10 Best Jim Cramer Stocks to Buy According to Analysts

2. Abercrombie & Fitch Co. (NYSE:ANF)

Average Price Target Upside: 29.60%

Number of Hedge Fund Holders: 51

Before Abercrombie & Fitch Co. (NYSE:ANF) released its third-quarter earnings report, Cramer commented:

“Now we’ve seen a bunch of retailers’ reports not sweating numbers yet in many cases, their stocks still roared. Meanwhile, others like Target get clubbed like baby seals. It’s treacherous to start buying these now because many of these stocks have run mightily in the last few days… Abercrombie bombed last quarter. After listening to the success that is Gap last night, I don’t think ANF gets it wrong twice. They’re too good for that.”

Abercrombie & Fitch (NYSE:ANF) s a well-established name in the retail sector, recognized for its range of offerings, including apparel, personal care items, and accessories. On November 26, it reported its third-quarter earnings, marking its sixth consecutive quarter of double-digit sales growth and surpassing expectations once again.

For the quarter, the company reported a net income of $131.98 million, or $2.50 per share, compared to $96.2 million, or $1.83 per share, in the same period last year. Sales for the quarter reached $1.2 billion, a 14% increase from $1.06 billion in the prior year. Fran Horowitz, the company’s CEO, highlighted that every region saw double-digit growth during the quarter.

The Americas grew by 14%, EMEA increased by 15%, and APAC saw a notable 32% rise in sales. Additionally, Abercrombie & Fitch (NYSE:ANF) brands performed strongly, with each showing growth. Abercrombie brands posted an 11% increase in comparable sales, building on a 26% rise from the previous year. Hollister, another key brand, saw a 21% growth in comparable sales, following a 7% increase in the prior year.