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

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of Stitch Fix stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $4.09, for a total value of $286,300.00. Following the completion of the sale, the insider directly owned 951,994 shares in the company, valued at approximately $3,893,655.46. This represents a 6.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 27th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The stock was sold at an average price of $3.76, for a total value of $263,200.00.
• On Monday, July 20th, 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, July 13th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The shares were sold at an average price of $3.62, for a total value of $253,400.00.
• 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 stock was 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 shares were 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 transaction of $290,500.00.

Stitch Fix Stock Down 3.1%

Shares of NASDAQ:SFIX traded down $0.13 during midday trading on Wednesday, hitting $4.12. The stock had a trading volume of 1,610,125 shares, compared to its average volume of 2,049,473. The company has a market cap of $549.73 million, a P/E ratio of -51.50 and a beta of 2.26. Stitch Fix, Inc. has a 12 month low of $2.95 and a 12 month high of $5.94. The business’s 50-day simple moving average is $3.88 and its 200-day simple moving average is $3.78.

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, topping the consensus estimate of ($0.06) by $0.05. The firm had revenue of $340.28 million for the quarter, compared to analyst estimates of $333.51 million. Stitch Fix had a negative net margin of 1.43% and a negative return on equity of 9.35%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) earnings per share. As a group, equities analysts predict that Stitch Fix, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Stitch Fix

Several institutional investors and hedge funds have recently modified their holdings of the stock. Caerus Investment Advisors LLC bought a new position in shares of Stitch Fix in the first quarter valued at about $36,000. First Dallas Securities Inc. bought a new stake in shares of Stitch Fix during the 1st quarter worth about $38,000. Krilogy Financial LLC bought a new stake in shares of Stitch Fix during the 1st quarter worth about $46,000. Creative Planning acquired a new position in Stitch Fix in the 2nd quarter valued at about $46,000. Finally, Chicago Partners Investment Group LLC acquired a new position in Stitch Fix in the 1st quarter valued at about $47,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.

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.