5 Shopping Stocks to Buy in Holiday Season

Page 5 of 5

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

Number of Hedge Fund Holders: 32    

Abercrombie & Fitch Co. (NYSE:ANF) is an Ohio-based specialty retailer. Jefferies analyst Janine Stichter has a Buy rating on the shares with a price target of $57. In an investor note, the analyst highlighted how the company was taking advantage of a post-pandemic economic boom to invest in key growth opportunities. Stichter also backed the firm to increase digital gains in the coming months. 

The predictions of the analyst seem to be coming true. Abercrombie & Fitch Co. (NYSE:ANF) recently announced that it would be offering same-day delivery to all customers who ordered from the company’s stores. The retailer has a partnership with Uber and other brands for the purpose. 

At the end of the second quarter of 2021, 32 hedge funds in the database of Insider Monkey held stakes worth $564 million in Abercrombie & Fitch Co. (NYSE:ANF), up from 20 in the previous quarter worth $412 million.

You can also take a peek at 10 Cheap Dividend Kings with Over 2% Yield and 12 Best Semiconductor Stocks To Invest In Right Now.

Page 5 of 5