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

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 70,000 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $3.79, for a total value of $265,300.00. Following the completion of the sale, the insider owned 991,994 shares in the company, valued at approximately $3,759,657.26. The trade was a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 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 value 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 value 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 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 transaction 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 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 Stock Up 3.1%

SFIX traded up $0.12 on Tuesday, reaching $4.14. 480,557 shares of the company traded hands, compared to its average volume of 2,056,116. Stitch Fix, Inc. has a one year low of $2.95 and a one year high of $5.94. The firm has a fifty day simple moving average of $3.78 and a two-hundred day simple moving average of $3.82. The company has a market cap of $553.05 million, a P/E ratio of -51.81 and a beta of 2.26.

Stitch Fix (NASDAQ:SFIX) last issued its 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. Stitch Fix had a negative net margin of 1.43% and a negative return on equity of 9.35%. The business had revenue of $340.28 million for the quarter, compared to the consensus estimate of $333.51 million. During the same period in the prior year, the firm earned ($0.06) EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that Stitch Fix, Inc. will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On Stitch Fix

Several institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings 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 purchasing an additional 2,178,156 shares during the last quarter. Marshall Wace LLP grew its stake in Stitch Fix by 4,898.1% during the 2nd quarter. Marshall Wace LLP now owns 2,010,034 shares of the company’s stock worth $7,437,000 after buying an additional 1,969,818 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Stitch Fix by 73.3% during the 4th 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. Archon Capital Management LLC purchased a new stake in Stitch Fix in the fourth quarter valued at about $7,702,000. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of Stitch Fix during the fourth quarter worth about $6,739,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SFIX. Weiss Ratings upgraded Stitch Fix from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Northland Securities assumed coverage on shares of Stitch Fix in a research note on Thursday, May 28th. They issued an “outperform” rating and a $5.00 price objective for the company. Finally, UBS Group lifted their price target on Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Stitch Fix presently has a consensus rating of “Hold” and an average price target 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.