Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) insider Anthony Bacos sold 16,720 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $4.61, for a total transaction of $77,079.20. Following the sale, the insider now directly owns 913,962 shares in the company, 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.
Shares of Stitch Fix stock traded down $0.05 on Thursday, hitting $3.71. 6,894,618 shares of the company's stock traded hands, compared to its average volume of 2,159,481. Stitch Fix, Inc. has a one year low of $2.06 and a one year high of $6.99. The stock has a market capitalization of $470.57 million, a PE ratio of -4.47 and a beta of 1.99. The firm's 50-day moving average price is $3.79 and its two-hundred day moving average price is $3.77.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its 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. The firm had revenue of $318.82 million for 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% compared to the same quarter last year. During the same quarter last year, the business earned ($0.30) earnings per share. On average, analysts forecast that Stitch Fix, Inc. will post -0.46 earnings per share for the current fiscal year.
Several brokerages have recently commented on SFIX. Canaccord Genuity Group boosted their target price on Stitch Fix from $5.00 to $6.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. UBS Group boosted their price objective on Stitch Fix from $2.80 to $5.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Finally, Telsey Advisory Group upped their target price on shares of Stitch Fix from $4.00 to $6.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $3.96.
Read Our Latest Report on SFIX
Several hedge funds have recently bought and sold shares of the company. Caprock Group LLC acquired a new position in shares of Stitch Fix in the 3rd quarter valued at approximately $33,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Stitch Fix during the third quarter worth $36,000. Meeder Asset Management Inc. bought a new stake in Stitch Fix in the 3rd quarter valued at $44,000. Pallas Capital Advisors LLC acquired a new position in Stitch Fix in the 2nd quarter worth $48,000. Finally, 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. 71.04% of the stock is currently owned by institutional investors and hedge funds.
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.
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