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

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $3.76, for a total transaction of $263,200.00. Following the completion of the transaction, the insider owned 971,994 shares in the company, valued at approximately $3,654,697.44. The trade was a 6.72% decrease in their ownership of the stock. 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 20th, 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, July 13th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The shares were 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 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 stock was 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 stock was 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 shares were sold at an average price of $4.04, for a total value 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 value of $290,500.00.

Stitch Fix Trading Down 3.3%

NASDAQ:SFIX opened at $4.10 on Friday. The stock has a 50 day moving average of $3.84 and a 200-day moving average of $3.80. The firm has a market capitalization of $547.05 million, a PE ratio of -51.25 and a beta of 2.26. Stitch Fix, Inc. has a 52 week low of $2.95 and a 52 week high of $5.94.

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 business had revenue of $340.28 million for the quarter, compared to the consensus estimate of $333.51 million. During the same quarter last year, the business posted ($0.06) EPS. The business’s revenue was up 4.7% on a year-over-year basis. As a group, analysts predict that Stitch Fix, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SFIX. Arrowstreet Capital Limited Partnership increased its stake in shares of Stitch Fix by 302.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,897,171 shares of the company’s stock valued at $12,603,000 after acquiring an additional 2,178,156 shares during the period. Marshall Wace LLP lifted its position in Stitch Fix by 4,898.1% in the second quarter. Marshall Wace LLP now owns 2,010,034 shares of the company’s stock worth $7,437,000 after purchasing an additional 1,969,818 shares during the period. Goldman Sachs Group Inc. boosted its stake in Stitch Fix by 73.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,664,995 shares of the company’s stock valued at $19,241,000 after purchasing an additional 1,549,902 shares in the last quarter. Archon Capital Management LLC bought a new position in Stitch Fix during the 4th quarter valued at $7,702,000. Finally, Intrinsic Edge Capital Management LLC acquired a new position in shares of Stitch Fix during the 4th quarter valued at $6,739,000. 71.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SFIX shares. UBS Group boosted their price target on shares of Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, June 11th. Wall Street Zen cut shares of Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Northland Securities assumed coverage on shares of Stitch Fix in a research report on Thursday, May 28th. They issued an “outperform” rating and a $5.00 price objective on the stock. Finally, Weiss Ratings raised shares of Stitch Fix from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.