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 firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $4.04, for a total value of $282,800.00. Following the sale, the insider owned 1,071,994 shares in the company, valued at $4,330,855.76. This trade represents a 6.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 traded up $0.15 during mid-day trading on Wednesday, reaching $4.49. 598,051 shares of the company’s stock were exchanged, compared to its average volume of 2,131,109. Stitch Fix, Inc. has a 12-month low of $2.95 and a 12-month high of $5.94. The stock’s 50 day moving average is $3.62 and its 200 day moving average is $4.05. The company has a market cap of $598.43 million, a price-to-earnings ratio of -55.93 and a beta of 2.31.

Stitch Fix (NASDAQ:SFIX) last announced its earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share for the quarter, topping 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 business had revenue of $340.28 million during the quarter, compared to the consensus estimate of $333.51 million. During the same period in the prior year, the company posted ($0.06) EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts forecast that Stitch Fix, Inc. will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stitch Fix

Institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 worth $199,000 after purchasing an additional 3,993 shares in the last quarter. Creative Planning purchased a new stake in shares of Stitch Fix in the second quarter valued at approximately $46,000. Rhumbline Advisers increased its holdings in shares of Stitch Fix by 8.4% in the second quarter. Rhumbline Advisers now owns 158,130 shares of the company’s stock valued at $585,000 after purchasing an additional 12,190 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Stitch Fix by 5.5% in the second quarter. American Century Companies Inc. now owns 222,670 shares of the company’s stock valued at $824,000 after purchasing an additional 11,611 shares during the last quarter. Finally, Norges Bank purchased a new position in Stitch Fix during the second quarter worth approximately $189,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SFIX has been the subject of a number of research reports. Weiss Ratings cut shares of Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 12th. Telsey Advisory Group decreased their price target on shares of Stitch Fix from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, March 12th. 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. Northland Securities started coverage on Stitch Fix in a report on Thursday, May 28th. They set an “outperform” rating and a $5.00 target price for the company. Finally, Wall Street Zen lowered Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One research 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 MarketBeat.com, Stitch Fix currently has an average rating of “Hold” and an average price target of $5.12.

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.