Insider Selling: Stitch Fix (NASDAQ:SFIX) Insider Sells 19,347 Shares of Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Casey O’connor sold 19,347 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $5.68, for a total transaction of $109,890.96. Following the sale, the insider directly owned 542,071 shares in the company, valued at $3,078,963.28. The trade was a 3.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 stock was 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 transaction of $73,969.68.

Stitch Fix Stock Down 6.2%

SFIX stock traded down $0.32 during trading on Thursday, hitting $4.84. The company had a trading volume of 2,379,332 shares, compared to its average volume of 2,243,396. Stitch Fix, Inc. has a 52-week low of $2.60 and a 52-week high of $5.94. The company has a 50 day simple moving average of $5.04 and a 200-day simple moving average of $4.86. The firm has a market capitalization of $649.53 million, a P/E ratio of -30.25 and a beta of 2.10.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Thursday, December 4th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). Stitch Fix had a negative net margin of 2.23% and a negative return on equity of 14.38%. The firm had revenue of $342.13 million during the quarter, compared to the consensus estimate of $335.74 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts forecast that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SFIX shares. Wall Street Zen lowered Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Stitch Fix in a research note on Thursday, January 22nd. Zacks Research lowered shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price target on shares of Stitch Fix in a report on Monday, December 1st. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.00.

Institutional Investors Weigh In On Stitch Fix

A number of institutional investors and hedge funds have recently made changes to their positions in SFIX. Ameritas Investment Partners Inc. boosted its stake in Stitch Fix by 32.3% during the second quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock valued at $40,000 after buying an additional 2,645 shares during the last quarter. Wescott Financial Advisory Group LLC grew its stake in shares of Stitch Fix by 30.0% during the second quarter. Wescott Financial Advisory Group LLC now owns 13,000 shares of the company’s stock valued at $48,000 after buying an additional 3,000 shares during the last quarter. Farther Finance Advisors LLC grew its position in Stitch Fix by 52.1% in the 4th quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company’s stock valued at $51,000 after acquiring an additional 3,329 shares during the last quarter. Pallas Capital Advisors LLC increased its stake in Stitch Fix by 32.2% in the fourth quarter. Pallas Capital Advisors LLC now owns 14,085 shares of the company’s stock worth $74,000 after purchasing an additional 3,428 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Stitch Fix by 7.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,270 shares of the company’s stock worth $199,000 after purchasing an additional 3,993 shares during the period. Hedge funds and other 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.