Independent Director James Goldman Sold A Bunch Of Shares In Abercrombie & Fitch

We'd be surprised if Abercrombie & Fitch Co. (NYSE:ANF) shareholders haven't noticed that the Independent Director, James Goldman, recently sold US$488k worth of stock at US$96.18 per share. That sale was 40% of their holding, so it does make us raise an eyebrow.

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The Last 12 Months Of Insider Transactions At Abercrombie & Fitch

The Executive VP and Chief Digital & Technology Officer, Samir Desai, made the biggest insider sale in the last 12 months. That single transaction was for US$2.5m worth of shares at a price of US$131 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$93.48). So it is hard to draw any strong conclusion from it.

Insiders in Abercrombie & Fitch didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Abercrombie & Fitch

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Insider Ownership Of Abercrombie & Fitch

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Abercrombie & Fitch insiders own about US$101m worth of shares (which is 2.3% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Abercrombie & Fitch Tell Us?

Insiders haven't bought Abercrombie & Fitch stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. But since Abercrombie & Fitch is profitable and growing, we're not too worried by this. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For instance, we've identified 3 warning signs for Abercrombie & Fitch (2 are concerning) you should be aware of.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.