Stitch Fix (NASDAQ:SFIX) Insider Anthony Bacos Sells 90,000 Shares

Key Points

• Stitch Fix insider Anthony Bacos sold 90,000 shares of the company's stock on September 19th at an average price of $5.61, resulting in a transaction total of approximately $504,900.
• The recent insider sale reduced Bacos' holdings by 10.11%, leaving him with 799,966 shares valued at about $4.49 million.
• Stitch Fix currently has a market cap of $725.51 million and a consensus rating of "Hold" with a target price of $6.00 among analysts.

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) insider Anthony Bacos sold 90,000 shares of the firm's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $5.61, for a total value of $504,900.00. Following the completion of the sale, the insider directly owned 799,966 shares in the company, valued at approximately $4,487,809.26. This represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Anthony Bacos also recently made the following trade(s):

• On Tuesday, July 22nd, Anthony Bacos sold 90,000 shares of Stitch Fix stock. The shares were sold at an average price of $5.00, for a total value of $450,000.00.

Stitch Fix Stock Performance

Shares of NASDAQ:SFIX traded down $0.04 during midday trading on Tuesday, hitting $5.53. The company's stock had a trading volume of 2,610,416 shares, compared to its average volume of 2,202,911. The stock has a market capitalization of $720.96 million, a price-to-earnings ratio of -11.95 and a beta of 2.03. The stock's 50 day simple moving average is $5.12 and its 200 day simple moving average is $4.22. Stitch Fix, Inc. has a fifty-two week low of $2.21 and a fifty-two week high of $6.99.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SFIX. Fund 1 Investments LLC raised its stake in shares of Stitch Fix by 44.6% in the second quarter. Fund 1 Investments LLC now owns 9,943,821 shares of the company's stock valued at $36,792,000 after acquiring an additional 3,064,901 shares during the last quarter. Marshall Wace LLP raised its position in Stitch Fix by 4,898.1% in the 2nd quarter. Marshall Wace LLP now owns 2,010,034 shares of the company's stock worth $7,437,000 after purchasing an additional 1,969,818 shares during the last quarter. Nuveen LLC bought a new position in Stitch Fix in the 1st quarter worth approximately $4,159,000. Shay Capital LLC bought a new position in Stitch Fix in the 2nd quarter worth approximately $3,570,000. Finally, Balyasny Asset Management L.P. bought a new position in Stitch Fix in the 2nd quarter worth approximately $2,803,000. Institutional investors own 71.04% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SFIX. William Blair upgraded shares of Stitch Fix from a "market perform" rating to an "outperform" rating in a research note on Monday, July 14th. Zacks Research upgraded shares of Stitch Fix to a "hold" rating in a research note on Monday, August 11th. UBS Group restated a "neutral" rating on shares of Stitch Fix in a research note on Wednesday, September 17th. Telsey Advisory Group restated a "market perform" rating and set a $6.00 price target on shares of Stitch Fix in a research note on Thursday, September 18th. Finally, Wall Street Zen cut shares of Stitch Fix from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $6.00.

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.