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 stock in a transaction on Monday, July 20th. The stock was sold at an average price of $3.79, for a total value of $265,300.00. Following the transaction, the insider owned 991,994 shares in the company, valued at $3,759,657.26. The trade was a 6.59% decrease in their position. 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 Monday, July 13th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The stock was 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 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 transaction 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 stock was 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 Up 5.0%

NASDAQ SFIX opened at $4.22 on Wednesday. The company has a market capitalization of $563.07 million, a P/E ratio of -52.75 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 firm has a 50-day moving average price of $3.80 and a two-hundred day moving average price of $3.82.

Stitch Fix (NASDAQ:SFIX) last announced its earnings results on Wednesday, June 10th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $333.51 million. During the same period last year, the firm earned ($0.06) earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities analysts expect that Stitch Fix, Inc. will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Stitch Fix by 3.2% during the third quarter. Vanguard Group Inc. now owns 7,682,725 shares of the company’s stock worth $33,420,000 after purchasing an additional 240,584 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Stitch Fix by 73.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,664,995 shares of the company’s stock valued at $19,241,000 after purchasing an additional 1,549,902 shares during the last quarter. State Street Corp increased its stake in shares of Stitch Fix by 18.6% in the 4th quarter. State Street Corp now owns 3,239,044 shares of the company’s stock valued at $17,005,000 after purchasing an additional 508,588 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Stitch Fix by 302.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,897,171 shares of the company’s stock worth $12,603,000 after buying an additional 2,178,156 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Stitch Fix by 10.5% during the 4th quarter. Geode Capital Management LLC now owns 2,791,632 shares of the company’s stock worth $14,659,000 after buying an additional 266,356 shares in the last quarter. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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