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

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $4.51, for a total value of $451,000.00. Following the completion of the transaction, the insider directly owned 1,071,994 shares in the company, valued at approximately $4,834,692.94. This trade represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 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 Up 5.6%

NASDAQ:SFIX opened at $4.54 on Friday. Stitch Fix, Inc. has a 12 month low of $2.95 and a 12 month high of $5.94. The stock has a market capitalization of $605.77 million, a price-to-earnings ratio of -56.75 and a beta of 2.31. The firm has a fifty day simple moving average of $3.69 and a two-hundred day simple moving average of $4.05.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data 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 firm had revenue of $340.28 million for the quarter, compared to analyst estimates of $333.51 million. Stitch Fix had a negative net margin of 1.43% and a negative return on equity of 9.35%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.06) earnings per share. Equities analysts predict that Stitch Fix, Inc. will post -0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on SFIX. William Blair restated a “mixed” rating on shares of Stitch Fix in a report on Friday, March 6th. UBS Group lifted their price target on shares of Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Northland Securities began coverage on shares of Stitch Fix in a research note on Thursday, May 28th. They set an “outperform” rating and a $5.00 price target for the company. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Telsey Advisory Group dropped their price objective on shares of 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 investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Stitch Fix presently has an average rating of “Hold” and an average target price of $5.12.

Institutional Trading of Stitch Fix

A number of institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its position 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 purchasing an additional 3,329 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of Stitch Fix by 32.2% in the 4th quarter. Pallas Capital Advisors LLC now owns 14,085 shares of the company’s stock worth $74,000 after buying an additional 3,428 shares during the last quarter. State of Wyoming boosted its holdings in shares of Stitch Fix by 31.9% in the 4th quarter. State of Wyoming now owns 16,001 shares of the company’s stock worth $84,000 after buying an additional 3,866 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Stitch Fix by 7.0% during the first 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 period. Finally, The Manufacturers Life Insurance Company increased its holdings 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 buying an additional 4,303 shares during the last quarter. 71.04% of the stock is owned by hedge funds and other institutional investors.

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.