Stitch Fix (NASDAQ:SFIX) Insider Sells $431,587.56 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Casey O’connor sold 83,641 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $5.16, for a total value of $431,587.56. Following the sale, the insider directly owned 542,071 shares of the company’s stock, valued at approximately $2,797,086.36. This represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 Wednesday, January 21st, Casey O’connor sold 13,852 shares of Stitch Fix stock. The shares were sold at an average price of $5.34, for a total transaction of $73,969.68.

Stitch Fix Price Performance

Shares of SFIX opened at $5.00 on Friday. The company has a 50-day moving average of $4.95 and a two-hundred day moving average of $4.83. The stock has a market cap of $671.00 million, a price-to-earnings ratio of -31.25 and a beta of 2.10. Stitch Fix, Inc. has a one year low of $2.60 and a one year high of $5.94.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Thursday, December 4th. The company reported ($0.05) EPS 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 the consensus estimate of $335.74 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts anticipate that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings 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 valued at $51,000 after buying an additional 3,329 shares during the last quarter. Pallas Capital Advisors LLC raised its position in Stitch Fix by 32.2% during the fourth quarter. Pallas Capital Advisors LLC now owns 14,085 shares of the company’s stock valued at $74,000 after acquiring an additional 3,428 shares in the last quarter. SG Americas Securities LLC lifted its stake in Stitch Fix by 85.3% in the fourth quarter. SG Americas Securities LLC now owns 147,354 shares of the company’s stock valued at $774,000 after acquiring an additional 67,828 shares during the last quarter. Diversified Trust Co. lifted its stake in Stitch Fix by 29.8% in the fourth quarter. Diversified Trust Co. now owns 40,179 shares of the company’s stock valued at $211,000 after acquiring an additional 9,224 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Stitch Fix by 39.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 39,154 shares of the company’s stock worth $203,000 after acquiring an additional 11,082 shares in the last quarter. 71.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Telsey Advisory Group reissued 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. Zacks Research downgraded Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Stitch Fix in a report on Thursday. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Stitch Fix currently has an average rating of “Hold” and a consensus price target 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.