Insider Selling: Stitch Fix, Inc. (NASDAQ:SFIX) Insider Sells 90,000 Shares of Stock

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) insider Anthony Bacos sold 90,000 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $5.00, for a total transaction of $450,000.00. Following the completion of the sale, the insider directly owned 829,966 shares in the company, valued at approximately $4,149,830. The trade was a 9.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Stitch Fix Stock Performance

Shares of SFIX stock traded up $0.17 during trading hours on Monday, reaching $5.22. The company had a trading volume of 412,865 shares, compared to its average volume of 2,219,314. The firm has a market cap of $680.51 million, a PE ratio of -11.34 and a beta of 1.93. The business has a fifty day moving average price of $4.26 and a 200-day moving average price of $4.14. Stitch Fix, Inc. has a one year low of $2.21 and a one year high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.05. Stitch Fix had a negative net margin of 4.44% and a negative return on equity of 18.15%. During the same period in the previous year, the firm earned ($0.18) EPS. Stitch Fix's revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts forecast that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Telsey Advisory Group reissued a "market perform" rating and issued a $6.00 price target on shares of Stitch Fix in a report on Wednesday, June 11th. William Blair raised shares of Stitch Fix from a "market perform" rating to an "outperform" rating in a research note on Monday, July 14th. Finally, Wall Street Zen downgraded shares of Stitch Fix from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.67.

Institutional Trading of Stitch Fix

Several hedge funds have recently modified their holdings of the company. Wescott Financial Advisory Group LLC acquired a new stake in shares of Stitch Fix during the 1st quarter worth approximately $32,000. 111 Capital purchased a new position in shares of Stitch Fix during the 2nd quarter worth $44,000. Polymer Capital Management US LLC purchased a new position in shares of Stitch Fix during the 4th quarter worth $82,000. Martingale Asset Management L P purchased a new position in shares of Stitch Fix during the 1st quarter worth $85,000. Finally, Diversified Trust Co acquired a new stake in shares of Stitch Fix during the 1st quarter worth about $99,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

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.