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 business’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $3.62, for a total value of $253,400.00. Following the transaction, the insider directly owned 1,011,994 shares in the company, valued at approximately $3,663,418.28. This represents a 6.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 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 stock was sold at an average price of $4.15, for a total transaction of $290,500.00.

Stitch Fix Stock Up 2.8%

NASDAQ:SFIX traded up $0.10 during mid-day trading on Tuesday, hitting $3.72. 1,163,847 shares of the stock traded hands, compared to its average volume of 2,127,508. Stitch Fix, Inc. has a 52 week low of $2.95 and a 52 week high of $5.94. The stock has a market capitalization of $496.36 million, a price-to-earnings ratio of -46.50 and a beta of 2.26. The firm’s 50 day moving average is $3.69 and its two-hundred day moving average is $3.92.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data 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 net margin of 1.43% and a negative return on equity of 9.35%. The business had revenue of $340.28 million during the quarter, compared to the consensus estimate of $333.51 million. During the same quarter last year, the firm earned ($0.06) earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts predict that Stitch Fix, Inc. will post -0.14 EPS for the current year.

Institutional Investors Weigh In On Stitch Fix

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SFIX shares. Weiss Ratings cut Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 12th. UBS Group upped their price target on shares of Stitch Fix from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Northland Securities began coverage on shares of Stitch Fix in a report on Thursday, May 28th. They set an “outperform” rating and a $5.00 price objective for the company. One 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 stock. According to MarketBeat.com, Stitch Fix has a consensus rating of “Hold” and an average price target of $5.12.

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.