Stitch Fix (NASDAQ:SFIX) CFO Sells $123,704.82 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX) CFO David Aufderhaar sold 24,114 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $5.13, for a total transaction of $123,704.82. Following the transaction, the chief financial officer owned 1,251,862 shares in the company, valued at approximately $6,422,052.06. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Stitch Fix Trading Down 4.2%

Shares of NASDAQ:SFIX opened at $5.00 on Friday. Stitch Fix, Inc. has a 1 year low of $2.60 and a 1 year high of $5.94. The business has a fifty day simple moving average of $4.95 and a 200 day simple moving average of $4.83. The firm has a market cap of $671.00 million, a price-to-earnings ratio of -31.25 and a beta of 2.10.

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

Institutional Investors Weigh In On Stitch Fix

A number of hedge funds have recently bought and sold shares of the company. Working Capital Advisors UK Ltd. grew its position in shares of Stitch Fix by 15.9% in the third quarter. Working Capital Advisors UK Ltd. now owns 11,046,077 shares of the company’s stock valued at $48,050,000 after purchasing an additional 1,512,475 shares during the last quarter. Fund 1 Investments LLC boosted its stake in Stitch Fix by 44.6% during the 2nd quarter. Fund 1 Investments LLC now owns 9,943,821 shares of the company’s stock valued at $36,792,000 after purchasing an additional 3,064,901 shares during the period. Vanguard Group Inc. grew its holdings in Stitch Fix by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 7,682,725 shares of the company’s stock valued at $33,420,000 after buying an additional 240,584 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Stitch Fix by 302.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,897,171 shares of the company’s stock worth $12,603,000 after buying an additional 2,178,156 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Stitch Fix by 7.2% during the second quarter. Geode Capital Management LLC now owns 2,609,599 shares of the company’s stock worth $9,657,000 after buying an additional 174,426 shares during the last quarter. 71.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SFIX shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stitch Fix in a research report on Thursday. Wall Street Zen lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. 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. Finally, Zacks Research lowered shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.00.

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.