Insider Selling: Stitch Fix (NASDAQ:SFIX) Insider Sells $286,300.00 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $4.09, for a total value of $286,300.00. Following the transaction, the insider directly owned 951,994 shares in the company, valued at $3,893,655.46. The trade was a 6.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 shares were 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 stock was sold at an average price of $3.62, for a total transaction of $253,400.00.
• 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 transaction 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 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 shares were sold at an average price of $4.15, for a total transaction of $290,500.00.

Stitch Fix Trading Up 4.2%

NASDAQ SFIX opened at $4.20 on Friday. Stitch Fix, Inc. has a 1-year low of $2.95 and a 1-year high of $5.94. The company has a market capitalization of $560.41 million, a PE ratio of -52.50 and a beta of 2.26. The firm’s fifty day simple moving average is $3.91 and its 200-day simple moving average is $3.76.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Wednesday, June 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $340.28 million during the quarter, compared to analysts’ expectations of $333.51 million. During the same quarter 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. As a group, analysts predict that Stitch Fix, Inc. will post -0.14 EPS for the current year.

Analyst Ratings Changes

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

Institutional Trading of Stitch Fix

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Caerus Investment Advisors LLC acquired a new position in shares of Stitch Fix in the first quarter valued at $36,000. First Dallas Securities Inc. bought a new position in Stitch Fix in the first quarter worth $38,000. Krilogy Financial LLC acquired a new stake in Stitch Fix during the first quarter worth $46,000. Creative Planning acquired a new stake in Stitch Fix during the second quarter worth $46,000. Finally, Chicago Partners Investment Group LLC bought a new stake in Stitch Fix in the 1st quarter valued at $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.