Stitch Fix (NASDAQ:SFIX) Insider Anthony Bacos Sells 70,000 Shares of Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $3.76, for a total value of $263,200.00. Following the completion of the sale, the insider directly owned 971,994 shares of the company’s stock, valued at approximately $3,654,697.44. This represents a 6.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 20th, 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, 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 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 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 0.5%

Stitch Fix stock opened at $4.24 on Thursday. The firm has a fifty day simple moving average of $3.82 and a two-hundred day simple moving average of $3.81. Stitch Fix, Inc. has a twelve month low of $2.95 and a twelve month high of $5.94. The company has a market capitalization of $565.74 million, a PE ratio of -53.00 and a beta of 2.26.

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, 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 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 company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that Stitch Fix, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wall Street Zen cut Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. UBS Group increased their price objective on Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Weiss Ratings upgraded shares of Stitch Fix from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. Finally, Northland Securities began coverage on shares of Stitch Fix in a research note on Thursday, May 28th. They issued an “outperform” rating and a $5.00 target price on the stock. 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, the stock currently has an average rating of “Hold” and a consensus price target of $5.12.

Institutional Investors Weigh In On Stitch Fix

Several institutional investors and hedge funds have recently bought and sold shares of SFIX. Caerus Investment Advisors LLC bought a new stake in shares of Stitch Fix in the 1st quarter worth approximately $36,000. First Dallas Securities Inc. bought a new position in shares of Stitch Fix during the first quarter valued at approximately $38,000. Krilogy Financial LLC purchased a new stake in Stitch Fix in the first quarter worth $46,000. Creative Planning purchased a new stake in Stitch Fix in the second quarter worth $46,000. Finally, Chicago Partners Investment Group LLC bought a new stake in Stitch Fix in the first quarter valued at $47,000. Hedge funds and other institutional investors 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.