Stitch Fix (NASDAQ:SFIX) Insider Sells $451,000.00 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $4.51, for a total transaction of $451,000.00. Following the completion of the sale, the insider directly owned 1,071,994 shares in the company, valued at approximately $4,834,692.94. This trade represents a 8.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Bacos also recently made the following trade(s):

• 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 Price Performance

Shares of SFIX traded up $0.24 during midday trading on Friday, reaching $4.54. The stock had a trading volume of 6,018,546 shares, compared to its average volume of 2,176,187. Stitch Fix, Inc. has a 1-year low of $2.95 and a 1-year high of $5.94. The company’s fifty day simple moving average is $3.67 and its two-hundred day simple moving average is $4.04. The company has a market cap of $605.75 million, a price-to-earnings ratio of -56.75 and a beta of 2.31.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Wednesday, June 10th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.05. The firm had revenue of $340.28 million during the quarter, compared to the consensus estimate of $333.51 million. Stitch Fix had a negative net margin of 1.43% and a negative return on equity of 9.35%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. On average, sell-side analysts forecast that Stitch Fix, Inc. will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On Stitch Fix

A number of hedge funds have recently modified their holdings of the business. Caerus Investment Advisors LLC acquired a new position in shares of Stitch Fix in the 1st quarter valued at $36,000. First Dallas Securities Inc. acquired a new stake in Stitch Fix during the 1st quarter worth $38,000. Krilogy Financial LLC purchased a new position in Stitch Fix during the 1st quarter worth $46,000. Creative Planning purchased a new position in Stitch Fix during the 2nd quarter worth $46,000. Finally, Chicago Partners Investment Group LLC acquired a new position in Stitch Fix in the first quarter valued at $47,000. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SFIX has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. William Blair reissued a “mixed” rating on shares of Stitch Fix in a report on Friday, March 6th. Northland Securities started coverage on shares of Stitch Fix in a report on Thursday, May 28th. They issued an “outperform” rating and a $5.00 target price for the company. Weiss Ratings downgraded shares of Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 12th. Finally, Telsey Advisory Group cut 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. One equities 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.