15 Stocks That Took a Nosedive in January

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

30-day Decline as of February 3, 2025: 27.5%

Abercrombie & Fitch Co. (NYSE:ANF) is a lifestyle retailer based in the United States. The stock went from $158.92 on January 3, to $115.29 on February 3, a decline of 27.5%. While the stock registered a general downward trend during the month, ANF saw its stock price dwindle significantly between January 10 and January 13.

On January 14, analyst firm, Raymond James, lowered its price target for Abercrombie & Fitch Co. (NYSE:ANF) from $180 to $165, keeping an outperform rating on the stock. The decision to decrease the price target is attributed to ANF’s revenue beat not being strong enough and the margin guidance being significantly lower, despite the company raising its Q4 revenue guidance.

Similarly, on January 15, Alex Straton, an analyst at Morgan Stanley lowered his price target on Abercrombie & Fitch Co. (NYSE:ANF) from $149 to $139, keeping an equal weight rating on the stock. The analyst took this decision after ANF decided to raise its Q4 guidance but maintained its operating margin outlook, which is quite low. Straton emphasized that the decision fuels the bearish outlook on the company, explaining why the stock declined significantly in the middle of January.