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

Stitch Fix, Inc. (NASDAQ:SFIXGet Free Report) insider Anthony Bacos sold 70,000 shares of Stitch Fix stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $4.09, for a total value of $286,300.00. Following the completion of the transaction, the insider directly owned 951,994 shares in the company, valued at $3,893,655.46. This trade represents a 6.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Monday, July 27th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The stock was sold at an average price of $3.76, for a total transaction of $263,200.00.
  • 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 transaction of $265,300.00.
  • On Monday, July 13th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The shares were sold at an average price of $3.62, for a total transaction of $253,400.00.
  • On Monday, July 6th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The shares were sold at an average price of $3.79, for a total transaction of $265,300.00.
  • On Monday, June 29th, Anthony Bacos sold 70,011 shares of Stitch Fix stock. The stock was sold at an average price of $4.42, for a total transaction 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 shares were 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 Stock Performance

SFIX opened at $4.03 on Friday. The stock has a market capitalization of $537.72 million, a PE ratio of -50.38 and a beta of 2.26. The stock’s 50 day moving average price is $3.90 and its 200-day moving average price is $3.76. Stitch Fix, Inc. has a 52-week low of $2.95 and a 52-week high of $5.94.

Stitch Fix (NASDAQ:SFIXGet Free Report) last announced its quarterly earnings results on Wednesday, June 10th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.05. The company had revenue of $340.28 million during 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%.The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) earnings per share. Research analysts forecast that Stitch Fix, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SFIX has been the subject of several research analyst reports. Northland Securities began coverage on shares of Stitch Fix in a report on Thursday, May 28th. They issued an “outperform” rating and a $5.00 price objective for the company. UBS Group raised their target price on Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Weiss Ratings raised Stitch Fix from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. Finally, Wall Street Zen downgraded Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Stitch Fix has a consensus rating of “Hold” and a consensus target price of $5.12.

Check Out Our Latest Analysis on SFIX

Institutional Trading of Stitch Fix

A number of hedge funds have recently made changes to their positions in SFIX. Caerus Investment Advisors LLC purchased a new position in Stitch Fix during the first quarter valued at $36,000. First Dallas Securities Inc. bought a new position in shares of Stitch Fix during the first quarter valued at $38,000. Krilogy Financial LLC purchased a new position in shares of Stitch Fix in the 1st quarter worth about $46,000. Creative Planning bought a new position in Stitch Fix in the 2nd quarter worth about $46,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in Stitch Fix during the 1st quarter valued at about $47,000. 71.04% of the stock is owned by institutional investors.

Stitch Fix Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Stitch Fix (NASDAQ:SFIX)

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