Stitch Fix, Inc. (NASDAQ:SFIX) Insider Sells $77,079.20 in Stock

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

Stitch Fix Price Performance

Shares of Stitch Fix stock opened at $3.79 on Friday. The stock has a market capitalization of $480.72 million, a price-to-earnings ratio of -4.57 and a beta of 1.99. The firm’s fifty day simple moving average is $3.84 and its 200-day simple moving average is $3.78. Stitch Fix, Inc. has a 12 month low of $2.06 and a 12 month high of $6.99.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The company had revenue of $318.82 million for the quarter, compared to analyst estimates of $306.88 million. During the same period in the previous year, the business posted ($0.30) earnings per share. Stitch Fix’s quarterly revenue was down 12.6% on a year-over-year basis. Analysts anticipate that Stitch Fix, Inc. will post -0.46 earnings per share for the current year.

Institutional Trading of Stitch Fix

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its holdings in shares of Stitch Fix by 68.0% in the third quarter. Franklin Resources Inc. now owns 144,261 shares of the company’s stock valued at $391,000 after purchasing an additional 58,412 shares during the period. Virtu Financial LLC purchased a new position in Stitch Fix in the 3rd quarter valued at $196,000. Barclays PLC grew its position in Stitch Fix by 30.7% in the 3rd quarter. Barclays PLC now owns 168,953 shares of the company’s stock valued at $475,000 after buying an additional 39,713 shares during the last quarter. Geode Capital Management LLC increased its stake in Stitch Fix by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,294,925 shares of the company’s stock valued at $6,473,000 after buying an additional 83,220 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its position in Stitch Fix by 48.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock worth $38,731,000 after buying an additional 4,460,668 shares during the last quarter. 71.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SFIX has been the subject of a number of recent analyst reports. Canaccord Genuity Group lifted their price target on Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. UBS Group boosted their target price on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Finally, Telsey Advisory Group increased their price target on shares of Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, Stitch Fix presently has a consensus rating of “Hold” and a consensus 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.