Stitch Fix (NASDAQ:SFIX) Insider Anthony Bacos Sells 70,011 Shares of Stock

by · The Markets Daily

Stitch Fix, Inc. (NASDAQ:SFIX – Get Free Report) insider Anthony Bacos sold 70,011 shares of Stitch Fix stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $4.42, for a total value of $309,448.62. Following the sale, the insider directly owned 1,051,994 shares in the company, valued at $4,649,813.48. The trade was a 6.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Bacos also recently made the following trade(s):

  • 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 value 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 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 Stock Down 2.4%

NASDAQ:SFIX traded down $0.10 during trading hours on Wednesday, reaching $4.01. The company had a trading volume of 1,623,067 shares, compared to its average volume of 2,175,312. The stock has a 50-day moving average of $3.70 and a two-hundred day moving average of $4.02. Stitch Fix, Inc. has a one year low of $2.95 and a one year high of $5.94. The firm has a market capitalization of $535.05 million, a PE ratio of -50.12 and a beta of 2.31.

Stitch Fix (NASDAQ:SFIX – Get Free Report) last issued 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 company had revenue of $340.28 million during the quarter, compared to analysts’ expectations of $333.51 million. During the same period last year, the business earned ($0.06) earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Stitch Fix, Inc. will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

SFIX has been the subject of a number of research analyst reports. UBS Group lifted their target price 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. Telsey Advisory Group decreased their price target on Stitch Fix from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Thursday, March 12th. William Blair reiterated a “mixed” rating on shares of Stitch Fix in a research report on Friday, March 6th. Weiss Ratings lowered Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 12th. Finally, Northland Securities started coverage on Stitch Fix in a report on Thursday, May 28th. They set an “outperform” rating and a $5.00 target price on the stock. 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.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.12.

Check Out Our Latest Analysis on SFIX

Hedge Funds Weigh In On Stitch Fix

A number of large investors have recently modified their holdings of SFIX. Farther Finance Advisors LLC increased its holdings in shares of Stitch Fix by 52.1% in the fourth quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company’s stock valued at $51,000 after purchasing an additional 3,329 shares in the last quarter. Caerus Investment Advisors LLC acquired a new position in Stitch Fix during the 1st quarter worth $36,000. Royal Bank of Canada boosted its position in Stitch Fix by 324.6% in the 4th quarter. Royal Bank of Canada now owns 10,998 shares of the company’s stock valued at $57,000 after buying an additional 8,408 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Stitch Fix in the 3rd quarter valued at $50,000. Finally, First Dallas Securities Inc. acquired a new stake in shares of Stitch Fix in the 1st quarter valued at $38,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Stitch Fix Company Profile

(Get Free Report)

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.

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