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

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of Stitch Fix stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $4.04, for a total transaction of $282,800.00. Following the transaction, the insider owned 1,071,994 shares of the company’s stock, valued at approximately $4,330,855.76. The trade was a 6.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 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 transaction of $290,500.00.

Stitch Fix Price Performance

Shares of SFIX opened at $4.30 on Friday. Stitch Fix, Inc. has a 1-year low of $2.95 and a 1-year high of $5.94. The stock has a market cap of $573.75 million, a price-to-earnings ratio of -53.75 and a beta of 2.31. The firm has a 50 day simple moving average of $3.67 and a 200-day simple moving average of $4.04.

Stitch Fix (NASDAQ:SFIX) last posted its earnings results 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. The firm had revenue of $340.28 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS. On average, equities analysts expect that Stitch Fix, Inc. will post -0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in shares of Stitch Fix by 52.1% during 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 increased its stake in Stitch Fix by 32.2% in the fourth quarter. Pallas Capital Advisors LLC now owns 14,085 shares of the company’s stock valued at $74,000 after purchasing an additional 3,428 shares during the last quarter. State of Wyoming lifted its position in Stitch Fix by 31.9% during the fourth 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 worth $199,000 after buying an additional 3,993 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Stitch Fix by 12.1% in the 2nd 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. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SFIX. Northland Securities assumed coverage on Stitch Fix in a research report on Thursday, May 28th. They issued an “outperform” rating and a $5.00 price objective on the stock. UBS Group boosted 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. William Blair restated a “mixed” rating on shares of Stitch Fix in a report on Friday, March 6th. Wall Street Zen lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings cut shares of Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 12th. One 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 data from MarketBeat.com, Stitch Fix presently has an average rating of “Hold” and a consensus target price of $5.12.

About Stitch Fix

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.