Stitch Fix (NASDAQ:SFIX) Insider Anthony Bacos Sells 70,000 Shares

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of Stitch Fix stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $4.15, for a total value of $290,500.00. Following the transaction, the insider owned 1,085,109 shares of the company’s stock, valued at $4,503,202.35. This trade represents a 6.06% decrease in their position. The transaction was disclosed in a legal filing 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

Shares of SFIX opened at $4.03 on Friday. The firm has a market capitalization of $550.18 million, a P/E ratio of -50.38 and a beta of 2.31. Stitch Fix, Inc. has a 52 week low of $2.95 and a 52 week high of $5.94. The stock has a 50 day moving average price of $3.56 and a two-hundred day moving average price of $4.06.

Stitch Fix (NASDAQ:SFIX) last posted its earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share 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 for the quarter, compared to analyst estimates of $333.51 million. During the same quarter last year, the company earned ($0.06) earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts forecast that Stitch Fix, Inc. will post -0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

SFIX has been the topic of several recent analyst reports. William Blair restated a “mixed” rating on shares of Stitch Fix in a research note on Friday, March 6th. Weiss Ratings lowered shares of Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 12th. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Northland Securities began coverage on shares of Stitch Fix in a research report on Thursday, May 28th. They set an “outperform” rating and a $5.00 price target on the stock. Finally, Telsey Advisory Group cut their price target on shares of Stitch Fix from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, March 12th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.12.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Working Capital Advisors UK Ltd. increased its position in shares of Stitch Fix by 15.9% during the 3rd quarter. Working Capital Advisors UK Ltd. now owns 11,046,077 shares of the company’s stock valued at $48,050,000 after purchasing an additional 1,512,475 shares during the last quarter. Vanguard Group Inc. grew its position in Stitch Fix by 3.2% during the third quarter. Vanguard Group Inc. now owns 7,682,725 shares of the company’s stock valued at $33,420,000 after buying an additional 240,584 shares during the period. Goldman Sachs Group Inc. increased its holdings in Stitch Fix by 73.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,664,995 shares of the company’s stock worth $19,241,000 after buying an additional 1,549,902 shares during the last quarter. State Street Corp increased its holdings in Stitch Fix by 18.6% during the fourth quarter. State Street Corp now owns 3,239,044 shares of the company’s stock worth $17,005,000 after buying an additional 508,588 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Stitch Fix by 302.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,897,171 shares of the company’s stock worth $12,603,000 after acquiring an additional 2,178,156 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.