Finance

What Recent Ownership Trends Suggest About Abercrombie & Fitch Co. (ANF)’s Future Performance

Recent insider trends for Abercrombie & Fitch Co. (NYSE:ANF) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. ANF’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 101.02% of Abercrombie & Fitch Co. (ANF)’s shares. The total value of these holdings, in millions, is $1,309. Among active positions in the latest quarter, 109 holders increased their positions by a total of 11.06 million shares, 92 holders decreased the positions by a total of 10.47 million shares, and 31 holders held their positions. This works out to a net increase in ownership of 596173 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 35 holders initiated new positions by a total of 4.37 million shares and 29 holders exited their positions by a total of 1.53 million shares. This nets out to an increase of 2.84 million shares and is a bullish sign for ANF.

In the last three months, insiders executed a total of 1 trades. 1 were sells. Insider ownership decreased by a total of 8680 shares, which suggests that ANF’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 3 buys and 8 sells, and ownership decreased by a net of 22797 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Abercrombie & Fitch Co. (NYSE:ANF)’s short interest is 14.87 million shares, or 22.05% of the float. This represents a decrease of -5% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for ANF. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ANF is a Strong buy, which implies that ANF is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Abercrombie & Fitch Co. (NYSE:ANF) is undervalued.

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