Key Points
- Insider Anthony Bacos sold 70,000 Stitch Fix shares at an average price of $3.79 for $265,300 on July 20, reducing his position by 6.59% to 991,994 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and follows several additional sales since June.
- Stitch Fix recently reported better-than-expected quarterly results, with a loss of $0.01 per share versus the expected $0.06 loss and revenue of $340.28 million, up 4.7% year over year. Analysts expect a full-year loss of $0.14 per share.
- Shares opened at $4.22, compared with a 52-week range of $2.95 to $5.94, while analysts maintain a consensus “Hold” rating and a $5.12 price target. Institutional investors own approximately 71.04% of the company.
Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) insider Anthony Bacos sold 70,000 shares of the stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $3.79, for a total transaction of $265,300.00. Following the completion of the transaction, the insider directly owned 991,994 shares of the company's stock, valued at $3,759,657.26. This trade represents a 6.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 transaction of $253,400.00.
- On Monday, July 6th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The stock was sold at an average price of $3.79, for a total transaction of $265,300.00.
- On Monday, June 29th, Anthony Bacos sold 70,011 shares of Stitch Fix stock. The shares were 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 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 Performance
Shares of SFIX opened at $4.22 on Wednesday. Stitch Fix, Inc. has a 52 week low of $2.95 and a 52 week high of $5.94. The stock has a market capitalization of $563.07 million, a price-to-earnings ratio of -52.75 and a beta of 2.26. The stock has a fifty day moving average of $3.80 and a 200-day moving average of $3.82.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its quarterly earnings data on Wednesday, June 10th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.05. The business had revenue of $340.28 million for the quarter, compared to analyst estimates of $333.51 million. Stitch Fix had a negative return on equity of 9.35% and a negative net margin of 1.43%.Stitch Fix's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) EPS. As a group, equities analysts forecast that Stitch Fix, Inc. will post -0.14 EPS for the current year.
Institutional Investors Weigh In On Stitch Fix
Institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Stitch Fix by 7.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,270 shares of the company's stock worth $199,000 after acquiring an additional 3,993 shares during the last quarter. Creative Planning bought a new stake in Stitch Fix in the second quarter valued at approximately $46,000. Rhumbline Advisers increased its position in Stitch Fix by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 158,130 shares of the company's stock valued at $585,000 after purchasing an additional 12,190 shares during the period. American Century Companies Inc. increased its position in Stitch Fix by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 222,670 shares of the company's stock valued at $824,000 after purchasing an additional 11,611 shares during the period. Finally, Norges Bank bought a new position in Stitch Fix during the 2nd quarter worth approximately $189,000. Institutional investors own 71.04% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Stitch Fix from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, July 13th. Northland Securities initiated coverage on shares of Stitch Fix in a report on Thursday, May 28th. They set an "outperform" rating and a $5.00 target price on the stock. Wall Street Zen cut shares of Stitch Fix from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Finally, UBS Group raised their price target on shares of Stitch Fix from $4.00 to $4.50 and gave the company a "neutral" rating in a research note on Thursday, June 11th. One 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. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $5.12.
View 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.
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