Stitch Fix, Inc. (NASDAQ:SFIX) Insider Anthony Bacos Sells 16,720 Shares

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 16,720 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $4.61, for a total value of $77,079.20. Following the sale, the insider now owns 913,962 shares in the company, valued at $4,213,364.82. The trade was a 1.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Stitch Fix Stock Performance

Shares of SFIX opened at $3.71 on Friday. Stitch Fix, Inc. has a 1 year low of $2.06 and a 1 year high of $6.99. The firm has a fifty day moving average of $3.81 and a 200-day moving average of $3.77. The company has a market cap of $470.57 million, a price-to-earnings ratio of -4.47 and a beta of 1.99.

Stitch Fix (NASDAQ:SFIX) last posted its earnings results on Tuesday, December 10th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. The firm had revenue of $318.82 million during the quarter, compared to analysts’ expectations of $306.88 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. Stitch Fix’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.30) EPS. Analysts predict that Stitch Fix, Inc. will post -0.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SFIX. UBS Group upped their price target on Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Canaccord Genuity Group increased their target price on shares of Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Finally, Telsey Advisory Group lifted their price target on shares of Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.96.

Hedge Funds Weigh In On Stitch Fix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SFIX. Pallas Capital Advisors LLC acquired a new position in Stitch Fix during the 2nd quarter worth $48,000. Caprock Group LLC bought a new stake in shares of Stitch Fix during the third quarter valued at about $33,000. CWM LLC raised its stake in shares of Stitch Fix by 132.5% during the second quarter. CWM LLC now owns 11,867 shares of the company’s stock valued at $49,000 after purchasing an additional 6,762 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Stitch Fix in the third quarter worth about $36,000. Finally, Meeder Asset Management Inc. bought a new position in Stitch Fix in the 3rd quarter valued at about $44,000. 71.04% of the stock is owned by institutional investors.

Stitch Fix Company Profile

Stitch Fix, Inc sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.