Insider Selling: 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 Stitch Fix stock in a transaction 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 owns 913,962 shares in the company, valued at approximately $4,213,364.82. This represents a 1.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Stitch Fix Trading Up 2.2 %

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

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping 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 prior year, the firm earned ($0.30) earnings per share. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. On average, equities analysts predict that Stitch Fix, Inc. will post -0.46 earnings per share for the current year.

Institutional Investors Weigh In On Stitch Fix

A number of hedge funds have recently added to or reduced their stakes in SFIX. Franklin Resources Inc. grew its stake 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 worth $391,000 after acquiring an additional 58,412 shares in the last quarter. Virtu Financial LLC acquired a new position in Stitch Fix during the 3rd quarter worth $196,000. Barclays PLC increased its holdings in Stitch Fix by 30.7% during the 3rd quarter. Barclays PLC now owns 168,953 shares of the company’s stock worth $475,000 after purchasing an additional 39,713 shares during the period. Geode Capital Management LLC raised its position 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 purchasing an additional 83,220 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its stake in shares of Stitch Fix by 48.1% in the 3rd 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. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SFIX has been the subject of several analyst reports. 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. UBS Group upped their price objective on Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, Canaccord Genuity Group lifted their target price on Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, Stitch Fix presently has an average 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.