Stitch Fix (NASDAQ:SFIX) Insider Sells $253,400.00 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $3.62, for a total transaction of $253,400.00. Following the sale, the insider directly owned 1,011,994 shares of the company’s stock, valued at $3,663,418.28. This trade represents a 6.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 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 value 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 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 Price Performance

SFIX stock opened at $3.94 on Friday. The stock has a market capitalization of $525.71 million, a P/E ratio of -49.25 and a beta of 2.26. Stitch Fix, Inc. has a 1-year low of $2.95 and a 1-year high of $5.94. The business has a fifty day moving average price of $3.70 and a 200-day moving average price of $3.89.

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

Institutional Investors Weigh In On Stitch Fix

A number of large investors have recently made changes to their positions in SFIX. Hennion & Walsh Asset Management Inc. bought a new position in shares of Stitch Fix in the 2nd quarter worth approximately $48,000. Caerus Investment Advisors LLC bought a new stake in Stitch Fix during the first quarter valued at approximately $36,000. Glenmede Trust Co. NA bought a new stake in Stitch Fix during the first quarter valued at approximately $166,000. Royal Bank of Canada grew its position in Stitch Fix by 984.1% during the first quarter. Royal Bank of Canada now owns 119,230 shares of the company’s stock valued at $394,000 after buying an additional 108,232 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Stitch Fix by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,418,196 shares of the company’s stock valued at $8,004,000 after buying an additional 142,909 shares during the last quarter. 71.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Weiss Ratings upgraded shares of Stitch Fix from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. UBS Group increased 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. Finally, Northland Securities initiated coverage on shares of Stitch Fix in a report on Thursday, May 28th. They issued an “outperform” rating and a $5.00 target price on the stock. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.12.

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.