Stitch Fix (NASDAQ:SFIX) Insider Sells $282,800.00 in Stock

Stitch Fix, Inc. (NASDAQ:SFIXGet Free Report) insider Anthony Bacos sold 70,000 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $4.04, for a total value of $282,800.00. Following the completion of the transaction, the insider owned 1,071,994 shares of the company’s stock, valued at $4,330,855.76. This represents a 6.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 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

Shares of NASDAQ:SFIX opened at $4.54 on Friday. Stitch Fix, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $5.94. The business has a 50-day simple moving average of $3.69 and a two-hundred day simple moving average of $4.05. The firm has a market cap of $605.77 million, a price-to-earnings ratio of -56.75 and a beta of 2.31.

Stitch Fix (NASDAQ:SFIXGet Free Report) last posted its earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.05. The business had revenue of $340.28 million for the quarter, compared to analysts’ expectations of $333.51 million. Stitch Fix had a negative net margin of 1.43% and a negative return on equity of 9.35%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.06) EPS. As a group, research analysts predict that Stitch Fix, Inc. will post -0.15 earnings per share for the current year.

Institutional Trading of Stitch Fix

Large investors have recently added to or reduced their stakes in the business. 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. Marshall Wace LLP grew its position in shares of Stitch Fix by 4,898.1% during the 2nd quarter. Marshall Wace LLP now owns 2,010,034 shares of the company’s stock valued at $7,437,000 after acquiring an additional 1,969,818 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Stitch Fix by 73.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,664,995 shares of the company’s stock valued at $19,241,000 after acquiring an additional 1,549,902 shares during the period. Archon Capital Management LLC purchased a new stake in shares of Stitch Fix in the 4th quarter worth $7,702,000. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of Stitch Fix in the 4th quarter worth $6,739,000. 71.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. 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 target price on the stock. Telsey Advisory Group decreased their target price on shares of Stitch Fix from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday, March 12th. Weiss Ratings cut Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 12th. UBS Group raised their price target on Stitch Fix from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Finally, William Blair reaffirmed a “mixed” rating on shares of Stitch Fix in a report on Friday, March 6th. One investment analyst has rated the stock with a Buy rating, four have assigned 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.

Check Out Our Latest Report on SFIX

About Stitch Fix

(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.

Further Reading

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

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