Stitch Fix, Inc. (NASDAQ:SFIX – Get Free Report) insider Anthony Bacos sold 70,000 shares of Stitch Fix stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $3.62, for a total value of $253,400.00. Following the transaction, the insider directly owned 1,011,994 shares in the company, valued at $3,663,418.28. The trade was a 6.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 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 stock was 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 stock was 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 shares were sold at an average price of $4.15, for a total value of $290,500.00.
Stitch Fix Stock Performance
NASDAQ:SFIX opened at $3.72 on Wednesday. The company has a market capitalization of $496.36 million, a PE ratio of -46.50 and a beta of 2.26. The company has a 50 day simple moving average of $3.69 and a two-hundred day simple moving average of $3.91. Stitch Fix, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $5.94.
Wall Street Analyst Weigh In
Several research firms recently issued reports on SFIX. UBS Group boosted their target price on shares of Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, June 11th. Northland Securities initiated coverage on Stitch Fix in a report on Thursday, May 28th. They set an “outperform” rating and a $5.00 price target for the company. Weiss Ratings raised Stitch Fix from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Finally, Wall Street Zen downgraded Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.12.
Read Our Latest Stock Analysis on SFIX
Institutional Trading of Stitch Fix
Several hedge funds have recently modified their holdings of the stock. Caerus Investment Advisors LLC acquired a new stake in Stitch Fix in the first quarter worth $36,000. First Dallas Securities Inc. bought a new stake in Stitch Fix in the first quarter valued at $38,000. Krilogy Financial LLC acquired a new position in shares of Stitch Fix during the first quarter valued at about $46,000. Creative Planning bought a new position in shares of Stitch Fix during the 2nd quarter worth about $46,000. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Stitch Fix during the 1st quarter worth about $47,000. 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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