Anthony Bacos Sells 42,381 Shares of Stitch Fix, Inc. (NASDAQ:SFIX) Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Anthony Bacos sold 42,381 shares of the stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $4.13, for a total transaction of $175,033.53. Following the completion of the sale, the insider now directly owns 627,957 shares of the company’s stock, valued at $2,593,462.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Stitch Fix Price Performance

Shares of Stitch Fix stock traded up $0.43 during midday trading on Thursday, hitting $4.76. The company had a trading volume of 3,051,354 shares, compared to its average volume of 1,830,030. The business’s 50 day simple moving average is $3.15 and its two-hundred day simple moving average is $3.00. The stock has a market cap of $582.34 million, a PE ratio of -4.67 and a beta of 1.97. Stitch Fix, Inc. has a 1-year low of $2.06 and a 1-year high of $5.20.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Tuesday, June 4th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.10. The business had revenue of $322.73 million for the quarter, compared to the consensus estimate of $305.93 million. Stitch Fix had a negative net margin of 8.68% and a negative return on equity of 41.40%. On average, sell-side analysts expect that Stitch Fix, Inc. will post -0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

SFIX has been the subject of a number of research analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 price target on shares of Stitch Fix in a research report on Thursday, May 30th. Truist Financial raised their price objective on shares of Stitch Fix from $3.50 to $4.00 and gave the company a “hold” rating in a research report on Wednesday, June 5th. UBS Group raised their price objective on shares of Stitch Fix from $2.80 to $3.80 and gave the company a “neutral” rating in a research report on Monday. Mizuho raised their price objective on shares of Stitch Fix from $2.00 to $3.00 and gave the company an “underperform” rating in a research report on Monday, June 10th. Finally, Wedbush reaffirmed a “neutral” rating and set a $3.00 price objective on shares of Stitch Fix in a research report on Wednesday, June 5th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat, Stitch Fix currently has an average rating of “Hold” and a consensus price target of $3.45.

Institutional Investors Weigh In On Stitch Fix

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Stitch Fix by 4.1% during the third quarter. Vanguard Group Inc. now owns 5,856,137 shares of the company’s stock worth $20,204,000 after buying an additional 231,975 shares in the last quarter. Maple Rock Capital Partners Inc. bought a new position in shares of Stitch Fix during the first quarter valued at $8,994,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Stitch Fix by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,021,885 shares of the company’s stock valued at $7,218,000 after acquiring an additional 99,914 shares during the period. Hodges Capital Management Inc. bought a new position in shares of Stitch Fix during the first quarter valued at $1,716,000. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Stitch Fix by 673.2% during the first quarter. Los Angeles Capital Management LLC now owns 516,782 shares of the company’s stock valued at $1,364,000 after acquiring an additional 449,948 shares during the period. Institutional investors and hedge funds own 71.04% of the company’s stock.

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.