Abercrombie & Fitch shares drop 26% YTD but analyst sees $108 target on stabilizing sales and buybacks.

Abercrombie & Fitch's stock has fallen 26% in 2026 but shows signs of recovery with improving brand sales and strong buyback programs. Analyst Tom Nikic initiated a Buy rating with a $108 target, citing positive sales trends in Abercrombie and Hollister brands, aggressive share repurchases, and global expansion efforts. Key risks include tariff uncertainties, but the company’s solid cash position and consistent earnings growth support the optimistic outlook. Investors should watch for sustained sales growth and management’s EPS guidance to reach the target by year-end.