Key Points
- Stitch Fix insider Anthony Bacos sold 70,000 shares at an average price of $4.09, generating $286,300. The transaction, made under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 6.85% to 951,994 shares.
- Bacos has made a series of stock sales since June, including weekly sales of roughly 70,000 shares and a 100,000-share sale, indicating substantial recent insider selling.
- Stitch Fix recently exceeded quarterly earnings and revenue expectations, with revenue up 4.7% year over year. Analysts maintain an average “Hold” rating and a $5.12 target price, compared with shares trading near $4.12.
Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) insider Anthony Bacos sold 70,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $4.09, for a total transaction of $286,300.00. Following the completion of the sale, the insider owned 951,994 shares of the company's stock, valued at $3,893,655.46. This trade represents a 6.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 27th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The stock was sold at an average price of $3.76, for a total transaction of $263,200.00.
- On Monday, July 20th, Anthony Bacos sold 70,000 shares of Stitch Fix stock. The shares were sold at an average price of $3.79, for a total transaction of $265,300.00.
- 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 shares were 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 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
Shares of SFIX stock opened at $4.12 on Thursday. The stock has a fifty day moving average price of $3.89 and a 200 day moving average price of $3.77. The stock has a market cap of $549.72 million, a PE ratio of -51.50 and a beta of 2.26. Stitch Fix, Inc. has a 1 year low of $2.95 and a 1 year high of $5.94.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last posted its earnings results on Wednesday, June 10th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.05. The company had revenue of $340.28 million for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned ($0.06) earnings per share. As a group, equities research analysts predict that Stitch Fix, Inc. will post -0.14 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages recently commented on SFIX. UBS Group increased their price objective 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. Weiss Ratings upgraded shares of Stitch Fix from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, July 13th. 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 price target on the stock. Finally, Wall Street Zen lowered shares of Stitch Fix from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. One 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. According to data from MarketBeat.com, Stitch Fix currently has an average rating of "Hold" and an average target price of $5.12.
Check Out Our Latest Stock Report on SFIX
Hedge Funds Weigh In On Stitch Fix
Institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its stake in shares of Stitch Fix by 302.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,897,171 shares of the company's stock worth $12,603,000 after purchasing an additional 2,178,156 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Stitch Fix by 4,898.1% during the second quarter. Marshall Wace LLP now owns 2,010,034 shares of the company's stock worth $7,437,000 after buying an additional 1,969,818 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Stitch Fix by 73.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,664,995 shares of the company's stock valued at $19,241,000 after buying an additional 1,549,902 shares during the last quarter. Archon Capital Management LLC acquired a new position in shares of Stitch Fix in the fourth quarter valued at approximately $7,702,000. Finally, Intrinsic Edge Capital Management LLC purchased a new position in shares of Stitch Fix during the fourth quarter valued at approximately $6,739,000. 71.04% of the stock is owned by institutional investors and hedge funds.
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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