Shares of leading specialty retailer Abercrombie & Fitch (ANF) have rallied 86.9% in price year-to-date with the easing of pandemic-driven restrictions facilitating increased foot traffic in retail stores. So, given the company's solid fundamentals and discounted valuation, is ANF worth adding to one's portfolio at its current price level? Let's find out.Abercrombie & Fitch Co. (ANF) is a multi-brand omnichannel retailer of clothes and accessories for men, women, and children, operating under Hollister, Abercrombie & Fitch, Abercrombie Kids, Moose, Seagull, and Gilly Hicks brands. ANF is headquartered in New Albany, Ohio.
The company's shares have gained 66.7% in price over the past year and 86.9% year-to-date to close yesterday's trading session at $37.92. Its robust top-line growth, driven by improvements across all business segments, has driven the price increase.
The company's continuing efforts to offer quality products and services to its customers have also contributed to its impressive fundamentals and solid growth attributes over the years. Also, with the rising foot traffic in ANF stores due to the holiday season, we think the company could witness promising growth in the coming months.