Stitch Fix (NASDAQ:SFIX) Insider Sells $263,200.00 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of Stitch Fix stock in a transaction on Monday, July 27th. The stock was sold at an average price of $3.76, for a total transaction of $263,200.00. Following the sale, the insider directly owned 971,994 shares in the company, valued at approximately $3,654,697.44. This trade represents a 6.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Bacos also recently made the following trade(s):

• On Monday, July 20th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The stock was sold at an average price of $3.79, for a total transaction of $265,300.00.
• On Monday, July 13th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The stock was sold at an average price of $3.62, for a total transaction of $253,400.00.
• On Monday, July 6th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The stock was sold at an average price of $3.79, for a total transaction of $265,300.00.
• On Monday, June 29th, Anthony Bacos sold 70,011 shares of Stitch Fix stock. The stock was sold at an average price of $4.42, for a total transaction of $309,448.62.
• On Wednesday, June 24th, Anthony Bacos sold 100,000 shares of Stitch Fix stock. The shares were sold at an average price of $4.51, for a total transaction of $451,000.00.
• On Monday, June 22nd, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The shares were sold at an average price of $4.04, for a total transaction of $282,800.00.
• On Tuesday, June 16th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The shares were sold at an average price of $4.15, for a total transaction of $290,500.00.

Stitch Fix Price Performance

SFIX opened at $4.02 on Friday. The company’s 50 day simple moving average is $3.85 and its two-hundred day simple moving average is $3.81. Stitch Fix, Inc. has a 1-year low of $2.95 and a 1-year high of $5.94. The firm has a market capitalization of $536.39 million, a price-to-earnings ratio of -50.25 and a beta of 2.26.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.05. Stitch Fix had a negative return on equity of 9.35% and a negative net margin of 1.43%.The business had revenue of $340.28 million during the quarter, compared to analyst estimates of $333.51 million. During the same period in the prior year, the business earned ($0.06) earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Stitch Fix, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Northland Securities initiated coverage on Stitch Fix in a report on Thursday, May 28th. They issued an “outperform” rating and a $5.00 target price for the company. UBS Group lifted their price target on Stitch Fix from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Wall Street Zen cut shares of Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings raised shares of Stitch Fix from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.12.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Stitch Fix by 7.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,270 shares of the company’s stock worth $199,000 after acquiring an additional 3,993 shares during the period. Creative Planning purchased a new stake in Stitch Fix in the second quarter valued at $46,000. Rhumbline Advisers lifted its stake in shares of Stitch Fix by 8.4% in the 2nd quarter. Rhumbline Advisers now owns 158,130 shares of the company’s stock valued at $585,000 after purchasing an additional 12,190 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Stitch Fix by 5.5% in the 2nd quarter. American Century Companies Inc. now owns 222,670 shares of the company’s stock valued at $824,000 after purchasing an additional 11,611 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Stitch Fix during the 2nd quarter worth $189,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Stitch Fix Company Profile

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.