Stitch Fix (NASDAQ:SFIX) Insider Anthony Bacos Sells 70,000 Shares

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $4.09, for a total transaction of $286,300.00. Following the transaction, the insider owned 951,994 shares in the company, valued at approximately $3,893,655.46. This trade represents a 6.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 27th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The shares were sold at an average price of $3.76, for a total transaction of $263,200.00.
• 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 shares were 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 stock was sold at an average price of $4.15, for a total transaction of $290,500.00.

Stitch Fix Stock Performance

Shares of SFIX opened at $4.12 on Thursday. Stitch Fix, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $5.94. The firm has a 50-day simple moving average of $3.89 and a 200-day simple moving average of $3.77. The company has a market capitalization of $549.72 million, a price-to-earnings ratio of -51.50 and a beta of 2.26.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.05. The firm had revenue of $340.28 million for the quarter, compared to analysts’ expectations of $333.51 million. Stitch Fix had a negative return on equity of 9.35% and a negative net margin of 1.43%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) EPS. Equities research analysts forecast that Stitch Fix, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Stitch Fix

Institutional investors have recently added to or reduced their stakes in the business. Caerus Investment Advisors LLC purchased a new position in shares of Stitch Fix during the 1st quarter worth approximately $36,000. First Dallas Securities Inc. purchased a new stake in shares of Stitch Fix in the first quarter valued at approximately $38,000. Krilogy Financial LLC purchased a new stake in shares of Stitch Fix in the first quarter valued at approximately $46,000. Creative Planning acquired a new position in Stitch Fix during the second quarter worth $46,000. Finally, Chicago Partners Investment Group LLC acquired a new position in Stitch Fix during the first quarter worth $47,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.

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.