Stitch Fix (NASDAQ:SFIX) CFO David Aufderhaar Sells 67,960 Shares of Stock

Stitch Fix, Inc. (NASDAQ:SFIX) CFO David Aufderhaar sold 67,960 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $3.79, for a total transaction of $257,568.40. Following the transaction, the chief financial officer owned 1,102,369 shares of the company’s stock, valued at $4,177,978.51. This trade represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stitch Fix Price Performance

Shares of NASDAQ SFIX traded down $0.17 during mid-day trading on Wednesday, hitting $3.55. 1,327,276 shares of the stock traded hands, compared to its average volume of 2,156,536. Stitch Fix, Inc. has a twelve month low of $2.95 and a twelve month high of $5.94. The company has a market cap of $473.68 million, a PE ratio of -44.38 and a beta of 2.26. The firm has a 50 day simple moving average of $3.70 and a two-hundred day simple moving average of $3.97.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.05. The business had revenue of $340.28 million during the quarter, compared to analysts’ expectations of $333.51 million. Stitch Fix had a negative return on equity of 9.35% and a negative net margin of 1.43%.The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.06) EPS. On average, equities research analysts anticipate that Stitch Fix, Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of Stitch Fix

Several institutional investors have recently added to or reduced their stakes in SFIX. Caerus Investment Advisors LLC acquired a new stake in Stitch Fix during the 1st quarter valued at approximately $36,000. First Dallas Securities Inc. bought a new position in Stitch Fix during the 1st quarter worth approximately $38,000. Krilogy Financial LLC acquired a new position in shares of Stitch Fix in the 1st quarter worth approximately $46,000. Creative Planning bought a new stake in shares of Stitch Fix in the 2nd quarter valued at $46,000. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Stitch Fix in the 1st quarter valued at $47,000. 71.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Northland Securities assumed coverage on shares of Stitch Fix in a research report on Thursday, May 28th. They issued an “outperform” rating and a $5.00 price target for the company. UBS Group raised their price target on shares of Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Weiss Ratings lowered shares of Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 12th. Finally, Telsey Advisory Group reduced their price objective on shares of Stitch Fix from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.12.

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.