Should Jos. A. Bank Clothiers Inc (NASDAQ:JOSB) investors track the following data?
In the 21st century investor’s toolkit, there are dozens of metrics market participants can use to watch publicly traded companies. A couple of the most innovative are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top money managers can trounce the broader indices by a superb amount (see just how much).
Equally as crucial, optimistic insider trading activity is a second way to analyze the stock market universe. As the old adage goes: there are many incentives for an executive to drop shares of his or her company, but only one, very obvious reason why they would buy. Various academic studies have demonstrated the useful potential of this method if piggybackers understand where to look (learn more here).
Keeping this in mind, we’re going to study the recent info surrounding Jos. A. Bank Clothiers Inc (NASDAQ:JOSB).
How have hedgies been trading Jos. A. Bank Clothiers Inc (NASDAQ:JOSB)?
In preparation for the third quarter, a total of 15 of the hedge funds we track were long in this stock, a change of 15% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were upping their holdings meaningfully.
When using filings from the hedgies we track, Royce & Associates, managed by Chuck Royce, holds the most valuable position in Jos. A. Bank Clothiers Inc (NASDAQ:JOSB). Royce & Associates has a $123.2 million position in the stock, comprising 0.4% of its 13F portfolio. The second largest stake is held by David Gallo of Valinor Management LLC, with a $21.5 million position; 0.9% of its 13F portfolio is allocated to the company. Some other peers that are bullish include Ricky Sandler’s Eminence Capital, Martin Whitman’s Third Avenue Management and Curtis Schenker and Craig Effron’s Scoggin.
As industrywide interest increased, specific money managers were leading the bulls’ herd. Royce & Associates, managed by Chuck Royce, initiated the most outsized position in Jos. A. Bank Clothiers Inc (NASDAQ:JOSB). Royce & Associates had 123.2 million invested in the company at the end of the quarter. David Gallo’s Valinor Management LLC also made a $21.5 million investment in the stock during the quarter. The following funds were also among the new JOSB investors: Ricky Sandler’s Eminence Capital, Martin Whitman’s Third Avenue Management, and Curtis Schenker and Craig Effron’s Scoggin.
How are insiders trading Jos. A. Bank Clothiers Inc (NASDAQ:JOSB)?
Insider buying made by high-level executives is best served when the company in focus has seen transactions within the past half-year. Over the last six-month time frame, Jos. A. Bank Clothiers Inc (NASDAQ:JOSB) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Jos. A. Bank Clothiers Inc (NASDAQ:JOSB). These stocks are Genesco Inc. (NYSE:GCO), Ann Inc (NYSE:ANN), The Jones Group Inc. (NYSE:JNY), Children’s Place Retail Stores, Inc. (NASDAQ:PLCE), and Aeropostale, Inc. (NYSE:ARO). This group of stocks are the members of the apparel stores industry and their market caps are similar to JOSB’s market cap.