Y Excs Rtn is -24%
 
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
 
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -49%
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 9.3%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -49%
3 Weak multi-year price returns
2Y Excs Rtn is -24%
4 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%

Market Valuation & Key Metrics

ANF Stock


Price Returns Compared

 202020212022202320242025Total [1]
Returns
ANF Return19%71%-34%285%69%-48%396%
Peers Return9%13%-13%28%7%7%58%
S&P 500 Return16%27%-19%24%23%15%108%

Monthly Win Rates [3]
ANF Win Rate50%67%50%83%50%33% 
Peers Win Rate47%45%30%50%40%60% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
ANF Max Drawdown-53%0%-59%-5%0%-55% 
Peers Max Drawdown-46%-5%-33%-10%-12%-32% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: TJX, URBN, AEO, GES, BRIA. See ANF Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/6/2025 (YTD)

Downturns Compared

Unique KeyEventANFS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-69.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven232.5%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven357 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-56.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven131.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven221 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-54.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven120.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven552 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-83.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven497.2%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven5506 days1480 days


How Low Can It Go?

Abercrombie & Fitch's stock fell -69.9% during the 2022 Inflation Shock from a high on 11/18/2021. A -69.9% loss requires a 232.5% gain to breakeven.

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Asset Allocation

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About Abercrombie & Fitch (ANF)

Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands. As of January 29, 2022, it operated approximately 729 retail stores in Europe, Asia, Canada, the Middle East, United States, and internationally. The company sells products through its stores; various third-party wholesale, franchise, and licensing arrangements; and e-commerce platforms. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio.

Better Bets than Abercrombie & Fitch (ANF)

Latest Trefis Analyses

Trade Ideas

Select past trade ideas related to ANF and Apparel Retail.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-1.3%-1.3%-1.3%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.7%1.7%-0.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-2.5%-2.5%-2.5%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
3.1%3.1%-0.6%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
5.1%5.1%-0.1%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-1.3%-1.3%-1.3%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.7%1.7%-0.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-2.5%-2.5%-2.5%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
3.1%3.1%-0.6%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
5.1%5.1%-0.1%

See Trefis Trade Ideas for more.

Recent Active Movers

Recent Active Movers

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Peer Comparisons for Abercrombie & Fitch

Financials

ANFTJXURBNAEOGESBRIAMedian
NameAbercrom.TJX Comp.Urban Ou.American.Guess? BrilliA  
Mkt Price78.05143.1373.0615.8016.822.1044.94
Mkt Cap3.7159.66.62.70.9-3.7
Rev LTM5,10057,9255,8325,2673,092-5,267
Op Inc LTM7446,476557301140-557
FCF LTM3454,04139915213-345
FCF 3Y Avg3904,358285293126-293
CFO LTM5635,935590410101-563
CFO 3Y Avg5786,145479514207-514

Growth & Margins

ANFTJXURBNAEOGESBRIAMedian
NameAbercrom.TJX Comp.Urban Ou.American.Guess? BrilliA  
Rev Chg LTM9.3%4.1%9.6%-2.7%7.8%-7.8%
Rev Chg 3Y Avg11.7%5.3%7.5%1.6%4.9%-5.3%
Rev Chg Q6.6%6.9%11.3%-0.6%5.5%-6.6%
QoQ Delta Rev Chg LTM1.5%1.6%2.7%-0.1%1.3%-1.5%
Op Mgn LTM14.6%11.2%9.5%5.7%4.5%-9.5%
Op Mgn 3Y Avg11.6%10.7%7.6%6.7%6.9%-7.6%
QoQ Delta Op Mgn LTM0.4%0.2%0.3%0.0%-0.6%-0.2%
CFO/Rev LTM11.0%10.2%10.1%7.8%3.3%-10.1%
CFO/Rev 3Y Avg12.8%11.2%8.9%9.9%7.3%-9.9%
FCF/Rev LTM6.8%7.0%6.8%2.9%0.4%-6.8%
FCF/Rev 3Y Avg8.6%8.0%5.2%5.7%4.5%-5.7%

