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Is Abercrombie & Fitch Stock a Buy?

TheMotleyFool

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Is Abercrombie & Fitch Stock a Buy?Photo, wide shot, wide-angle lens, Department store, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/57f223bf-67a0-476b-94dd-76010fccb266.png

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

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