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

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

Stitch Fix Stock Up 2.2 %

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

Stitch Fix (NASDAQ:SFIX) last posted its earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 32.71% and a negative net margin of 7.71%. The company’s revenue was down 12.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.30) earnings per share. Research analysts expect that Stitch Fix, Inc. will post -0.46 earnings per share for the current year.

Institutional Trading of Stitch Fix

A number of large investors have recently bought and sold shares of SFIX. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Stitch Fix by 48.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock valued at $38,731,000 after buying an additional 4,460,668 shares during the period. Hodges Capital Management Inc. lifted its position in Stitch Fix by 34.4% in the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock valued at $9,518,000 after acquiring an additional 864,100 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Stitch Fix by 32.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 499,142 shares of the company’s stock worth $1,408,000 after purchasing an additional 121,084 shares during the period. CWM LLC increased its holdings in Stitch Fix by 132.5% during the 2nd quarter. CWM LLC now owns 11,867 shares of the company’s stock worth $49,000 after purchasing an additional 6,762 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Stitch Fix by 11.7% in the 2nd quarter. Renaissance Technologies LLC now owns 4,432,600 shares of the company’s stock valued at $18,395,000 after purchasing an additional 465,900 shares during the period. 71.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SFIX shares. Telsey Advisory Group boosted their price target on shares of Stitch Fix from $4.00 to $6.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 11th. Canaccord Genuity Group upped their target price on shares of Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Finally, UBS Group raised their price target on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. 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 data from MarketBeat, Stitch Fix presently has a consensus rating of “Hold” and an average price target of $3.96.

About Stitch Fix

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.