Insider Selling: Stitch Fix (NASDAQ:SFIX) Insider Sells 83,641 Shares of Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Casey O’connor sold 83,641 shares of Stitch Fix stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $5.16, for a total transaction of $431,587.56. Following the sale, the insider directly owned 542,071 shares in the company, valued at $2,797,086.36. This trade represents a 13.37% 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.

Casey O’connor also recently made the following trade(s):

• On Thursday, January 22nd, Casey O’connor sold 41,259 shares of Stitch Fix stock. The shares were sold at an average price of $5.34, for a total transaction of $220,323.06.
• On Wednesday, January 21st, Casey O’connor sold 13,852 shares of Stitch Fix stock. The shares were sold at an average price of $5.34, for a total transaction of $73,969.68.

Stitch Fix Stock Down 0.2%

Shares of NASDAQ SFIX traded down $0.01 during midday trading on Thursday, reaching $5.22. 1,573,217 shares of the company were exchanged, compared to its average volume of 1,752,813. The stock’s 50-day moving average price is $4.94 and its 200-day moving average price is $4.82. The stock has a market cap of $700.52 million, a P/E ratio of -32.63 and a beta of 2.10. Stitch Fix, Inc. has a one year low of $2.60 and a one year high of $5.94.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Thursday, December 4th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $342.13 million for the quarter, compared to the consensus estimate of $335.74 million. Stitch Fix had a negative return on equity of 14.38% and a negative net margin of 2.23%.Stitch Fix’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS. On average, equities research analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on SFIX. Telsey Advisory Group restated a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a report on Monday, December 1st. Sanford C. Bernstein restated a “market perform” rating and issued a $6.00 price target on shares of Stitch Fix in a research report on Thursday, September 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stitch Fix in a report on Wednesday, October 8th. Zacks Research cut shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Wall Street Zen downgraded Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Stitch Fix has an average rating of “Hold” and a consensus target price of $6.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Stitch Fix by 32.3% in the second quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock valued at $40,000 after purchasing an additional 2,645 shares in the last quarter. Wescott Financial Advisory Group LLC grew its holdings in Stitch Fix by 30.0% during the second quarter. Wescott Financial Advisory Group LLC now owns 13,000 shares of the company’s stock worth $48,000 after buying an additional 3,000 shares in the last quarter. Pallas Capital Advisors LLC raised its position in Stitch Fix by 32.2% in the 4th quarter. Pallas Capital Advisors LLC now owns 14,085 shares of the company’s stock valued at $74,000 after buying an additional 3,428 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Stitch Fix by 7.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,270 shares of the company’s stock valued at $199,000 after acquiring an additional 3,993 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Stitch Fix by 12.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,807 shares of the company’s stock valued at $147,000 after acquiring an additional 4,303 shares in the last quarter. Institutional investors own 71.04% of the company’s stock.

About Stitch Fix

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.