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 the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $3.79, for a total transaction of $265,300.00. Following the sale, the insider directly owned 1,031,994 shares in the company, valued at approximately $3,911,257.26. This trade represents a 6.35% decrease in their ownership of the stock. 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 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 transaction 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 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 Trading Down 0.8%

Stitch Fix stock opened at $3.52 on Friday. Stitch Fix, Inc. has a 1-year low of $2.95 and a 1-year high of $5.94. The firm has a market capitalization of $469.67 million, a price-to-earnings ratio of -44.00 and a beta of 2.26. The firm has a 50 day simple moving average of $3.69 and a 200 day simple moving average of $3.94.

Stitch Fix (NASDAQ:SFIXGet Free Report) last issued its earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the firm posted ($0.06) EPS. On average, equities research analysts forecast that Stitch Fix, Inc. will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Stitch Fix

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SFIX shares. Northland Securities initiated coverage on Stitch Fix in a report on Thursday, May 28th. They set an “outperform” rating and a $5.00 price objective on the stock. UBS Group lifted their target price on Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, June 11th. Telsey Advisory Group decreased their price target on Stitch Fix from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Thursday, March 12th. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings lowered shares of Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.12.

Check Out Our Latest Stock Report on SFIX

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.

Further Reading

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

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