Stitch Fix (NASDAQ:SFIX) Insider Sells $73,969.68 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Casey O’connor sold 13,852 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $5.34, for a total value of $73,969.68. Following the transaction, the insider owned 542,071 shares of the company’s stock, valued at approximately $2,894,659.14. The trade was a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 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.

Stitch Fix Stock Down 4.2%

Shares of SFIX opened at $5.00 on Friday. Stitch Fix, Inc. has a twelve month low of $2.60 and a twelve month high of $5.94. The stock has a market capitalization of $671.00 million, a P/E ratio of -31.25 and a beta of 2.10. The company has a 50 day moving average of $4.95 and a 200-day moving average of $4.83.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Stitch Fix

Several institutional investors and hedge funds have recently bought and sold shares of SFIX. Farther Finance Advisors LLC boosted its stake 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 worth $51,000 after acquiring an additional 3,329 shares during the period. Pallas Capital Advisors LLC lifted its holdings in Stitch Fix by 32.2% during the 4th quarter. Pallas Capital Advisors LLC now owns 14,085 shares of the company’s stock valued at $74,000 after purchasing an additional 3,428 shares during the last quarter. SG Americas Securities LLC boosted its position in Stitch Fix by 85.3% during the fourth quarter. SG Americas Securities LLC now owns 147,354 shares of the company’s stock worth $774,000 after purchasing an additional 67,828 shares during the period. Diversified Trust Co. boosted its position in Stitch Fix by 29.8% during the fourth quarter. Diversified Trust Co. now owns 40,179 shares of the company’s stock worth $211,000 after purchasing an additional 9,224 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Stitch Fix by 39.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 39,154 shares of the company’s stock valued at $203,000 after purchasing an additional 11,082 shares during the last quarter. 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.