Casey O’connor Sells 60,000 Shares of Stitch Fix (NASDAQ:SFIX) Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Casey O’connor sold 60,000 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $3.08, for a total transaction of $184,800.00. Following the sale, the insider directly owned 480,334 shares in the company, valued at $1,479,428.72. The trade was a 11.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, January 27th, Casey O’connor sold 19,347 shares of Stitch Fix stock. The shares were sold at an average price of $5.68, for a total transaction of $109,890.96.
• 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 value of $220,323.06.
• On Tuesday, January 20th, Casey O’connor sold 83,641 shares of Stitch Fix stock. The stock was sold at an average price of $5.16, for a total value of $431,587.56.
• On Wednesday, January 21st, Casey O’connor sold 13,852 shares of Stitch Fix stock. The stock was sold at an average price of $5.34, for a total value of $73,969.68.

Stitch Fix Stock Up 5.5%

Shares of NASDAQ SFIX traded up $0.17 during trading on Monday, reaching $3.24. The company had a trading volume of 1,637,109 shares, compared to its average volume of 2,235,094. Stitch Fix, Inc. has a 12-month low of $2.87 and a 12-month high of $5.94. The business’s 50-day moving average is $3.49 and its 200 day moving average is $4.28. The stock has a market cap of $442.32 million, a PE ratio of -24.92 and a beta of 2.33.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings results on Wednesday, March 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. The firm had revenue of $341.30 million during the quarter, compared to analyst estimates of $334.74 million. Stitch Fix had a negative return on equity of 12.23% and a negative net margin of 1.89%.Stitch Fix’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) EPS. On average, analysts anticipate that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SFIX shares. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. William Blair reissued a “mixed” rating on shares of Stitch Fix in a research report on Friday, March 6th. Telsey Advisory Group decreased their price objective on shares of Stitch Fix from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, March 12th. UBS Group lowered their price objective on Stitch Fix from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Stitch Fix in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $5.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in Stitch Fix in the third quarter worth about $32,000. Farther Finance Advisors LLC increased its position in shares of Stitch Fix by 52.1% during the 4th quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company’s stock valued at $51,000 after purchasing an additional 3,329 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Stitch Fix by 324.6% in the 4th quarter. Royal Bank of Canada now owns 10,998 shares of the company’s stock worth $57,000 after purchasing an additional 8,408 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of Stitch Fix in the 3rd quarter worth approximately $50,000. Finally, Blair William & Co. IL purchased a new position in shares of Stitch Fix in the fourth quarter worth approximately $66,000. Institutional investors own 71.04% of the company’s stock.

Stitch Fix Company Profile

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.