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 company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $4.04, for a total transaction of $282,800.00. Following the completion of the sale, the insider owned 1,071,994 shares of the company’s stock, valued at approximately $4,330,855.76. This represents a 6.13% decrease in their position. The transaction 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 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 Trading Up 1.8%

SFIX stock opened at $4.41 on Thursday. Stitch Fix, Inc. has a 1-year low of $2.95 and a 1-year high of $5.94. The firm has a market cap of $588.43 million, a PE ratio of -55.12 and a beta of 2.31. The business’s 50-day moving average price is $3.65 and its two-hundred day moving average price is $4.05.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share (EPS) 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 company 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 earned ($0.06) earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts forecast that Stitch Fix, Inc. will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SFIX. Weiss Ratings lowered shares of Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 12th. Northland Securities assumed coverage on shares of Stitch Fix in a report on Thursday, May 28th. They set an “outperform” rating and a $5.00 price objective on the stock. William Blair reaffirmed a “mixed” rating on shares of Stitch Fix in a research report on Friday, March 6th. Telsey Advisory Group reduced their target price on shares of Stitch Fix from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday, March 12th. Finally, UBS Group raised their price target on shares of Stitch Fix from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.12.

Hedge Funds Weigh In On Stitch Fix

Several institutional investors and hedge funds have recently made changes to their positions in SFIX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 acquired a new position in shares of Stitch Fix during the 2nd quarter worth approximately $46,000. Rhumbline Advisers lifted its position in shares of Stitch Fix by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 158,130 shares of the company’s stock valued at $585,000 after acquiring an additional 12,190 shares during the period. American Century Companies Inc. grew its holdings in shares of Stitch Fix by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 222,670 shares of the company’s stock worth $824,000 after purchasing an additional 11,611 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Stitch Fix during the 2nd quarter worth approximately $189,000. 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.