Stitch Fix (NASDAQ:SFIX) Insider Sells $220,323.06 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Casey O’connor sold 41,259 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $5.34, for a total value of $220,323.06. Following the transaction, the insider owned 542,071 shares in the company, valued at approximately $2,894,659.14. The trade was a 7.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, January 20th, Casey O’connor sold 83,641 shares of Stitch Fix stock. The shares were 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 4.2%

Shares of NASDAQ SFIX opened at $5.00 on Friday. The firm’s fifty day moving average is $4.95 and its 200 day moving average is $4.83. Stitch Fix, Inc. has a 52 week low of $2.60 and a 52 week high of $5.94. The company 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 announced its quarterly earnings results on Thursday, December 4th. The company reported ($0.05) earnings per share for the quarter, meeting 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 business had revenue of $342.13 million during the quarter, compared to analysts’ expectations of $335.74 million. During the same quarter in the prior year, the company posted ($0.03) EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

Institutional Investors Weigh In On Stitch Fix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFIX. Fund 1 Investments LLC raised its holdings in Stitch Fix by 44.6% in the second quarter. Fund 1 Investments LLC now owns 9,943,821 shares of the company’s stock worth $36,792,000 after purchasing an additional 3,064,901 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of 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. Marshall Wace LLP increased its stake in shares of Stitch Fix by 4,898.1% in the 2nd quarter. Marshall Wace LLP now owns 2,010,034 shares of the company’s stock worth $7,437,000 after acquiring an additional 1,969,818 shares in the last quarter. Working Capital Advisors UK Ltd. lifted its position in Stitch Fix by 15.9% during the 3rd quarter. Working Capital Advisors UK Ltd. now owns 11,046,077 shares of the company’s stock valued at $48,050,000 after acquiring an additional 1,512,475 shares during the period. Finally, Shay Capital LLC purchased a new position in Stitch Fix during the 2nd quarter valued at about $3,570,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.