Valuation

ANFTJXURBNAEOGESBRIAMedian
NameAbercrom.TJX Comp.Urban Ou.American.Guess? BrilliA  
Mkt Cap3.7159.66.62.70.9-3.7
P/S0.72.81.10.50.3-0.7
P/EBIT4.823.911.19.011.5-11.1
P/E6.932.113.813.727.7-13.8
P/CFO6.626.911.16.68.5-8.5
Total Yield14.6%4.2%7.3%9.0%11.1%-9.0%
Dividend Yield0.0%1.1%0.0%1.7%7.4%-1.1%
FCF Yield 3Y Avg9.8%3.7%6.5%11.9%12.3%-9.8%
D/E0.30.10.20.71.9-0.3
Net D/E0.10.10.10.71.6-0.1

Returns

ANFTJXURBNAEOGESBRIAMedian
NameAbercrom.TJX Comp.Urban Ou.American.Guess? BrilliA  
1M Rtn-18.3%2.8%3.2%-16.2%1.2%-23.3%-7.5%
3M Rtn-12.3%14.7%3.4%59.0%29.5%-3.6%9.1%
6M Rtn7.1%20.9%58.4%56.0%85.4%-0.1%38.5%
12M Rtn-46.8%26.4%96.1%-26.1%-7.3%--7.3%
3Y Rtn413.4%131.2%235.4%62.1%44.6%-131.2%
1M Excs Rtn-22.3%-1.2%-0.8%-20.2%-2.8%-27.3%-11.5%
3M Excs Rtn-18.7%6.3%-4.7%48.9%18.2%-12.2%0.8%
6M Excs Rtn-26.6%-14.9%23.9%14.8%31.0%-20.5%-0.1%
12M Excs Rtn-59.8%6.4%80.4%-44.0%-21.8%--21.8%
3Y Excs Rtn319.6%58.4%184.2%-15.6%-35.5%-58.4%

Financials

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Single Segment4,2813,6983,713  
Abercrombie   1,2911,465
Hollister   1,8342,159
Total4,2813,6983,7133,1253,623


Price Behavior

Short Interest

Short Interest: As Of Date9152025
Short Interest: Shares Quantity5,272,076
Short Interest: % Change Since 831202511.4%
Average Daily Volume1,799,674
Days-to-Cover Short Interest2.93
Basic Shares Quantity47,550,000
Short % of Basic Shares11.1%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/28/2025-3.1%-1.2%-12.2%
5/29/2025-5.5%-4.2%-0.2%
3/6/20252.9%-9.2%-12.3%
11/27/20240.8%0.9%4.1%
8/29/20243.8%-7.9%-1.6%
5/30/2024-3.1%-1.5%3.4%
3/7/2024-7.2%-1.9%-6.5%
11/22/20230.7%4.2%27.2%
...
SUMMARY STATS   
# Positive8911
# Negative161513
Median Positive2.4%6.5%8.5%
Median Negative-2.9%-7.4%-9.9%
Max Positive5.7%19.0%31.2%
Max Negative-9.5%-13.7%-30.9%

SEC Filings

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Report DateFiling DateFiling
7312025905202510-Q 8/2/2025
4302025606202510-Q 5/3/2025
1312025331202510-K 2/1/2025
103120241206202410-Q 11/2/2024
7312024906202410-Q 8/3/2024
4302024607202410-Q 5/4/2024
1312024401202410-K 2/3/2024
103120231204202310-Q 10/28/2023
7312023901202310-Q 7/29/2023
4302023606202310-Q 4/29/2023
1312023327202310-K 1/28/2023
103120221206202210-Q 10/29/2022
7312022907202210-Q 7/30/2022
4302022608202210-Q 4/30/2022
1312022328202210-K 1/29/2022
103120211206202110-Q 10/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Robinson Kenneth B. 9082025Sell94.601,392131,683556,248Form
1Rust JayEVP Human Resources9032025Sell93.151,500139,725619,261Form
2GOLDMAN JAMES A 9032025Sell96.185,072487,825727,602Form
3ANDERSON KERRII B 9032025Sell95.124,292408,2343,534,291Form
4Coulter Suzanne M 12052024Sell160.002,870459,2001,024,800Form