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

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $3.62, for a total value of $253,400.00. Following the completion of the sale, the insider owned 1,011,994 shares in the company, valued at $3,663,418.28. This represents a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 Monday, July 6th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The shares were sold at an average price of $3.79, for a total value 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 value of $309,448.62.
• On Wednesday, June 24th, Anthony Bacos sold 100,000 shares of Stitch Fix stock. The stock was 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 shares were sold at an average price of $4.15, for a total value of $290,500.00.

Stitch Fix Stock Performance

SFIX stock opened at $3.87 on Thursday. The firm has a fifty day moving average price of $3.69 and a 200 day moving average price of $3.90. 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 market cap of $516.37 million, a PE ratio of -48.38 and a beta of 2.26.

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. Stitch Fix had a negative net margin of 1.43% and a negative return on equity of 9.35%. The company had revenue of $340.28 million for the quarter, compared to the consensus estimate of $333.51 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. Stitch Fix’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts predict that Stitch Fix, Inc. will post -0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Stitch Fix

A number of hedge funds and other institutional investors have recently bought and sold shares of SFIX. Caerus Investment Advisors LLC purchased a new stake in shares of Stitch Fix during the first quarter valued at $36,000. First Dallas Securities Inc. purchased a new position in Stitch Fix in the 1st quarter worth about $38,000. Krilogy Financial LLC bought a new stake in Stitch Fix during the 1st quarter valued at about $46,000. Creative Planning bought a new stake in Stitch Fix during the 2nd quarter valued at about $46,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in Stitch Fix in the 1st quarter valued at about $47,000. Hedge funds and other institutional investors 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.