Shares of specialty apparel and accessories retailer Abercrombie & Fitch Stock (NYSE:ANF) are up nearly 362% in one year. The stock’s outperformance reflects the company’s strong sales, inventory management, expense reduction, and improving profitability. Its net sales improved 16% in 2023, while its operating margin expanded by 880 basis points. As ANF is poised to continue to deliver improved profitability, it’s the right time to delve into its ownership structure.
Now, according to TipRanks’ ownership page, other institutional investors own 48.68% of ANF. They are followed by mutual funds, public companies and individual investors, and insiders at 37.11%, 7.28%, and 6.93%, respectively.
Digging Deeper into ANF’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), iShares owns an 11.49% stake in ANF stock. Next up is Vanguard, which holds a 9.72% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is Negative on Abercrombie & Fitch stock based on the activity of 11 hedge funds. Hedge funds decreased their ANF holdings by 126.6K shares in the last quarter.
On the contrary, individual investors have a Positive view of the company, given that in the last 30 days, the number of portfolios (tracked by TipRanks) holding ANF stock increased by 32.9%. Overall, among the 719,244 portfolios monitored by TipRanks, 0.1% have invested in ANF stock.
What is the Forecast for ANF?
The significant rally in Abercrombie & Fitch stock keeps analysts cautiously optimistic about its prospects. With three Buy and five Hold recommendations, ANF stock has a Moderate Buy consensus rating. Analysts’ average price target of $124.13 implies a 2.86% downside potential from current levels.
Conclusion
TipRanks’ Ownership tool provides ANF ownership structure by category, enabling investors to make well-informed investing decisions.
