ANF Stock Predictions: Insider Buying At Abercrombie & Fitch Is A Good Sign
ANF Stock Predictions: Summary
- The latest source of optimism comes from Form 4 insider trading reports recently released from the SEC.
- A change in leadership following CEO Mike Jeffries’ resignation heralds new hope for the struggling brand.
- Implementation of new business strategies aiming to change the face of Abercrombie & Fitch.
- I Know First’s algorithm is bullish on Abercrombie & Fitch.
Investors have anxiously watched Abercrombie & Fitch’s (NYSE: ANF) stock fluctuate since CEO Mike Jeffries stepped down in December 2014. Twenty years ago, Jeffries turned the brand around into the Abercrombie & Fitch we all know today. Unfortunately for the company, changing consumer trends have left ANF in dire need of a makeover. Analysts are certainly aware that sales are down, and investors want to know what the company has in store, but optimism still shines on the future of the brand.
Abercrombie & Fitch executives have implemented a myriad of strategies to revive their brand. While awaiting the results of these changes, other positive signals have popped up including the various insider transactions occurring as of late which shows great confidence coming from the new board members. Furthermore, the expertise of both Fran Horowitz-Bonadies and Christos Angelides in the retail sector has great potential to boost ANF stock back to highly profitable levels. The sweeping changes made both inside and outside the company points ANF stock in a positive direction which mirrors I Know First’s most bullish algorithmic forecast.
