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 stock was sold at an average price of $4.61, for a total value of $77,079.20. Following the transaction, the insider now directly owns 913,962 shares of the company’s stock, valued at approximately $4,213,364.82. This trade represents a 1.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stitch Fix Trading Down 1.3 %

Shares of Stitch Fix stock traded down $0.05 during trading on Thursday, hitting $3.71. 6,894,618 shares of the stock were exchanged, compared to its average volume of 2,159,481. The company has a fifty day moving average price of $3.79 and a 200-day moving average price of $3.77. The stock has a market capitalization of $470.57 million, a price-to-earnings ratio of -4.47 and a beta of 1.99. Stitch Fix, Inc. has a 1-year low of $2.06 and a 1-year high of $6.99.

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

Institutional Investors Weigh In On Stitch Fix

Several institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning increased its holdings in Stitch Fix by 32.1% in the 3rd quarter. Creative Planning now owns 25,477 shares of the company’s stock valued at $72,000 after buying an additional 6,194 shares during the period. Federated Hermes Inc. boosted its position in shares of Stitch Fix by 7.7% during the 2nd quarter. Federated Hermes Inc. now owns 94,624 shares of the company’s stock worth $393,000 after acquiring an additional 6,739 shares in the last quarter. CWM LLC increased its stake in Stitch Fix by 132.5% in the second quarter. CWM LLC now owns 11,867 shares of the company’s stock valued at $49,000 after acquiring an additional 6,762 shares during the last quarter. SG Americas Securities LLC raised its position in Stitch Fix by 92.3% during the second quarter. SG Americas Securities LLC now owns 19,780 shares of the company’s stock valued at $82,000 after purchasing an additional 9,494 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new position in Stitch Fix during the second quarter valued at approximately $48,000. Institutional investors own 71.04% of the company’s stock.

Analysts Set New Price Targets

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

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.