Anthony Bacos Sells 70,011 Shares of Stitch Fix (NASDAQ:SFIX) Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,011 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $4.42, for a total value of $309,448.62. Following the sale, the insider owned 1,051,994 shares in the company, valued at approximately $4,649,813.48. This trade represents a 6.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 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 value of $451,000.00.
• On Monday, June 22nd, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The stock was sold at an average price of $4.04, for a total value 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 value of $290,500.00.

Stitch Fix Stock Performance

Shares of SFIX stock opened at $3.84 on Friday. The stock’s fifty day moving average is $3.70 and its 200-day moving average is $4.00. The stock has a market capitalization of $512.37 million, a PE ratio of -48.00 and a beta of 2.26. Stitch Fix, Inc. has a 52 week low of $2.95 and a 52 week high of $5.94.

Stitch Fix (NASDAQ:SFIX) last released 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. The business had revenue of $340.28 million during 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% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) earnings per share. As a group, analysts forecast that Stitch Fix, Inc. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SFIX shares. UBS Group upped their target price on shares of Stitch Fix from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. William Blair reissued a “mixed” rating on shares of Stitch Fix in a report on Friday, March 6th. Telsey Advisory Group dropped their price objective on shares of Stitch Fix from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, March 12th. Wall Street Zen downgraded Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Northland Securities assumed coverage on Stitch Fix in a research report on Thursday, May 28th. They issued an “outperform” rating and a $5.00 price objective on the stock. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.12.

Institutional Investors Weigh In On Stitch Fix

Institutional investors have recently modified their holdings of the business. Landscape Capital Management L.L.C. lifted its holdings in Stitch Fix by 49.0% in the fourth quarter. Landscape Capital Management L.L.C. now owns 1,230,124 shares of the company’s stock valued at $6,458,000 after buying an additional 404,322 shares during the period. AXQ Capital LP grew its holdings in Stitch Fix by 51.4% during the 4th quarter. AXQ Capital LP now owns 43,917 shares of the company’s stock worth $231,000 after acquiring an additional 14,901 shares during the period. Bailard Inc. bought a new stake in shares of Stitch Fix during the 4th quarter valued at $225,000. Versor Investments LP raised its position in shares of Stitch Fix by 9.9% during the 4th quarter. Versor Investments LP now owns 114,600 shares of the company’s stock valued at $602,000 after acquiring an additional 10,300 shares during the last quarter. Finally, Argos Wealth Advisors LLC acquired a new position in shares of Stitch Fix in the 4th quarter valued at $362,000. Institutional investors and hedge funds own 71.04% of the company’s stock.

About Stitch Fix

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.