Stitch Fix (NASDAQ:SFIX) Insider Anthony Bacos Sells 100,000 Shares of Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 100,000 shares of Stitch Fix 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 sale, the insider owned 1,071,994 shares of the company’s stock, valued at approximately $4,834,692.94. The trade was a 8.53% decrease in their ownership of the stock. The sale was disclosed in a legal 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, 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 stock was sold at an average price of $4.15, for a total value of $290,500.00.

Stitch Fix Price Performance

Shares of NASDAQ:SFIX opened at $4.54 on Friday. The company has a market cap of $605.77 million, a P/E ratio of -56.75 and a beta of 2.31. The stock’s fifty day moving average price is $3.69 and its 200-day moving average price is $4.05. Stitch Fix, Inc. has a 1 year low of $2.95 and a 1 year high of $5.94.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Wednesday, June 10th. The company reported ($0.01) 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 firm had revenue of $340.28 million for the quarter, compared to the consensus estimate of $333.51 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Stitch Fix, Inc. will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SFIX. William Blair reiterated a “mixed” rating on shares of Stitch Fix in a research report on Friday, March 6th. Telsey Advisory Group dropped their price target on shares of Stitch Fix from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday, March 12th. Northland Securities initiated coverage on shares of Stitch Fix in a research note on Thursday, May 28th. They set an “outperform” rating and a $5.00 target price for the company. UBS Group upped their price objective on shares of Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Finally, Weiss Ratings lowered Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.12.

Institutional Investors Weigh In On Stitch Fix

Several hedge funds and other institutional investors have recently modified their holdings of SFIX. Farther Finance Advisors LLC grew its position in shares of Stitch Fix by 52.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company’s stock worth $51,000 after acquiring an additional 3,329 shares during the last quarter. Pallas Capital Advisors LLC lifted its position in shares of Stitch Fix by 32.2% in the fourth quarter. Pallas Capital Advisors LLC now owns 14,085 shares of the company’s stock worth $74,000 after purchasing an additional 3,428 shares in the last quarter. State of Wyoming boosted its stake in shares of Stitch Fix by 31.9% during the 4th quarter. State of Wyoming now owns 16,001 shares of the company’s stock valued at $84,000 after buying an additional 3,866 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Stitch Fix by 7.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,270 shares of the company’s stock valued at $199,000 after buying an additional 3,993 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Stitch Fix by 12.1% during the second quarter. The Manufacturers Life Insurance Company now owns 39,807 shares of the company’s stock worth $147,000 after purchasing an additional 4,303 shares during the period. 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.