Stitch Fix (NASDAQ:SFIX) Insider Sells $265,300.00 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of the company’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $3.79, for a total value of $265,300.00. Following the transaction, the insider directly owned 991,994 shares of the company’s stock, valued at approximately $3,759,657.26. This represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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 Monday, July 27th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The stock was sold at an average price of $3.76, for a total value of $263,200.00.
• 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 value 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 value 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 value 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 value 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 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 Trading Down 3.3%

SFIX stock opened at $4.10 on Friday. The stock has a market cap of $547.05 million, a P/E ratio of -51.25 and a beta of 2.26. Stitch Fix, Inc. has a twelve month low of $2.95 and a twelve month high of $5.94. The company’s 50 day moving average is $3.84 and its two-hundred day moving average is $3.80.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.05. The business had revenue of $340.28 million during the quarter, compared to analysts’ expectations of $333.51 million. Stitch Fix had a negative net margin of 1.43% and a negative return on equity of 9.35%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.06) EPS. On average, equities research analysts predict that Stitch Fix, Inc. will post -0.14 earnings per share for the current year.

Institutional Trading of Stitch Fix

Several institutional investors and hedge funds have recently bought and sold shares of SFIX. Arrowstreet Capital Limited Partnership boosted its stake in Stitch Fix by 302.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,897,171 shares of the company’s stock worth $12,603,000 after purchasing an additional 2,178,156 shares during the period. Marshall Wace LLP increased its stake 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 valued at $7,437,000 after purchasing an additional 1,969,818 shares during the period. Goldman Sachs Group Inc. increased its stake in Stitch Fix by 73.3% in the fourth 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 during the period. Archon Capital Management LLC acquired a new position in Stitch Fix in the fourth quarter valued at $7,702,000. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of Stitch Fix in the fourth quarter valued at about $6,739,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SFIX shares. Northland Securities began coverage on Stitch Fix in a report on Thursday, May 28th. They set an “outperform” rating and a $5.00 price objective on the stock. UBS Group boosted their target price on 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 Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings raised Stitch Fix from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.12.

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.