Stitch Fix, Inc. (NASDAQ:SFIX – Get Free Report) insider Anthony Bacos sold 70,011 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $4.42, for a total transaction of $309,448.62. Following the transaction, the insider owned 1,051,994 shares in the company, valued at $4,649,813.48. The trade was a 6.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 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 value of $290,500.00.
Stitch Fix Stock Performance
Shares of SFIX opened at $4.01 on Thursday. The firm has a market capitalization of $535.05 million, a price-to-earnings ratio of -50.12 and a beta of 2.25. The business’s fifty day moving average price is $3.70 and its two-hundred day moving average price is $4.01. Stitch Fix, Inc. has a 52 week low of $2.95 and a 52 week high of $5.94.
Wall Street Analysts Forecast Growth
SFIX has been the topic of a number of research reports. William Blair restated a “mixed” rating on shares of Stitch Fix in a research report on Friday, March 6th. Telsey Advisory Group dropped their price target 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. Wall Street Zen lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. 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. Finally, UBS Group lifted their target price on shares of Stitch Fix from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.12.
Check Out Our Latest Stock Analysis on Stitch Fix
Hedge Funds Weigh In On Stitch Fix
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership increased its stake in shares of Stitch Fix by 302.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,897,171 shares of the company’s stock valued at $12,603,000 after acquiring an additional 2,178,156 shares during the last quarter. Marshall Wace LLP increased its stake in Stitch Fix by 4,898.1% in the second quarter. Marshall Wace LLP now owns 2,010,034 shares of the company’s stock valued at $7,437,000 after purchasing an additional 1,969,818 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings 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. Archon Capital Management LLC acquired a new stake in Stitch Fix in the fourth quarter worth $7,702,000. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in Stitch Fix in the fourth quarter worth $6,739,000. Institutional investors own 71.04% of the company’s stock.
Stitch Fix Company Profile
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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