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 business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $3.79, for a total value of $265,300.00. Following the completion of the sale, the insider owned 1,031,994 shares of the company’s stock, valued at $3,911,257.26. This trade represents a 6.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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, 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 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

Stitch Fix stock opened at $3.55 on Thursday. Stitch Fix, Inc. has a 1 year low of $2.95 and a 1 year high of $5.94. The firm’s 50-day moving average is $3.69 and its 200-day moving average is $3.96. The company has a market cap of $473.68 million, a P/E ratio of -44.38 and a beta of 2.26.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Wednesday, June 10th. The company reported ($0.01) earnings per share 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 the consensus estimate 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 revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.06) EPS. As a group, sell-side analysts predict that Stitch Fix, Inc. will post -0.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SFIX. UBS Group increased 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. Weiss Ratings lowered Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 12th. Wall Street Zen downgraded Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Telsey Advisory Group dropped their target price on Stitch Fix from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Thursday, March 12th. Finally, Northland Securities assumed coverage on Stitch Fix in a research note on Thursday, May 28th. They issued an “outperform” rating and a $5.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.12.

Institutional Investors Weigh In On Stitch Fix

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Stitch Fix by 52.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company’s stock valued at $51,000 after buying an additional 3,329 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in Stitch Fix by 32.2% in the 4th quarter. Pallas Capital Advisors LLC now owns 14,085 shares of the company’s stock worth $74,000 after buying an additional 3,428 shares in the last quarter. State of Wyoming grew its holdings in Stitch Fix by 31.9% in the 4th quarter. State of Wyoming now owns 16,001 shares of the company’s stock worth $84,000 after buying an additional 3,866 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Stitch Fix by 7.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,270 shares of the company’s stock valued at $199,000 after acquiring an additional 3,993 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Stitch Fix by 12.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,807 shares of the company’s stock valued at $147,000 after acquiring an additional 4,303 shares during the period. Institutional investors and hedge funds 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.