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

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $4.04, for a total value of $282,800.00. Following the completion of the sale, the insider directly owned 1,071,994 shares of the company’s stock, valued at $4,330,855.76. This trade represents a 6.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 Stock Performance

Shares of SFIX stock traded up $0.15 on Wednesday, hitting $4.49. 598,051 shares of the stock traded hands, compared to its average volume of 2,131,109. Stitch Fix, Inc. has a twelve month low of $2.95 and a twelve month high of $5.94. The stock has a market capitalization of $598.43 million, a PE ratio of -55.93 and a beta of 2.31. The firm’s 50-day moving average price is $3.62 and its two-hundred day moving average price is $4.05.

Stitch Fix (NASDAQ:SFIX) last posted its earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share for the quarter, beating 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 company had revenue of $340.28 million for the quarter, compared to analyst estimates of $333.51 million. During the same period in the previous year, the business posted ($0.06) EPS. Stitch Fix’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Stitch Fix, Inc. will post -0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SFIX. Weiss Ratings lowered Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 12th. Wall Street Zen lowered Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Telsey Advisory Group lowered their price target on Stitch Fix from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, March 12th. UBS Group increased their price target on Stitch Fix from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Finally, William Blair restated a “mixed” rating on shares of Stitch Fix in a report on Friday, March 6th. 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.12.

Hedge Funds Weigh In On Stitch Fix

A number of hedge funds have recently made changes to their positions in the stock. Caerus Investment Advisors LLC acquired a new position in Stitch Fix during the first quarter worth $36,000. First Dallas Securities Inc. acquired a new position in Stitch Fix during the 1st quarter worth about $38,000. Krilogy Financial LLC acquired a new position in Stitch Fix during the 1st quarter worth about $46,000. Creative Planning purchased a new position in Stitch Fix during the 2nd quarter valued at about $46,000. Finally, Chicago Partners Investment Group LLC acquired a new position in Stitch Fix in the 1st quarter valued at about $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.