Stitch Fix (NASDAQ:SFIX) Insider Sells $290,500.00 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $4.15, for a total value of $290,500.00. Following the completion of the sale, the insider owned 1,085,109 shares in the company, valued at $4,503,202.35. This represents a 6.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stitch Fix Stock Performance

SFIX opened at $4.03 on Friday. The stock’s 50-day moving average price is $3.58 and its 200 day moving average price is $4.06. Stitch Fix, Inc. has a 12-month low of $2.95 and a 12-month high of $5.94. The firm has a market cap of $537.72 million, a price-to-earnings ratio of -50.38 and a beta of 2.31.

Stitch Fix (NASDAQ:SFIX) last released 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. The company had revenue of $340.28 million during the quarter, compared to the consensus estimate of $333.51 million. Stitch Fix had a negative return on equity of 9.35% and a negative net margin of 1.43%.Stitch Fix’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) EPS. On average, research analysts forecast that Stitch Fix, Inc. will post -0.15 earnings per share for the current year.

Institutional Trading of Stitch Fix

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Stitch Fix by 52.1% in 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. Caerus Investment Advisors LLC purchased a new stake in shares of Stitch Fix in the 1st quarter valued at approximately $36,000. Royal Bank of Canada increased its position in shares of 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 purchasing an additional 8,408 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of 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 hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on SFIX. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. William Blair reissued a “mixed” rating on shares of Stitch Fix in a research report on Friday, March 6th. Northland Securities started coverage on shares of Stitch Fix in a research note on Thursday, May 28th. They issued an “outperform” rating and a $5.00 price target for the company. UBS Group upped their price objective on Stitch Fix from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Finally, Telsey Advisory Group reduced their price objective on Stitch Fix from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.