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

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $3.76, for a total transaction of $263,200.00. Following the transaction, the insider directly owned 971,994 shares of the company’s stock, valued at $3,654,697.44. This trade represents a 6.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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, July 20th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The shares were sold at an average price of $3.79, for a total value of $265,300.00.
• 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 stock was sold at an average price of $4.04, for a total value 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 value of $290,500.00.

Stitch Fix Price Performance

Shares of NASDAQ SFIX traded up $0.02 during midday trading on Wednesday, reaching $4.24. 1,619,543 shares of the stock traded hands, compared to its average volume of 2,064,353. The company’s 50 day moving average is $3.80 and its 200 day moving average is $3.82. Stitch Fix, Inc. has a one year low of $2.95 and a one year high of $5.94. The stock has a market capitalization of $565.74 million, a PE ratio of -53.00 and a beta of 2.26.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SFIX. UBS Group upped their price objective on Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Weiss Ratings upgraded Stitch Fix from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. Wall Street Zen lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Northland Securities assumed coverage on shares of Stitch Fix in a research report on Thursday, May 28th. They set an “outperform” rating and a $5.00 price objective on the stock. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.12.

Institutional Investors Weigh In On Stitch Fix

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Stitch Fix by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,682,725 shares of the company’s stock valued at $33,420,000 after acquiring an additional 240,584 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 worth $19,241,000 after purchasing an additional 1,549,902 shares during the period. State Street Corp lifted its position in shares of 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 purchasing an additional 508,588 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Stitch Fix by 302.9% during the third 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 last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Stitch Fix by 10.5% during the fourth quarter. Geode Capital Management LLC now owns 2,791,632 shares of the company’s stock valued at $14,659,000 after purchasing an additional 266,356 shares during the period. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

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.